Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-31false2022-07-18No description of principal activity1true0falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14239802 2022-07-17 14239802 2022-07-18 2023-07-31 14239802 2021-07-18 2022-07-17 14239802 2023-07-31 14239802 c:Director1 2022-07-18 2023-07-31 14239802 d:FurnitureFittings 2022-07-18 2023-07-31 14239802 d:FurnitureFittings 2023-07-31 14239802 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-18 2023-07-31 14239802 d:CurrentFinancialInstruments 2023-07-31 14239802 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 14239802 d:ShareCapital 2023-07-31 14239802 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-07-31 14239802 c:OrdinaryShareClass1 2022-07-18 2023-07-31 14239802 c:OrdinaryShareClass1 2023-07-31 14239802 c:FRS102 2022-07-18 2023-07-31 14239802 c:AuditExempt-NoAccountantsReport 2022-07-18 2023-07-31 14239802 c:FullAccounts 2022-07-18 2023-07-31 14239802 c:PrivateLimitedCompanyLtd 2022-07-18 2023-07-31 14239802 e:PoundSterling 2022-07-18 2023-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14239802









RED KITE CYBER SECURITY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2023

 
RED KITE CYBER SECURITY LIMITED
REGISTERED NUMBER: 14239802

BALANCE SHEET
AS AT 31 JULY 2023

31 July 2023
Note
£

Fixed assets
  

Tangible assets
 4 
1,200

  
1,200

Current assets
  

Debtors: amounts falling due within one year
 5 
16,620

Cash at bank and in hand
 6 
25,945

  
42,565

Creditors: amounts falling due within one year
 7 
(43,665)

Net current (liabilities)/assets
  
 
 
(1,100)

Total assets less current liabilities
  
100

  

Net assets
  
100


Capital and reserves
  

Called up share capital 
 9 
100

  
100


Page 1

 
RED KITE CYBER SECURITY LIMITED
REGISTERED NUMBER: 14239802
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 March 2024.




................................................
Jonathan Tregear
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
RED KITE CYBER SECURITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

1.


General information

Red Kite Cyber Security Limited is a private company limited by shares, incorporated in England and Wales on 18 July 2022. The principal activity throughout the period was that of IT consultancy. The Company started trading on 01 November 2022.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
RED KITE CYBER SECURITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

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.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term 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.

Page 4

 
RED KITE CYBER SECURITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.

Page 5

 
RED KITE CYBER SECURITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


Additions
1,800



At 31 July 2023

1,800



Depreciation


Charge for the period on owned assets
600



At 31 July 2023

600



Net book value



At 31 July 2023
1,200


5.


Debtors

Period ended 31 July 2023
£


Trade debtors
16,570

Prepayments and accrued income
50

16,620



6.


Cash and cash equivalents

Period ended 31 July 2023
£

Cash at bank and in hand
25,945

25,945


Page 6

 
RED KITE CYBER SECURITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

7.


Creditors: Amounts falling due within one year

Period ended 31 July 2023
£

Trade creditors
66

Corporation tax
7,164

Other taxation and social security
8,497

Other creditors
26,593

Accruals and deferred income
1,345

43,665



8.


Financial instruments

Period ended 31 July 2023
£

Financial assets


Financial assets measured at fair value through profit or loss
25,945




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


9.


Share capital

Period ended 31 July 2023
£
Authorised, allotted, called up and fully paid


100 Ordinary shares of £1 each
100


Upon incorporation 100 Ordinary £1 shares were issued at par.


10.


Controlling party

The Company is controlled by the director, Jonathan Tregear, by virtue of his shareholding as described in the director's report.

 
Page 7