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Registered Number: 07539281
England and Wales

 

 

 

KONETIX LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 March 2022

End date: 28 February 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 10,644    12,523 
10,644    12,523 
Current assets      
Debtors 450,349    476,305 
Cash at bank and in hand 32,469    42,817 
482,818    519,122 
Creditors: amount falling due within one year (268,039)   (269,831)
Net current assets 214,779    249,291 
 
Total assets less current liabilities 225,423    261,814 
Creditors: amount falling due after more than one year (4,077)   (7,111)
Net assets 221,346    254,703 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 221,345    254,702 
Shareholder's funds 221,346    254,703 
 


For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 06 October 2023 and were signed by:


-------------------------------
Graham Tomlinson
Director
1
General Information
Konetix Limited is a private company, limited by shares, registered in England and Wales, registration number 07539281, registration address The Counting House 4A Moss Lane, Swinton, Manchester, M27 9SA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 15% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Total
  £   £   £
At 01 March 2022 1,735    15,995    17,730 
Additions    
Disposals    
At 28 February 2023 1,735    15,995    17,730 
Depreciation
At 01 March 2022 768    4,439    5,207 
Charge for year 146    1,733    1,879 
On disposals    
At 28 February 2023 914    6,172    7,086 
Net book values
Closing balance as at 28 February 2023 821    9,823    10,644 
Opening balance as at 01 March 2022 967    11,556    12,523 


2