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Registration number: 14613777

Kilo 6 Limited

Annual Report and Unaudited Financial Statements

for the Period from 24 January 2023 to 31 January 2024

 

Kilo 6 Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 12

Detailed Profit and Loss Account

13 to 14

 

Kilo 6 Limited

Company Information

Directors

Colin John Oliver

Amanda Miriam King

Registered office

16 Cloutsham Close,
Furzton.
Milton Keynes
MK4 1JD

Accountants

Gregory William McGrath
8 Chalmers Avenue,
Haversham
Milton Keynes
MK19 7AG

 

Kilo 6 Limited

Directors' Report for the Period from 24 January 2023 to 31 January 2024

The directors present their report and the financial statements for the period from 24 January 2023 to 31 January 2024.

Incorporation

The company was incorporated on 24 January 2023.

Directors of the company

The directors who held office during the period were as follows:

Colin John Oliver (appointed 24 January 2023)

Amanda Miriam King (appointed 24 January 2023)

Principal activity

The principal activity of the company is business development and consultancy

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 18 April 2024 and signed on its behalf by:

.........................................
Colin John Oliver
Director

   
     
 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Kilo 6 Limited
for the Period Ended 31 January 2024

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Kilo 6 Limited for the period ended 31 January 2024 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given me.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Kilo 6 Limited, as a body, in accordance with the terms of our engagement letter. My work has been undertaken solely to prepare for your approval the accounts of Kilo 6 Limited and state those matters that I have agreed to state to the Board of Directors of Kilo 6 Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Kilo 6 Limited and its Board of Directors as a body for my work or for this report.

It is your duty to ensure that Kilo 6 Limited 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 Kilo 6 Limited. You consider that Kilo 6 Limited is exempt from the statutory audit requirement for the period.

I have not been instructed to carry out an audit or a review of the accounts of Kilo 6 Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory accounts.

......................................

Gregory William McGrath
8 Chalmers Avenue,
Haversham
Milton Keynes
MK19 7AG

18 April 2024

 

Kilo 6 Limited

Profit and Loss Account for the Period from 24 January 2023 to 31 January 2024

Note

2024
£

Turnover

 

19,941

Cost of sales

 

(78)

Gross profit

 

19,863

Administrative expenses

 

(8,698)

Operating profit

 

11,165

Profit before tax

4

11,165

Tax on profit

 

(2,058)

Profit for the financial period

 

9,107

The above results were derived from continuing operations.

The company has no recognised gains or losses for the period other than the results above.

 

Kilo 6 Limited

Statement of Comprehensive Income for the Period from 24 January 2023 to 31 January 2024

2024
£

Profit for the period

9,107

Total comprehensive income for the period

9,107

 

Kilo 6 Limited

(Registration number: 14613777)
Balance Sheet as at 31 January 2024

Note

2024
£

Fixed assets

 

Tangible assets

5

333

Current assets

 

Debtors

6

7,624

Cash at bank and in hand

 

1,755

 

9,379

Creditors: Amounts falling due within one year

7

(7,603)

Net current assets

 

1,776

Net assets

 

2,109

Capital and reserves

 

Called up share capital

8

2

Retained earnings

2,107

Shareholders' funds

 

2,109

For the financial period ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 18 April 2024 and signed on its behalf by:
 

.........................................
Colin John Oliver
Director

   
     
 

Kilo 6 Limited

Statement of Changes in Equity for the Period from 24 January 2023 to 31 January 2024

Share capital
£

Retained earnings
£

Total
£

Profit for the period

-

9,107

9,107

Dividends

-

(7,000)

(7,000)

New share capital subscribed

2

-

2

At 31 January 2024

2

2,107

2,109

 

Kilo 6 Limited

Notes to the Unaudited Financial Statements for the Period from 24 January 2023 to 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
16 Cloutsham Close,
Furzton.
Milton Keynes
MK4 1JD

These financial statements were authorised for issue by the Board on 18 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Kilo 6 Limited

Notes to the Unaudited Financial Statements for the Period from 24 January 2023 to 31 January 2024

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Kilo 6 Limited

Notes to the Unaudited Financial Statements for the Period from 24 January 2023 to 31 January 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

Depreciation expense

167

 

Kilo 6 Limited

Notes to the Unaudited Financial Statements for the Period from 24 January 2023 to 31 January 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

500

500

At 31 January 2024

500

500

Depreciation

Charge for the period

167

167

At 31 January 2024

167

167

Carrying amount

At 31 January 2024

333

333

6

Debtors

Current

2024
£

Trade debtors

7,624

 

7,624

7

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Taxation and social security

2,058

Accruals and deferred income

1,200

Other creditors

4,345

7,603

8

Share capital

Allotted, called up and fully paid shares

 

Kilo 6 Limited

Notes to the Unaudited Financial Statements for the Period from 24 January 2023 to 31 January 2024

 

2024

 

No.

£

Ordinary of £1 each

2

2

     

9

Dividends

   

2024

   

£

Interim dividend of £3,500.00 per ordinary share

 

7,000

     
 

Kilo 6 Limited

Detailed Profit and Loss Account for the Period from 24 January 2023 to 31 January 2024

24 January 2023 to 31 January 2024
 £

turnover

19,941

Cost of sales

(78)

Gross profit

19,863

Gross profit (%)

99.61%

Administrative expenses

Establishment costs

312

General administrative expenses

8,213

Finance charges

6

Depreciation costs

167

8,698

Operating profit

11,165

Profit before tax

11,165

 

Kilo 6 Limited

Detailed Profit and Loss Account for the Period from 24 January 2023 to 31 January 2024

2024
£

 

Turnover

Rendering of services, UK

19,941

 

Cost of sales

Motor expenses

78

 

Establishment costs

Use of home as office

312

 

General administrative expenses

Telephone and fax

167

Office expenses

2,253

Printing, postage and stationery

119

Sundry expenses

960

Travel and subsistence

3,387

Accountancy fees

1,200

Legal and professional fees

127

8,213

 

Finance charges

Bank charges

6

 

Depreciation costs

Depreciation of office equipment (owned)

167