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REGISTERED NUMBER: 10585672 (England and Wales)















KIN3TIC PERFORMANCE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023






KIN3TIC PERFORMANCE LIMITED (REGISTERED NUMBER: 10585672)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


KIN3TIC PERFORMANCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: J Lingard





REGISTERED OFFICE: 14 Turnstone Road
North Hykeham
Lincoln
Lincolnshire
LN6 3UA





REGISTERED NUMBER: 10585672 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
Oxley House
Lincoln Way
Louth
Lincolnshire
LN11 0LS

KIN3TIC PERFORMANCE LIMITED (REGISTERED NUMBER: 10585672)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 163,682 137,710

CURRENT ASSETS
Debtors 5 3,617 3,139
Cash at bank 65,222 81,244
68,839 84,383
CREDITORS
Amounts falling due within one year 6 56,274 63,907
NET CURRENT ASSETS 12,565 20,476
TOTAL ASSETS LESS CURRENT LIABILITIES 176,247 158,186

CREDITORS
Amounts falling due after more than one year 7 (36,475 ) (56,642 )

PROVISIONS FOR LIABILITIES (8,946 ) (11,994 )
NET ASSETS 130,826 89,550

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 130,726 89,450
SHAREHOLDERS' FUNDS 130,826 89,550

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 13 September 2023 and were signed by:





J Lingard - Director


KIN3TIC PERFORMANCE LIMITED (REGISTERED NUMBER: 10585672)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Kin3tic Performance 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
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
Improvements to property - 4% on cost
Fixtures & fittings - 20% reducing balance and 20% on cost
Equipment - 20% reducing balance and 20% on cost
Computer equipment - 20% reducing balance
Motor vehicles - 25% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial
position. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those
held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is
shorter.

The interest element of these obligations is charged to the income statement over the relevant period. The
capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to income statement on a straight line basis over the period of the lease.

Government grants
Grants are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

KIN3TIC PERFORMANCE LIMITED (REGISTERED NUMBER: 10585672)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property Equipment fittings
£    £    £   
COST
At 1 February 2022 94,718 74,005 9,356
Additions 18,387 28,415 -
Disposals - (2,850 ) -
At 31 January 2023 113,105 99,570 9,356
DEPRECIATION
At 1 February 2022 15,628 34,336 3,208
Charge for year 4,428 12,141 1,232
Eliminated on disposal - (1,207 ) -
At 31 January 2023 20,056 45,270 4,440
NET BOOK VALUE
At 31 January 2023 93,049 54,300 4,916
At 31 January 2022 79,090 39,669 6,148

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2022 14,346 10,319 202,744
Additions - 1,606 48,408
Disposals - - (2,850 )
At 31 January 2023 14,346 11,925 248,302
DEPRECIATION
At 1 February 2022 8,139 3,723 65,034
Charge for year 1,552 1,440 20,793
Eliminated on disposal - - (1,207 )
At 31 January 2023 9,691 5,163 84,620
NET BOOK VALUE
At 31 January 2023 4,655 6,762 163,682
At 31 January 2022 6,207 6,596 137,710

The net book value of tangible fixed assets includes £NIL (2022 - £ 10,021 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 3,617 3,139

KIN3TIC PERFORMANCE LIMITED (REGISTERED NUMBER: 10585672)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) - 4,904
Trade creditors 1,068 7,764
Taxation and social security 17,034 9,506
Other creditors 38,172 41,733
56,274 63,907

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 36,475 56,642

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year - 4,904

Non-cancellable operating leases
2023 2022
£    £   
Within one year 25,333 6,600
Between one and five years 82,333 -
107,666 6,600

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary shares £1 100 100