Company Registration No. 05178320 (England and Wales)
K-Factor Ltd
Unaudited accounts
for the year ended 30 June 2023
K-Factor Ltd
Unaudited accounts
Contents
K-Factor Ltd
Company Information
for the year ended 30 June 2023
Company Number
05178320 (England and Wales)
Registered Office
33 Linkscroft Avenue
Ashford
Middlesex
TW15 2BQ
United Kingdom
Accountants
DJK Accounting Limited
Glendale
Burnhams Road
Little Bookham
Surrey
KT23 3BA
K-Factor Ltd
Statement of financial position
as at 30 June 2023
Tangible assets
380,489
382,348
Cash at bank and in hand
215,027
262,857
Creditors: amounts falling due within one year
(13,331)
(57,011)
Net current assets
241,398
251,627
Net assets
635,789
633,975
Called up share capital
1
1
Profit and loss account
635,788
633,974
Shareholders' funds
635,789
633,975
For the year ending 30 June 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 8 February 2024 and were signed on its behalf by
K.Tsioumparakis
Director
Company Registration No. 05178320
K-Factor Ltd
Notes to the Accounts
for the year ended 30 June 2023
K-Factor Ltd is a private company, limited by shares, registered in England and Wales, registration number 05178320. The registered office is 33 Linkscroft Avenue, Ashford, Middlesex, TW15 2BQ, 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.
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.
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
15% on reducing balance
Computer equipment
33% on cost
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2022
378,890
5,813
114,963
499,666
At 30 June 2023
378,890
5,813
115,737
500,440
At 1 July 2022
-
5,144
112,174
117,318
Charge for the year
-
100
2,533
2,633
At 30 June 2023
-
5,244
114,707
119,951
At 30 June 2023
378,890
569
1,030
380,489
At 30 June 2022
378,890
669
2,789
382,348
K-Factor Ltd
Notes to the Accounts
for the year ended 30 June 2023
5
Investments
Other investments
Valuation at 1 July 2022
-
Valuation at 30 June 2023
13,902
Amounts falling due within one year
Trade debtors
17,430
44,410
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
10,240
24,343
Loans from directors
499
17,104
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).