Registration number:
Kage Systems Ltd.
for the Year Ended 31 December 2023
Kage Systems Ltd.
(Registration number: 07940930)
Balance Sheet as at 31 December 2023
Note |
2023 |
2022 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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|
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Provisions for liabilities |
- |
( |
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Net assets |
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Capital and reserves |
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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 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
Kage Systems Ltd.
(Registration number: 07940930)
Balance Sheet as at 31 December 2023
......................................... |
Kage Systems Ltd.
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
UK
The principal place of business is:
12 – 14 Avenue Louis Armand
95 120 Ermont
France
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
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 |
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Kage Systems Ltd.
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Tangible assets |
Plant and machinery |
Computer equipment |
Total |
|
Cost or valuation |
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At 1 January 2023 |
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Disposals |
- |
( |
( |
At 31 December 2023 |
|
- |
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Depreciation |
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At 1 January 2023 |
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Charge for the year |
|
- |
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Eliminated on disposal |
- |
( |
( |
At 31 December 2023 |
|
- |
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Carrying amount |
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At 31 December 2023 |
|
- |
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At 31 December 2022 |
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Debtors |
2023 |
2022 |
|
Trade debtors |
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Other debtors |
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Kage Systems Ltd.
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
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Due within one year |
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Other creditors |
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Parent and ultimate parent undertaking |
The company's immediate parent is
The registered address of Altilink is 10 Avenue Louise Armand, Ermont, France, 95120.