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
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
KINERVA LTD
Statement of financial position
as at 29 November 2022
Tangible assets
4,839
6,145
Cash at bank and in hand
516
-
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)
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
KINERVA LTD
Notes to the Accounts
for the year ended 29 November 2022
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 29 November 2022
8,334
2,477
10,811
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
At 29 November 2022
3,798
1,041
4,839
At 29 November 2021
4,485
1,660
6,145
KINERVA LTD
Notes to the Accounts
for the year ended 29 November 2022
Amounts falling due within one year
Amounts due from group undertakings etc.
3,053
-
Other debtors
16,260
17,426
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
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 0 (2021: 0).