Registered Number:10957407 |
For the year ended 30 September 2023
England and Wales
Unaudited Financial Statements
For the year ended 30 September 2023
Kinetic Alliance Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Kinetic Alliance Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
352
891
2
352
891
Trade and other receivables |
91,578
77,873
3
72,030
Cash and cash equivalents |
30,777
108,650
163,608
Trade and other payables: amounts falling due within one |
year |
(84,161)
(91,677)
4
79,447
16,973
Net current assets
Total assets less current liabilities |
17,325
80,338
Trade and other payables: amounts falling due after more |
than one year |
(24,000)
(15,000)
5
2,325
Net assets
56,338
300
300
2,025
56,038
2,325
56,338
Shareholders' funds
For the year ended 30 September 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 of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Thomas Roberts Director |
Mr Stuart Roberts Director |
These financial statements were approved and authorised for issue by the Board on 16 April 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 September 2023
Kinetic Alliance Limited
Notes to the Financial Statements
Statutory Information
Kinetic Alliance Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 10957407. |
Office 2C/D
470 Bath Road
Bristol
BS4 3AP
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. An appropriate amount is included for work performed during the year but not yet invoiced at the balance sheet date. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer Equipment
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 30 September 2023
Kinetic Alliance Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
9,010
8,689
321
321
8,689
9,010
Provision for depreciation and impairment |
8,119
7,916
203
Charge for year
539
474
65
8,658
8,390
268
53
299
352
118
773
891
3. Trade and other receivables |
2022
2023
24,622
83,977
Prepayments and accrued income |
5,100
5,100
Amounts owed by directors |
36,001
-
Taxation and social security |
-
2,501
12,150
-
91,578
77,873
The debtors above include the following amounts falling due after more than one year: |
12,150
-
4. Trade and other payables: amounts falling due within one year |
2022
2023
9,000
9,000
Taxation and social security |
50,852
45,053
Accruals and deferred income |
30,944
25,634
-
4,076
881
398
91,677
84,161
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For the year ended 30 September 2023
Kinetic Alliance Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year |
2022
2023
15,000
24,000
6. Related party transactions |
During the year the director received loans of £11955. The loans incur interest at 2.25% and are repayable on |
demand |
The amount oustanding at the balance sheet date was £11,955 (2021: £0). |
During the year the director received loans of £11939. The loans incur interest at 2.25% and are repayable on |
demand |
The amount oustanding at the balance sheet date was £11,939 (2022: £0). |
During the year the director received loans of £12105. The loans incur interest at 2.25% and are repayable on |
demand |
The amount oustanding at the balance sheet date was £12,105 (2022: £0). |
7. Average number of persons employed |
During the year the average number of employees was 5 (2022 : 5)
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