Kepler Communications UK Ltd 10224119 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is wireless telecommunications. Digita Accounts Production Advanced 6.30.9574.0 true true 10224119 2023-04-01 2024-03-31 10224119 2024-03-31 10224119 core:CurrentFinancialInstruments 2024-03-31 10224119 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 10224119 core:OfficeEquipment 2024-03-31 10224119 bus:SmallEntities 2023-04-01 2024-03-31 10224119 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10224119 bus:FilletedAccounts 2023-04-01 2024-03-31 10224119 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10224119 bus:RegisteredOffice 2023-04-01 2024-03-31 10224119 bus:CompanySecretaryDirector1 2023-04-01 2024-03-31 10224119 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10224119 core:OfficeEquipment 2023-04-01 2024-03-31 10224119 countries:EnglandWales 2023-04-01 2024-03-31 10224119 2023-03-31 10224119 core:OfficeEquipment 2023-03-31 10224119 2022-04-01 2023-03-31 10224119 2023-03-31 10224119 core:CurrentFinancialInstruments 2023-03-31 10224119 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 10224119 core:OfficeEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 10224119

Kepler Communications UK Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Kepler Communications UK Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Kepler Communications UK Ltd

(Registration number: 10224119)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

37

Current assets

 

Debtors

143

-

Cash at bank and in hand

 

88,651

57,085

 

88,794

57,085

Creditors: Amounts falling due within one year

5

(1,106,847)

(670,470)

Net current liabilities

 

(1,018,053)

(613,385)

Net liabilities

 

(1,018,053)

(613,348)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(1,018,054)

(613,349)

Shareholders' deficit

 

(1,018,053)

(613,348)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 August 2024 and signed on its behalf by:
 

.........................................
Mr Mina Mitry
Company secretary and director

 

Kepler Communications UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis as the parent company Kepler Communications Inc has confirmed they will continue to support the entity for a period of twelve months from the date the financial statements are signed.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of wireless telecommuncation services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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 current income 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.

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.

 

Kepler Communications UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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

Office equipment

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for services in respect of satelite telecommunications activities.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

Kepler Communications UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 April 2023

219

219

At 31 March 2024

219

219

Depreciation

At 1 April 2023

182

182

Charge for the year

37

37

At 31 March 2024

219

219

Carrying amount

At 31 March 2024

-

-

At 31 March 2023

37

37

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

6,000

6,000

Amounts owed to related parties

1,078,110

646,630

Taxation and social security

 

16,283

10,916

Other creditors

 

6,454

6,924

 

1,106,847

670,470


6 Controlling Party

Kepler Communications Limited is a 100% owned subsidary of Kepler Communications Inc.

At the balance sheet date the amount owed to Kepler Communications Inc was £1,078,110 (2023: £646,630).