0 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 11,815 8,226 897 9,123 2,692 3,589 xbrli:pure xbrli:shares iso4217:GBP 08423867 2022-04-01 2023-03-31 08423867 2023-03-31 08423867 2022-03-31 08423867 2022-03-31 08423867 bus:Director1 2022-04-01 2023-03-31 08423867 core:WithinOneYear 2023-03-31 08423867 core:WithinOneYear 2022-03-31 08423867 core:ShareCapital 2023-03-31 08423867 core:ShareCapital 2022-03-31 08423867 core:RetainedEarningsAccumulatedLosses 2023-03-31 08423867 core:RetainedEarningsAccumulatedLosses 2022-03-31 08423867 bus:Director1 2022-03-31 08423867 bus:Director1 2023-03-31 08423867 bus:Director1 2021-03-31 08423867 bus:Director1 2022-03-31 08423867 bus:Director1 2021-04-01 2022-03-31 08423867 bus:SmallEntities 2022-04-01 2023-03-31 08423867 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 08423867 bus:FullAccounts 2022-04-01 2023-03-31 08423867 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 08423867 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08423867 core:OfficeEquipment 2022-04-01 2023-03-31 08423867 core:OfficeEquipment 2023-03-31 08423867 core:OfficeEquipment 2022-03-31
COMPANY REGISTRATION NUMBER: 08423867
Kom - Systems Limited
Filleted Unaudited Financial Statements
31 March 2023
Kom - Systems Limited
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
4
2,692
3,589
Current assets
Debtors
5
30,918
9,017
Cash at bank and in hand
186
38,888
--------
--------
31,104
47,905
Creditors: amounts falling due within one year
6
792
745
--------
--------
Net current assets
30,312
47,160
--------
--------
Total assets less current liabilities
33,004
50,749
--------
--------
Net assets
33,004
50,749
--------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
33,003
50,748
--------
--------
Shareholders funds
33,004
50,749
--------
--------
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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 2 November 2023 , and are signed on behalf of the board by:
Mr K Kurtev
Director
Company registration number: 08423867
Kom - Systems Limited
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Minton Place, Victoria Road, Bicester, Oxon, OX26 6QB, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office Equipment
-
25% reducing balance
4. Tangible assets
Equipment
Total
£
£
Cost
At 1 April 2022 and 31 March 2023
11,815
11,815
--------
--------
Depreciation
At 1 April 2022
8,226
8,226
Charge for the year
897
897
--------
--------
At 31 March 2023
9,123
9,123
--------
--------
Carrying amount
At 31 March 2023
2,692
2,692
--------
--------
At 31 March 2022
3,589
3,589
--------
--------
5. Debtors
2023
2022
£
£
Other debtors
30,918
9,017
--------
-------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
792
745
----
----
7. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr K Kurtev
7,581
41,371
( 18,034)
30,918
-------
--------
--------
--------
2022
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr K Kurtev
( 858)
25,262
( 16,823)
7,581
----
--------
--------
-------