IRIS Accounts Production v23.1.5.20 SC527773 director 1.4.22 31.3.23 31.3.23 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5277732022-03-31SC5277732023-03-31SC5277732022-04-012023-03-31SC5277732021-03-31SC5277732021-04-012022-03-31SC5277732022-03-31SC527773ns15:Scotland2022-04-012023-03-31SC527773ns14:PoundSterling2022-04-012023-03-31SC527773ns10:Director12022-04-012023-03-31SC527773ns10:PrivateLimitedCompanyLtd2022-04-012023-03-31SC527773ns10:SmallEntities2022-04-012023-03-31SC527773ns10:AuditExemptWithAccountantsReport2022-04-012023-03-31SC527773ns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-31SC527773ns10:SmallCompaniesRegimeForAccounts2022-04-012023-03-31SC527773ns10:FullAccounts2022-04-012023-03-31SC527773ns10:RegisteredOffice2022-04-012023-03-31SC527773ns5:CurrentFinancialInstruments2023-03-31SC527773ns5:CurrentFinancialInstruments2022-03-31SC527773ns5:Non-currentFinancialInstruments2023-03-31SC527773ns5:Non-currentFinancialInstruments2022-03-31SC527773ns5:ShareCapital2023-03-31SC527773ns5:ShareCapital2022-03-31SC527773ns5:RetainedEarningsAccumulatedLosses2023-03-31SC527773ns5:RetainedEarningsAccumulatedLosses2022-03-31SC527773ns5:ComputerEquipment2022-04-012023-03-31SC527773ns5:ComputerEquipment2022-03-31SC527773ns5:ComputerEquipment2023-03-31SC527773ns5:ComputerEquipment2022-03-31SC527773ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31SC527773ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31SC527773ns5:DeferredTaxation2022-03-31SC527773ns5:DeferredTaxation2022-04-012023-03-31SC527773ns5:DeferredTaxation2023-03-31SC5277731ns10:Director12022-03-31SC5277731ns10:Director12021-03-31SC5277731ns10:Director12022-04-012023-03-31SC5277731ns10:Director12021-04-012022-03-31SC5277731ns10:Director12023-03-31SC5277731ns10:Director12022-03-31
REGISTERED NUMBER: SC527773 (Scotland)





















Unaudited Financial Statements

For The Year Ended 31 March 2023

for

Kapelko Solutions Ltd

Kapelko Solutions Ltd (Registered number: SC527773)






Contents of the Financial Statements
For The Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Kapelko Solutions Ltd

Company Information
For The Year Ended 31 March 2023







DIRECTOR: M Kapelko





REGISTERED OFFICE: 272 Bath Street
Glasgow
G2 4JR





REGISTERED NUMBER: SC527773 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

Kapelko Solutions Ltd (Registered number: SC527773)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,066 1,333

CURRENT ASSETS
Debtors 5 12,151 14,478
Cash at bank 69 2,565
12,220 17,043
CREDITORS
Amounts falling due within one year 6 14,840 14,146
NET CURRENT (LIABILITIES)/ASSETS (2,620 ) 2,897
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,554

)

4,230

CREDITORS
Amounts falling due after more than one
year

7

(6,525

)

(8,550

)

PROVISIONS FOR LIABILITIES 8 (203 ) (253 )
NET LIABILITIES (8,282 ) (4,573 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (8,283 ) (4,574 )
(8,282 ) (4,573 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Kapelko Solutions Ltd (Registered number: SC527773)

Balance Sheet - continued
31 March 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 director and authorised for issue on 1 December 2023 and were signed by:





M Kapelko - Director


Kapelko Solutions Ltd (Registered number: SC527773)

Notes to the Financial Statements
For The Year Ended 31 March 2023

1. STATUTORY INFORMATION

Kapelko Solutions Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

These financial statements are prepared on a going concern basis because the director has undertaken to provide financial support to allow the company to pay it's debts as and when they fall due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 20% on reducing balance

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances
Cash and bank balances are measured at the transaction price.

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.


Kapelko Solutions Ltd (Registered number: SC527773)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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 - 1 ).

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2022
and 31 March 2023 1,724
DEPRECIATION
At 1 April 2022 391
Charge for year 267
At 31 March 2023 658
NET BOOK VALUE
At 31 March 2023 1,066
At 31 March 2022 1,333

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 12,151 14,478

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 2,700 2,700
Taxation and social security 11,780 11,086
Other creditors 360 360
14,840 14,146

Kapelko Solutions Ltd (Registered number: SC527773)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 6,525 8,550

8. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 203 253

Deferred
tax
£   
Balance at 1 April 2022 253
Provided during year (50 )
Balance at 31 March 2023 203

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
M Kapelko
Balance outstanding at start of year (10,350 ) (11,241 )
Amounts advanced 4,634 14,889
Amounts repaid (2,387 ) (13,998 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (8,103 ) (10,350 )

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Kapelko Solutions Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kapelko Solutions Ltd for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Kapelko Solutions Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kapelko Solutions Ltd and state those matters that we have agreed to state to the director of Kapelko Solutions Ltd in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Kapelko Solutions Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Kapelko Solutions Ltd. You consider that Kapelko Solutions Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kapelko Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH


1 December 2023