Company registration number 02657426 (England and Wales)
KIOSKS4BUSINESS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
KIOSKS4BUSINESS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
KIOSKS4BUSINESS LTD
BALANCE SHEET
AS AT 30 JUNE 2023
30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
288,531
250,079
Tangible assets
4
9,167
1,212
297,698
251,291
Current assets
Stocks
129,000
157,000
Debtors
5
190,294
58,446
Cash at bank and in hand
2,260
108
321,554
215,554
Creditors: amounts falling due within one year
6
(334,718)
(228,145)
Net current liabilities
(13,164)
(12,591)
Total assets less current liabilities
284,534
238,700
Creditors: amounts falling due after more than one year
7
(85,778)
(117,111)
Net assets
198,756
121,589
Capital and reserves
Called up share capital
8
2
2
Profit and loss reserves
198,754
121,587
Total equity
198,756
121,589

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

KIOSKS4BUSINESS LTD
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023
30 June 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 11 March 2024
Mr N S Lidington
Director
Company registration number 02657426 (England and Wales)
KIOSKS4BUSINESS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
1
Accounting policies
Company information

Kiosks4Business Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 12 Beenham Grange Business Park, Grange Lane, Beenham, Reading, Berkshire, England, RG75PP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is measured at the fair value of consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.3
Research and development expenditure

Research expenditure is written off in the year in which it is incurred. Development expenditure is written on in the same way unless the directors are satisfied as to the technical,commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period which the company is expected to benefit.

1.4
Intangible fixed assets other than goodwill

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Development costs
Over the life of the product
1.5
Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
10% on cost
Plant and equipment
33% on cost
Fixtures and fittings
20% on cost
Computer equipment
20% on cost
1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

KIOSKS4BUSINESS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
4
7
KIOSKS4BUSINESS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 5 -
3
Intangible fixed assets
Other
£
Cost
At 1 July 2022
617,903
Additions
60,996
At 30 June 2023
678,899
Amortisation and impairment
At 1 July 2022
367,824
Amortisation charged for the year
22,544
At 30 June 2023
390,368
Carrying amount
At 30 June 2023
288,531
At 30 June 2022
250,079
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 July 2022
-
0
3,561
3,561
Additions
8,199
633
8,832
At 30 June 2023
8,199
4,194
12,393
Depreciation and impairment
At 1 July 2022
-
0
2,349
2,349
Depreciation charged in the year
68
809
877
At 30 June 2023
68
3,158
3,226
Carrying amount
At 30 June 2023
8,131
1,036
9,167
At 30 June 2022
-
0
1,212
1,212
KIOSKS4BUSINESS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 6 -
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
134,178
38,446
Other debtors
56,116
20,000
190,294
58,446
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
53,306
39,281
Trade creditors
106,238
62,552
Taxation and social security
22,563
11,384
Other creditors
152,611
114,928
334,718
228,145
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
85,778
117,111
8
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
2
2
2
2
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