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Company Registration No. 09759296 (England and Wales)
Kitakami Limited Unaudited accounts for the year ended 30 September 2022
Kitakami Limited Unaudited accounts Contents
Page
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Kitakami Limited Company Information for the year ended 30 September 2022
Directors
Dingsheng XUE Arner Jeffrey HUSSAIN
Company Number
09759296 (England and Wales)
Registered Office
Unit 103-R, Universal House, 88-94 Wentworth Street LONDON E1 7SA ENGLAND
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Kitakami Limited Statement of financial position as at 30 September 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
139,776 
28,408 
Tangible assets
2,530 
3,163 
142,306 
31,571 
Current assets
Inventories
9,615 
- 
Cash at bank and in hand
43,876 
130,714 
53,491 
130,714 
Creditors: amounts falling due within one year
125,000 
175,974 
Net current assets
178,491 
306,688 
Net assets
320,797 
338,259 
Capital and reserves
Called up share capital
360,000 
360,000 
Profit and loss account
(39,203)
(21,741)
Shareholders' funds
320,797 
338,259 
For the year ending 30 September 2022 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by
Arner Jeffrey HUSSAIN Director Company Registration No. 09759296
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Kitakami Limited Notes to the Accounts for the year ended 30 September 2022
1
Statutory information
Kitakami Limited is a private company, limited by shares, registered in England and Wales, registration number 09759296. The registered office is Unit 103-R, Universal House, , 88-94 Wentworth Street, LONDON, E1 7SA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.33% Straight Line Method
Fixtures & fittings
20% Reducing Balance Method
Intangible fixed assets
Intangible fixed assets (including Licenses, IBAN Setup, Software, R&D Development and patents) are included at cost less accumulated amortisation. 10% Straight line method
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from Merchant Services to retail firms which is recognised when services have been delivered to clients such that promised services have been delivered to them. The main revenue generated by the company relates to the provision of payment services under Payment Services and Payment system act ( Payment Regulations 2017 and Electronic Money Regulations 2011).
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Going concern
Management is responsible for the preparation and fair presentation of the information in these financial statements. The Directors have at the time of approving the financial Statements, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, They continue to adopt the Going Concern basis of Accounting in preparing the financial statements.
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Kitakami Limited Notes to the Accounts for the year ended 30 September 2022
4
Intangible fixed assets
Other 
£ 
Cost
At 1 October 2021
40,582 
Additions
128,251 
At 30 September 2022
168,833 
Amortisation
At 1 October 2021
12,174 
Charge for the year
16,883 
At 30 September 2022
29,057 
Net book value
At 30 September 2022
139,776 
At 30 September 2021
28,408 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2021
550 
5,883 
6,433 
At 30 September 2022
550 
5,883 
6,433 
Depreciation
At 1 October 2021
550 
2,720 
3,270 
Charge for the year
- 
633 
633 
At 30 September 2022
550 
3,353 
3,903 
Net book value
At 30 September 2022
- 
2,530 
2,530 
At 30 September 2021
- 
3,163 
3,163 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
(29,294)
(31,421)
Trade creditors
(135,543)
(202,497)
Other creditors
(172)
17,455 
Loans from directors
40,009 
40,489 
(125,000)
(175,974)
7
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
1,800 Ordinary shares of £200 each
360,000 
360,000 
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Kitakami Limited Notes to the Accounts for the year ended 30 September 2022
8
Controlling party
In the relevant Accounting Period, Since 01/10/2019 EasyEuro Technology Limited held 9% Shares and 91% Shares held by Eng Hock OOI. Since 13/12/2019 EasyEuro Technology Limited held 87% Shares and 13% Shares held by Eng Hock OOI. On Jan 2021 as recorded on companies house, since this date EasyEuro HK holds 100% shares.
9
Average number of employees
During the year the average number of employees was 1 (2021: 4).
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