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COMPANY REGISTRATION NUMBER: 11769867
Method 2.0 Limited (previously KC 2.0 Limited)
Filleted Unaudited Financial Statements
For the year ended
31 January 2023
Method 2.0 Limited (previously KC 2.0 Limited)
Statement of Financial Position
31 January 2023
2023
2022
£
£
£
£
Fixed assets
100
561,331
----
---------
Current assets
283,308
120,612
Prepayments and accrued income
5,270
---------
---------
283,308
125,882
Creditors: amounts falling due within one year
17,436
7,746
---------
---------
Net current assets
265,872
118,136
---------
---------
Total assets less current liabilities
265,972
679,467
Creditors: amounts falling due after more than one year
380,674
Accruals and deferred income
2,574
2,112
---------
---------
263,398
296,681
---------
---------
Capital and reserves
263,398
296,681
---------
---------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
2. Director's advances, credits and guarantees
During the year the company continued to extend the use of a loan facility to the director. Interest, at the HMRC official rate, has been charged on the outstanding balance on a daily basis.
2023 2022
£ £
Advances 58,180 30,389
Repayments 57,100 79,304
Balance due to the company at the period end 1,947 867
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 20 October 2023 , and are signed on behalf of the board by:
Miss K M Corrigan
Director
Company registration number: 11769867
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Wellbrook Court, Girton, Cambridge, CB3 0NA.