Company Registration No. 11116622 (England and Wales)
Kenice International Ltd
Unaudited accounts
for the year ended 31 December 2023
Kenice International Ltd
Unaudited accounts
Contents
Kenice International Ltd
Company Information
for the year ended 31 December 2023
Company Number
11116622 (England and Wales)
Registered Office
203 West Street
Fareham
PO16 0EN
United Kingdom
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
Kenice International Ltd
Accountants' report
Accountants' report to the director of Kenice International Ltd on the preparation of the unaudited statutory accounts for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Kenice International Ltd for the year ended
31 December 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Kenice International Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Kenice International Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kenice International Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Kenice International Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Kenice International Ltd. You consider that Kenice International 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 accounts of Kenice International 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 accounts.
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
16 February 2024
Kenice International Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
59,955
603
Cash at bank and in hand
109,710
113,114
Creditors: amounts falling due within one year
(11,510)
(30,004)
Net current assets
99,610
83,110
Called up share capital
100
100
Profit and loss account
159,465
83,613
Shareholders' funds
159,565
83,713
For the year ending 31 December 2023 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 16 February 2024 and were signed on its behalf by
Mr Y K Chan
Director
Company Registration No. 11116622
Kenice International Ltd
Notes to the Accounts
for the year ended 31 December 2023
Kenice International Ltd is a private company, limited by shares, registered in England and Wales, registration number 11116622. The registered office is 203 West Street, Fareham, PO16 0EN, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
-
464
821
1,285
Additions
61,025
-
538
61,563
At 31 December 2023
61,025
464
1,359
62,848
At 1 January 2023
-
274
408
682
Charge for the year
2,048
47
116
2,211
At 31 December 2023
2,048
321
524
2,893
At 31 December 2023
58,977
143
835
59,955
At 31 December 2022
-
190
413
603
Kenice International Ltd
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Accrued income and prepayments
1,410
-
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
4,340
18,390
Loans from directors
3,495
1,121
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Account
(1,121)
(7,980)
(5,606)
(3,495)
(1,121)
(7,980)
(5,606)
(3,495)
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).