1 July 2022 false No description of principal activity Taxfiler 2023.10 05178320business:PrivateLimitedCompanyLtd2022-07-012023-06-30 051783202022-06-30 051783202022-07-012023-06-30 05178320business:AuditExemptWithAccountantsReport2022-07-012023-06-30 05178320business:FilletedAccounts2022-07-012023-06-30 051783202023-06-30 05178320business:Director12022-07-012023-06-30 05178320business:RegisteredOffice2022-07-012023-06-30 051783202022-06-30 05178320core:WithinOneYear2023-06-30 05178320core:WithinOneYear2022-06-30 05178320core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 05178320core:ShareCapitalcore:PreviouslyStatedAmount2022-06-30 05178320core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 05178320core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-30 05178320core:PreviouslyStatedAmount2023-06-30 05178320core:PreviouslyStatedAmount2022-06-30 05178320business:SmallEntities2022-07-012023-06-30 05178320countries:EnglandWales2022-07-012023-06-30 05178320core:LandBuildings2022-07-012023-06-30 05178320core:FurnitureFittings2022-07-012023-06-30 05178320core:ComputerEquipment2022-07-012023-06-30 05178320core:LandBuildings2022-06-30 05178320core:FurnitureFittings2022-06-30 05178320core:ComputerEquipment2022-06-30 05178320core:LandBuildings2023-06-30 05178320core:FurnitureFittings2023-06-30 05178320core:ComputerEquipment2023-06-30 05178320core:AdditionsToInvestments2023-06-30 05178320core:AfterOneYear2023-06-30 05178320core:AfterOneYear2022-06-30 051783202021-07-012022-06-30 iso4217:GBP xbrli:pure
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
Page
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K-Factor Ltd Company Information for the year ended 30 June 2023
Director
K.Tsioumparakis
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
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K-Factor Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
380,489 
382,348 
Investments
13,902 
- 
394,391 
382,348 
Current assets
Debtors
39,702 
45,781 
Cash at bank and in hand
215,027 
262,857 
254,729 
308,638 
Creditors: amounts falling due within one year
(13,331)
(57,011)
Net current assets
241,398 
251,627 
Net assets
635,789 
633,975 
Capital and reserves
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
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K-Factor Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Land & buildings
Nil
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 
Additions
- 
- 
774 
774 
At 30 June 2023
378,890 
5,813 
115,737 
500,440 
Depreciation
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 
Net book value
At 30 June 2023
378,890 
569 
1,030 
380,489 
At 30 June 2022
378,890 
669 
2,789 
382,348 
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K-Factor Ltd Notes to the Accounts for the year ended 30 June 2023
5
Investments
Other investments 
£ 
Valuation at 1 July 2022
- 
Additions
13,902 
Valuation at 30 June 2023
13,902 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
17,430 
44,410 
Other debtors
2,272 
1,371 
19,702 
45,781 
Amounts falling due after more than one year
Other debtors
20,000 
- 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
13,949 
Trade creditors
592 
115 
Taxes and social security
10,240 
24,343 
Loans from directors
499 
17,104 
Accruals
2,000 
1,500 
13,331 
57,011 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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