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Company Registration No. 11230823 (England and Wales)
KINERVA LTD Unaudited accounts for the year ended 29 November 2022
KINERVA LTD Company Information for the year ended 29 November 2022
Director
Adnan Wahid
Company Number
11230823 (England and Wales)
Registered Office
Avon House 435 Stratford Road Solihull West Midlands B90 4AA United Kingdom
Accountants
MNSK LTD 206 Robin Hood Lane Hall Green Birmingham West Midlands B28 0LG
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KINERVA LTD Statement of financial position as at 29 November 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,839 
6,145 
Current assets
Debtors
21,166 
20,860 
Cash at bank and in hand
516 
- 
21,682 
20,860 
Creditors: amounts falling due within one year
(321,558)
(282,621)
Net current liabilities
(299,876)
(261,761)
Total assets less current liabilities
(295,037)
(255,616)
Creditors: amounts falling due after more than one year
(32,387)
(34,837)
Net liabilities
(327,424)
(290,453)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(327,425)
(290,454)
Shareholders' funds
(327,424)
(290,453)
For the year ending 29 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 November 2023 and were signed on its behalf by
Adnan Wahid Director Company Registration No. 11230823
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KINERVA LTD Notes to the Accounts for the year ended 29 November 2022
1
Statutory information
KINERVA LTD is a private company, limited by shares, registered in England and Wales, registration number 11230823. The registered office is Avon House, 435 Stratford Road, Solihull, West Midlands, B90 4AA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 29 November 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 30 November 2020. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 30 November 2021
7,061 
2,477 
9,538 
Additions
1,273 
- 
1,273 
At 29 November 2022
8,334 
2,477 
10,811 
Depreciation
At 30 November 2021
2,576 
817 
3,393 
Charge for the year
1,960 
619 
2,579 
At 29 November 2022
4,536 
1,436 
5,972 
Net book value
At 29 November 2022
3,798 
1,041 
4,839 
At 29 November 2021
4,485 
1,660 
6,145 
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KINERVA LTD Notes to the Accounts for the year ended 29 November 2022
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,853 
3,434 
Amounts due from group undertakings etc.
3,053 
- 
Other debtors
16,260 
17,426 
21,166 
20,860 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
41,919 
46,283 
Trade creditors
10,025 
9,220 
Amounts owed to group undertakings and other participating interests
7,022 
- 
Other creditors
262,592 
227,118 
321,558 
282,621 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
32,387 
34,837 
8
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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