REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 AUGUST 2023 |
FOR |
KLN SOLUTIONS LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 AUGUST 2023 |
FOR |
KLN SOLUTIONS LTD |
KLN SOLUTIONS LTD (REGISTERED NUMBER: 11013297) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 AUGUST 2023 |
Page |
Balance sheet | 1 |
Notes to the financial statements | 2 |
KLN SOLUTIONS LTD (REGISTERED NUMBER: 11013297) |
BALANCE SHEET |
31 AUGUST 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
Fixed assets |
Investments | 4 |
Current assets |
Debtors | 5 |
Creditors |
Amounts falling due within one year | 6 |
Net current assets |
Total assets less current liabilities |
Capital and reserves |
Called up share capital | 7 |
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. |
In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
KLN SOLUTIONS LTD (REGISTERED NUMBER: 11013297) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 AUGUST 2023 |
1. | Statutory information |
KLN Solutions Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 11013297. The registered office is and business address is This Workspace Echo Building, 18 Albert Road, Bournemouth, BH1 1BZ. |
2. | Accounting policies |
Basis of preparing the financial statements |
These financial statements have been prepared for the 10 month period ending 31 August 2023, in order to align with the accounting reference dates of the other group companies. Therefore the comparative figures within these financial statements are not entirely comparable to the figures of the current period. |
Preparation of consolidated financial statements |
The financial statements contain information about KLN Solutions Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
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. |
Financial instruments |
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities. |
At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate. |
3. | Employees and directors |
The average number of employees during the period was |
KLN SOLUTIONS LTD (REGISTERED NUMBER: 11013297) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 AUGUST 2023 |
4. | Fixed asset investments |
Shares in |
group |
undertakings |
£ |
Cost |
At 1 November 2022 |
and 31 August 2023 |
Net book value |
At 31 August 2023 |
At 31 October 2022 |
5. | Debtors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Directors' current accounts | 441,859 | 111,504 |
Tax |
6. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Amounts owed to group undertakings |
Tax |
7. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary A & B | £1 | 100 | 100 |
Ordinary C | £1 | 2 | 2 |
Ordinary D | £1 | 2 | 2 |
104 | 104 |
8. | Directors' advances, credits and guarantees |
The following advances and credits to directors subsisted during the period ended 31 August 2023 and the year ended 31 October 2022: |
2023 | 2022 |
£ | £ |
Balance outstanding at start of period |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |
KLN SOLUTIONS LTD (REGISTERED NUMBER: 11013297) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 AUGUST 2023 |
8. | Directors' advances, credits and guarantees - continued |
Balance outstanding at start of period |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |
At the balance sheet date the Director, Mr B Walliman owed the company £242,656 (2022 £77,708). At the balance sheet date the Director, Mr A Shepherd owed the company £199,203, (2022 £33,796). |
9. | Ultimate controlling party |
KLN Solutions Limited is controlled by the directors who between them own 100% of the issued share capital with voting rights. |