Kyvano Limited 13302695 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is that of a recruitment company. Digita Accounts Production Advanced 6.30.9574.0 true 13302695 2022-04-01 2023-03-31 13302695 2023-03-31 13302695 core:CurrentFinancialInstruments 2023-03-31 13302695 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 13302695 core:FurnitureFittingsToolsEquipment 2023-03-31 13302695 bus:SmallEntities 2022-04-01 2023-03-31 13302695 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 13302695 bus:FullAccounts 2022-04-01 2023-03-31 13302695 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 13302695 bus:RegisteredOffice 2022-04-01 2023-03-31 13302695 bus:Director1 2022-04-01 2023-03-31 13302695 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 13302695 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 13302695 core:OfficeEquipment 2022-04-01 2023-03-31 13302695 countries:England 2022-04-01 2023-03-31 13302695 2021-03-30 2022-03-31 13302695 2022-03-31 13302695 core:CurrentFinancialInstruments 2022-03-31 13302695 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 13302695

Kyvano Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Kyvano Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Kyvano Limited

(Registration number: 13302695)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

588

-

Current assets

 

Debtors

5

24,924

3,468

Cash at bank and in hand

 

2,499

13,977

 

27,423

17,445

Creditors: Amounts falling due within one year

6

(24,046)

(17,265)

Net current assets

 

3,377

180

Net assets

 

3,965

180

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

3,865

80

Shareholders' funds

 

3,965

180

For the financial 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 November 2023
 

.........................................
N C Nicou
Director

 

Kyvano Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
1st Floor Woodgate Studios
2-8 Games Road
Cockfosters
Barnet
Hertfordshire
EN4 9HN

These financial statements were authorised for issue by the director on 14 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The accounts are prepared in the company's functional currency of British Pounds (£) and rounded to the nearest £1.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Kyvano Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Debtors with no stated interest rate and receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Trade creditors

Creditors with no stated interest rate and payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Kyvano Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

653

653

At 31 March 2023

653

653

Depreciation

Charge for the year

65

65

At 31 March 2023

65

65

Carrying amount

At 31 March 2023

588

588

5

Debtors

Current

2023
£

2022
£

Trade debtors

18,056

-

Other debtors

6,868

3,468

 

24,924

3,468

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

245

252

Taxation and social security

21,509

14,964

Accruals and deferred income

2,205

2,025

Other creditors

87

24

24,046

17,265

 

Kyvano Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100