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Kavida Technologies Ltd

Unaudited Financial Statements for the Year Ended 30 May 2023






Kavida Technologies Ltd (Registered number: 12635619)






Contents of the Financial Statements
for the Year Ended 30 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kavida Technologies Ltd

Company Information
for the Year Ended 30 May 2023







DIRECTORS: A Rahman
S Sinha
S Jayakumar





SECRETARY: RF Secretaries Limited





REGISTERED OFFICE: International House
24 Holborn Viaduct
London
EC1A 2BN





REGISTERED NUMBER: 12635619 (England and Wales)





ACCOUNTANTS: Matthews Sutton & Co Ltd
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG

Kavida Technologies Ltd (Registered number: 12635619)

Balance Sheet
30 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 80,000 86,667
Tangible assets 5 2,204 1,889
82,204 88,556

CURRENT ASSETS
Debtors 6 39,500 -
Cash at bank 148,638 20,950
188,138 20,950
CREDITORS
Amounts falling due within one year 7 26,638 27,762
NET CURRENT ASSETS/(LIABILITIES) 161,500 (6,812 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

243,704

81,744

CAPITAL AND RESERVES
Called up share capital 146,507 125,000
Share premium 742,086 275,000
Retained earnings (644,889 ) (318,256 )
243,704 81,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Kavida Technologies Ltd (Registered number: 12635619)

Balance Sheet - continued
30 May 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by:




A Rahman - Director S Sinha - Director




S Jayakumar - Director


Kavida Technologies Ltd (Registered number: 12635619)

Notes to the Financial Statements
for the Year Ended 30 May 2023

1. STATUTORY INFORMATION

Kavida Technologies Ltd 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Intangible assets
The intangible assets are being amortized over 15 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

Kavida Technologies Ltd (Registered number: 12635619)

Notes to the Financial Statements - continued
for the Year Ended 30 May 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 31 May 2022
and 30 May 2023 100,000
AMORTISATION
At 31 May 2022 13,333
Charge for year 6,667
At 30 May 2023 20,000
NET BOOK VALUE
At 30 May 2023 80,000
At 30 May 2022 86,667

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 May 2022 2,811
Additions 878
At 30 May 2023 3,689
DEPRECIATION
At 31 May 2022 922
Charge for year 563
At 30 May 2023 1,485
NET BOOK VALUE
At 30 May 2023 2,204
At 30 May 2022 1,889

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,044 -
Other debtors 36,456 -
39,500 -

Kavida Technologies Ltd (Registered number: 12635619)

Notes to the Financial Statements - continued
for the Year Ended 30 May 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,877 -
Taxation and social security 5,726 10,266
Other creditors 17,035 17,496
26,638 27,762

8. ULTIMATE CONTROLLING PARTY

The controlling party is A Rahman.