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REGISTERED NUMBER: 08497166 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2022 TO 30 JUNE 2023

FOR

KLOODLE LIMITED

KLOODLE LIMITED (REGISTERED NUMBER: 08497166)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 May 2022 to 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KLOODLE LIMITED

COMPANY INFORMATION
for the Period 1 May 2022 to 30 June 2023







DIRECTORS: Mr A D Donnelly
Mr P L Hayes





REGISTERED OFFICE: 100 Barbirolli Square
Manchester
M2 3BD





REGISTERED NUMBER: 08497166 (England and Wales)





ACCOUNTANTS: KJG
100 Barbirolli Square
Manchester
M2 3BD

KLOODLE LIMITED (REGISTERED NUMBER: 08497166)

BALANCE SHEET
30 June 2023

30.6.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,903 2,482

CURRENT ASSETS
Debtors 5 23,707 8,265
Cash at bank 1,979 2,110
25,686 10,375
CREDITORS
Amounts falling due within one year 6 50,992 41,573
NET CURRENT LIABILITIES (25,306 ) (31,198 )
TOTAL ASSETS LESS CURRENT LIABILITIES (23,403 ) (28,716 )

CREDITORS
Amounts falling due after more than one
year

7

4,812

7,499
NET LIABILITIES (28,215 ) (36,215 )

CAPITAL AND RESERVES
Called up share capital 9 30,003 30,003
Share premium 336,998 336,998
Retained earnings (395,216 ) (403,216 )
SHAREHOLDERS' FUNDS (28,215 ) (36,215 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 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.

KLOODLE LIMITED (REGISTERED NUMBER: 08497166)

BALANCE SHEET - continued
30 June 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 29 March 2024 and were signed on its behalf by:





Mr P L Hayes - Director


KLOODLE LIMITED (REGISTERED NUMBER: 08497166)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 May 2022 to 30 June 2023


1. STATUTORY INFORMATION

Kloodle Limited is a private company limited by share capital, incorporated in England and Wales, registration number 08497166. The address of the registered office is 100 Barbirolli Square, Manchester, United Kingdom, M2 3BD and principle place of business is 12 Greenhalgh Moss Lane, Bury, Lancashire, England, BL8 1TZ.

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.

At the reporting date, the company's liabilities exceed its assets. The company has received assurance from the directors that they will continue to give financial support to the company for twelve months from the date of approval of these financial statements. On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis.

Turnover
Turnover is measured as the fair value of the consideration received or receivable, excluding value added tax.
Turnover principally consists of social network platform for students to record work experience, employability, skill development and academic achievement. which is recognised at the point of which the services are provided

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis:

Computer Equipment - 20% on reducing balance
Plant and Machinery - 20% on straight line

The residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with carrying amount and are recognised in profit and loss.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.


KLOODLE LIMITED (REGISTERED NUMBER: 08497166)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 May 2022 to 30 June 2023


2. ACCOUNTING POLICIES - continued
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 period 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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents
Cash and cash equivalents are represented by cash at bank.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they stated at cost.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 May 2022
and 30 June 2023 583 8,090 8,673
DEPRECIATION
At 1 May 2022 583 5,608 6,191
Charge for period - 579 579
At 30 June 2023 583 6,187 6,770
NET BOOK VALUE
At 30 June 2023 - 1,903 1,903
At 30 April 2022 - 2,482 2,482

KLOODLE LIMITED (REGISTERED NUMBER: 08497166)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 May 2022 to 30 June 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.4.22
£    £   
Trade debtors 18,360 914
VAT - 2,004
Called up share capital not paid 5,347 5,347
23,707 8,265

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.4.22
£    £   
Bank loans and overdrafts 2,336 1,929
Other loans 12,300 12,300
Social security and other taxes 8,775 8,781
VAT 3,618 -
Directors' current accounts 6,103 15,895
Accruals and deferred income 15,000 -
Accrued expenses 2,860 2,668
50,992 41,573

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.4.22
£    £   
Bank loans - 1-2 years 2,033 1,978
Bank loans - 2-5 years 2,779 4,989
Bank loans more 5 yr by instal - 532
4,812 7,499

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 532

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.4.22
£    £   
Other loans 12,300 12,300

Private Banking Training Ltd holds a charge, dated 30 April 2021 over all intellectual property, assets and undertakings of the company.

KLOODLE LIMITED (REGISTERED NUMBER: 08497166)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 May 2022 to 30 June 2023


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:


Number:

Class
Nominal
Value:

2021


2020
£ £
826 Ordinary A £1.00 826 826
847 Ordinary B £1.00 847 847
15,000 Ordinary C £1.00 15,000 15,000
13,330 Ordinary £1.00 13,330 13,330
30,003 30,003