KIRETO LTD

Company Registration Number:
10772244 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2022

Period of accounts

Start date: 01 June 2021

End date: 31 May 2022

KIRETO LTD

Contents of the Financial Statements

for the Period Ended 31 May 2022

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

KIRETO LTD

Company Information

for the Period Ended 31 May 2022




Director: Kostadin Zahariev Kirev
Registered office: 8
Springfield Terrace
New Inn
Pontypool
GB-WLS
NP4 0PX
Company Registration Number: 10772244 (England and Wales)

KIRETO LTD

Directors' Report Period Ended 31 May 2022

The directors present their report with the financial statements of the company for the period ended 31 May 2022

Principal Activities

The company's principal activity during the period was freight transport by road.

Directors

The directors shown below have held office during the whole of the period from 01 June 2021 to 31 May 2022
Kostadin Zahariev Kirev

This report was approved by the board of directors on 13 September 2022
And Signed On Behalf Of The Board By:

Name: Kostadin Zahariev Kirev
Status: Director

KIRETO LTD

Profit and Loss Account

for the Period Ended 31 May 2022


Notes

2022
£

2021
£
Turnover 59,644 50,504
Cost of sales ( 24,050 ) ( 27,183 )
Gross Profit or (Loss) 39,044 34,671
Income from coronavirus (COVID-19) business support grants 3,450 11,350
Administrative Expenses ( 36,682 ) ( 32,355 )
Operating Profit or (Loss) 2,362 2,316
Profit or (Loss) Before Tax 2,362 2,316
Tax on Profit ( 449 ) ( 440 )
Profit or (Loss) for Period 1,913 1,876

The notes form part of these financial statements

KIRETO LTD

Balance sheet

As at 31 May 2022


Notes

2022
£

2021
£
Fixed assets
Total fixed assets: - -
Current assets
Cash at bank and in hand: 41,312 24,299
Total current assets: 41,312 24,299
Creditors: amounts falling due within one year: 4 ( 23,583 ) ( 5,590 )
Net current assets (liabilities): 17,729 18,709
Total assets less current liabilities: 17,729 18,709
Creditors: amounts falling due after more than one year: 5 ( 10,105 ) ( 13,000 )
Total net assets (liabilities): 7,624 5,709

The notes form part of these financial statements

KIRETO LTD

Balance sheet continued

As at 31 May 2022


Notes

2022
£

2021
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 7,524 5,609
Shareholders funds: 7,624 5,709

For the year ending 31 May 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 13 September 2022
And Signed On Behalf Of The Board By:

Name: Kostadin Zahariev Kirev
Status: Director

The notes form part of these financial statements

KIRETO LTD

Notes to the Financial Statements

for the Period Ended 31 May 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

KIRETO LTD

Notes to the Financial Statements

for the Period Ended 31 May 2022

  • 2. Employees


    2022

    2021
    Average number of employees during the period 2 2

KIRETO LTD

Notes to the Financial Statements

for the Period Ended 31 May 2022

  • 3. Off balance sheet disclosure

    No

KIRETO LTD

Notes to the Financial Statements

for the Period Ended 31 May 2022

4.Creditors: amounts falling due within one year note


2022
£

2021
£
Trade creditors 12,188
Taxation and social security 11,395 5,590
Total 23,583 5,590

KIRETO LTD

Notes to the Financial Statements

for the Period Ended 31 May 2022

5.Creditors: amounts falling due after more than one year


2022
£

2021
£
Bank loans and overdrafts 10,105 13,000
Total 10,105 13,000