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Registration number: 07940930

Kage Systems Ltd.

Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Kage Systems Ltd.

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Kage Systems Ltd.

(Registration number: 07940930)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

9

272

Current assets

 

Debtors

5

30,787

18,718

Cash at bank and in hand

 

2,033

8,672

 

32,820

27,390

Creditors: Amounts falling due within one year

6

(2,277)

(2,552)

Net current assets

 

30,543

24,838

Total assets less current liabilities

 

30,552

25,110

Provisions for liabilities

-

(52)

Net assets

 

30,552

25,058

Capital and reserves

 

Called up share capital

2,500

2,500

Profit and loss account

28,052

22,558

Shareholders' funds

 

30,552

25,058

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account or the Directors report has been taken.

Approved and authorised by the director on 29 July 2024
 

 

Kage Systems Ltd.

(Registration number: 07940930)
Balance Sheet as at 31 December 2023

.........................................
Mr J Gault
Director

 

Kage Systems Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

The principal place of business is:
12 – 14 Avenue Louis Armand
95 120 Ermont
France

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Kage Systems Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured. Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises of current and deferred tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% on reducing balance

Computer equipment

25% on reducing balance

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Kage Systems Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Plant and machinery
£

Computer equipment
£

Total
£

Cost or valuation

At 1 January 2023

280

2,552

2,832

Disposals

-

(2,552)

(2,552)

At 31 December 2023

280

-

280

Depreciation

At 1 January 2023

268

2,292

2,560

Charge for the year

3

-

3

Eliminated on disposal

-

(2,292)

(2,292)

At 31 December 2023

271

-

271

Carrying amount

At 31 December 2023

9

-

9

At 31 December 2022

12

260

272

5

Debtors

2023
£

2022
£

Trade debtors

17,746

6,077

Other debtors

13,041

12,641

30,787

18,718

 

Kage Systems Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Other creditors

2,277

2,552

7

Parent and ultimate parent undertaking

The company's immediate parent is Altilink, incorporated in France.

 The registered address of Altilink is 10 Avenue Louise Armand, Ermont, France, 95120.