The Kinetic Employee Benefit Trust Limited
Notes to the Financial Statements
For the year ended 31 March 2024
The Kinetic Employee Benefit Trust Limited is a private company limited by share capital incorporated in England & Wales, company number 03248307. The address of the registered office and the principal place of business is Lancastrian Office Centre, Talbot Road, Stretford, Manchester M32 0FP.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
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Cash and cash equivalents
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The company is a wholly owned subsidiary undertaking of Kinetic Recruitment Services Limited. The ultimate parent undertaking of the group is Kinetic PLC, a company incorporated in Great Britain and registered in England and Wales.
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