REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 MAY 2022 TO 30 JUNE 2023 |
FOR |
KLOODLE LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) | ( |
) |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Share premium |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 |
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 |
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 |
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 - |
4. | TANGIBLE FIXED ASSETS |
Plant and | Computer |
machinery | equipment | Totals |
£ | £ | £ |
COST |
At 1 May 2022 |
and 30 June 2023 |
DEPRECIATION |
At 1 May 2022 |
Charge for period |
At 30 June 2023 |
NET BOOK VALUE |
At 30 June 2023 |
At 30 April 2022 |
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 |
VAT |
Called up share capital not paid |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.23 | 30.4.22 |
£ | £ |
Bank loans and overdrafts |
Other loans |
Social security and other taxes |
VAT | 3,618 | - |
Directors' current accounts | 6,103 | 15,895 |
Accruals and deferred income |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.6.23 | 30.4.22 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
Bank loans more 5 yr by instal |
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 |
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 |