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REGISTERED NUMBER: 09561079 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

KINETIC BUZZ LIMITED

KINETIC BUZZ LIMITED (REGISTERED NUMBER: 09561079)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KINETIC BUZZ LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: Mr M Stacey
Mrs D N Stacey-Atkins
Mrs H C Williams





REGISTERED OFFICE: Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP





REGISTERED NUMBER: 09561079 (England and Wales)





ACCOUNTANTS: Gibson Whitter
Chartered Accountants
and Chartered Tax Advisers
Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP

KINETIC BUZZ LIMITED (REGISTERED NUMBER: 09561079)

BALANCE SHEET
30 APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,842 8,290

CURRENT ASSETS
Debtors 5 582 180
Cash at bank 69,683 122,991
70,265 123,171
CREDITORS
Amounts falling due within one year 6 5,745 4,576
NET CURRENT ASSETS 64,520 118,595
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,362

126,885

PROVISIONS FOR LIABILITIES 7 2,630 1,575
NET ASSETS 75,732 125,310

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 75,632 125,210
SHAREHOLDERS' FUNDS 75,732 125,310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 28 September 2023 and were signed on its behalf by:




Mr M Stacey - Director


KINETIC BUZZ LIMITED (REGISTERED NUMBER: 09561079)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Kinetic Buzz Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

KINETIC BUZZ LIMITED (REGISTERED NUMBER: 09561079)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2022 - 3,196 18,096 21,292
Additions 4,963 - 6,580 11,543
At 30 April 2023 4,963 3,196 24,676 32,835
DEPRECIATION
At 1 May 2022 - 2,099 10,903 13,002
Charge for year 1,137 274 4,580 5,991
At 30 April 2023 1,137 2,373 15,483 18,993
NET BOOK VALUE
At 30 April 2023 3,826 823 9,193 13,842
At 30 April 2022 - 1,097 7,193 8,290

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 510 180
Other debtors 72 -
582 180

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Taxation and social security - 1,196
Other creditors 5,745 3,380
5,745 4,576

7. PROVISIONS FOR LIABILITIES
30.4.23 30.4.22
£    £   
Deferred tax 2,630 1,575

Deferred
tax
£   
Balance at 1 May 2022 1,575
Charge to Income Statement during year 1,055
Balance at 30 April 2023 2,630

KINETIC BUZZ LIMITED (REGISTERED NUMBER: 09561079)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
50 Ordinary A shares £1 50 50
50 Ordinary B shares £1 50 50
100 100

9. RELATED PARTY DISCLOSURES

The aggregate amount owed to the directors at the balance sheet date is £4,182 (30.4.22: £1,270).

10. ULTIMATE CONTROLLING PARTY

The company is not under the control of any one individual or another entity.