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COMPANY REGISTRATION NUMBER: 12038906
KESS-ENV LIMITED
Filleted Unaudited Financial Statements
30 June 2022
KESS-ENV LIMITED
Financial Statements
Year ended 30 June 2022
Contents
Page
Chartered accountants report to the director on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2
Notes to the financial statements
4
KESS-ENV LIMITED
Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of KESS-ENV LIMITED
Year ended 30 June 2022
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 30 June 2022, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
HARPER SHELDON LIMITED Chartered Accountants
Midway House Staverton Technology Park Herrick Way, Staverton Cheltenham, Glos. GL51 6TQ
20 November 2023
KESS-ENV LIMITED
Statement of Financial Position
30 June 2022
2022
2021
Note
£
£
Fixed assets
Tangible assets
5
1,562
1,024
Current assets
Debtors
6
3,300
9,267
Cash at bank and in hand
47,089
58,199
--------
--------
50,389
67,466
Creditors: amounts falling due within one year
7
( 29,939)
( 31,500)
--------
--------
Net current assets
20,450
35,966
--------
--------
Total assets less current liabilities
22,012
36,990
Provisions
Taxation including deferred tax
( 297)
( 195)
--------
--------
Net assets
21,715
36,795
--------
--------
KESS-ENV LIMITED
Statement of Financial Position (continued)
30 June 2022
2022
2021
Note
£
£
Capital and reserves
Called up share capital
1
1
Profit and loss account
21,714
36,794
--------
--------
Shareholder funds
21,715
36,795
--------
--------
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 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has 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 20 November 2023 , and are signed on behalf of the board by:
K.J.K. Randles
Director
Company registration number: 12038906
KESS-ENV LIMITED
Notes to the Financial Statements
Year ended 30 June 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Midway House, Staverton Technology Park, Herrick Way, Staverton, Cheltenham, Glos, GL51 6TQ.
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. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
20% reducing balance
Pension costs
The company contributes to a defined contribution scheme for the benefit of its director. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represents contributions payable for the period by the company to the fund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2021: 2 ).
5. Tangible assets
Equipment
£
Cost
At 1 July 2021
1,165
Additions
761
-------
At 30 June 2022
1,926
-------
Depreciation
At 1 July 2021
141
Charge for the year
223
-------
At 30 June 2022
364
-------
Carrying amount
At 30 June 2022
1,562
-------
At 30 June 2021
1,024
-------
6. Debtors
2022
2021
£
£
Trade debtors
3,300
177
Other debtors
9,090
-------
-------
3,300
9,267
-------
-------
Other debtors include £NIL (2021 - £9,060) in respect of the director's current account.
7. Creditors: amounts falling due within one year
2022
2021
£
£
Social security and other taxes
24,492
28,300
Other creditors
5,447
3,200
--------
--------
29,939
31,500
--------
--------
Other creditors include £2,547 (2021 - £NIL) in respect of the director's current account.
8. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2022
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
K.J.K. Randles
9,060
28,393
( 40,000)
( 2,547)
-------
--------
--------
-------
2021
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
K.J.K. Randles
( 4,835)
57,895
( 44,000)
9,060
-------
--------
--------
-------
The company has not charged interest on the overdrawn balance.