1 July 2022 false Taxfiler 2023.14 10577550business:PrivateLimitedCompanyLtd2022-07-012023-06-30 105775502022-06-30 105775502022-07-012023-06-30 10577550business:AuditExempt-NoAccountantsReport2022-07-012023-06-30 10577550business:FilletedAccounts2022-07-012023-06-30 105775502023-06-30 10577550business:Director12022-07-012023-06-30 10577550business:CompanySecretary12022-07-012023-06-30 10577550business:RegisteredOffice2022-07-012023-06-30 105775502022-06-30 10577550core:WithinOneYear2023-06-30 10577550core:WithinOneYear2022-06-30 10577550core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 10577550core:ShareCapitalcore:PreviouslyStatedAmount2022-06-30 10577550core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 10577550core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-30 10577550core:PreviouslyStatedAmount2023-06-30 10577550core:PreviouslyStatedAmount2022-06-30 10577550business:SmallEntities2022-07-012023-06-30 10577550countries:EnglandWales2022-07-012023-06-30 10577550core:MotorVehicles2022-07-012023-06-30 10577550core:MotorVehicles2022-06-30 10577550core:MotorVehicles2023-06-30 10577550core:AfterOneYear2023-06-30 10577550core:AfterOneYear2022-06-30 10577550business:OrdinaryShareClass12022-07-012023-06-30 10577550business:OrdinaryShareClass12021-07-012022-06-30 105775502021-07-012022-06-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 10577550 (England and Wales)
KAPIE ONE LIMITED Unaudited financial statements for the year ended 30 June 2023
KAPIE ONE LIMITED Unaudited financial statements Contents
Page
- 2 -
KAPIE ONE LIMITED Company Information for the year ended 30 June 2023
Director
Mr P R Kerrison
Secretary
Mr B J Sloan
Company Number
10577550 (England and Wales)
Registered Office
The Granary Home End Fulbourn Cambs CB21 5BS United Kingdom
- 3 -
KAPIE ONE LIMITED Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
78,379 
- 
Current assets
Debtors
15,115 
5 
Cash at bank and in hand
313,716 
461,681 
328,831 
461,686 
Creditors: amounts falling due within one year
(1,369)
(487)
Net current assets
327,462 
461,199 
Net assets
405,841 
461,199 
Capital and reserves
Called up share capital
550,001 
550,001 
Profit and loss account
(144,160)
(88,802)
Shareholders' funds
405,841 
461,199 
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 11 March 2024 and were signed on its behalf by
Mr P R Kerrison Director Company Registration No. 10577550
- 4 -
KAPIE ONE LIMITED Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
KAPIE ONE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10577550. The registered office is The Granary, Home End, Fulbourn, Cambs, CB21 5BS, 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.
Turnover
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.
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:
Motor vehicles
25% per annum, reducing balance
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. Financial assets that are measured at cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.
Debtors
Short term debtors are measured at transaction price, less any impairment.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Creditors
Short term creditors are measured at transaction price.
- 5 -
KAPIE ONE LIMITED Notes to the Accounts for the year ended 30 June 2023
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 July 2022
- 
Additions
104,505 
At 30 June 2023
104,505 
Depreciation
Charge for the year
26,126 
At 30 June 2023
26,126 
Net book value
At 30 June 2023
78,379 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,378 
- 
Amounts falling due after more than one year
Other debtors
8,737 
5 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
1,369 
487 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
550,001 Ordinary shares of £1 each
550,001 
550,001 
- 6 -
KAPIE ONE LIMITED Notes to the Accounts for the year ended 30 June 2023
8
Transactions with related parties
During the period, the company made sales of £5,315 (2022 - £Nil) to Sotham Engineering Services Limited, a company in which Mr P R Kerrison is director and shareholder. As at the period end, the company was owed £6,378 (2022 - £Nil) by Sotham Engineering Services Limited.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
- 7 -