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REGISTERED NUMBER: 11762391 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2023

FOR

KADEMY LTD

KADEMY LTD (REGISTERED NUMBER: 11762391)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KADEMY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTORS: R Crumby
Mrs E V A Crumby
Miss A Hentschel
Mrs K L M Humphreys





SECRETARY: R Crumby





REGISTERED OFFICE: 71-75 Shelton Street
London
Greater London
United Kingdom
WC2H 9JQ





REGISTERED NUMBER: 11762391 (England and Wales)





ACCOUNTANTS: CGA
Chartered Certified Accountants
3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED

KADEMY LTD (REGISTERED NUMBER: 11762391)

BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,587 28,543
Tangible assets 5 912 2,016
15,499 30,559

CURRENT ASSETS
Debtors 6 224,488 103,439
Cash at bank 257,793 400,063
482,281 503,502
CREDITORS
Amounts falling due within one year 7 529,688 405,768
NET CURRENT (LIABILITIES)/ASSETS (47,407 ) 97,734
TOTAL ASSETS LESS CURRENT LIABILITIES (31,908 ) 128,293

CREDITORS
Amounts falling due after more than one year 8 111,565 145,418
NET LIABILITIES (143,473 ) (17,125 )

CAPITAL AND RESERVES
Called up share capital 281 281
Share premium 149,969 149,969
Retained earnings (293,723 ) (167,375 )
SHAREHOLDERS' FUNDS (143,473 ) (17,125 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 2nd February 2024 and were signed on its behalf by:




Miss A Hentschel - Director


KADEMY LTD (REGISTERED NUMBER: 11762391)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023

1. STATUTORY INFORMATION

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

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered stated net of discounts and of Value Added Tax.

Income is recognised when the service has been delivered to customers such that the risks and rewards of ownership have transferred to them.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
Despite the company showing net liabilities, the financial statements have been prepared on a going concern basis. The director will continue to support the company for a period in excess of twelve months from the date of approval of these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

KADEMY LTD (REGISTERED NUMBER: 11762391)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st July 2022
and 30th June 2023 69,782
AMORTISATION
At 1st July 2022 41,239
Charge for year 13,956
At 30th June 2023 55,195
NET BOOK VALUE
At 30th June 2023 14,587
At 30th June 2022 28,543

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st July 2022 5,336
Additions 832
Disposals (1,122 )
At 30th June 2023 5,046
DEPRECIATION
At 1st July 2022 3,320
Charge for year 1,188
Eliminated on disposal (374 )
At 30th June 2023 4,134
NET BOOK VALUE
At 30th June 2023 912
At 30th June 2022 2,016

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 135,052 46,237
Other debtors 89,436 57,202
224,488 103,439

KADEMY LTD (REGISTERED NUMBER: 11762391)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,678 6,923
Trade creditors 32,151 17,470
Taxation and social security 19,610 6,404
Other creditors 471,249 374,971
529,688 405,768

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 15,712 22,565
Other creditors 95,853 122,853
111,565 145,418

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £107,853 (2022: £134,853) to members of key management personnel. Interest has been charged to the company at a rate of 2% per annum from January 2023 in respect of this loan which is repayable on demand and is presented within other creditors due within one year £12,000 (2022: 12,000) and other creditors due after one year £97,003 (2021: £122,853).