2023-08-01 2024-07-31 false Capium Accounts Production 1.1 04470080 bus:FullAccounts 2023-08-01 2024-07-31 04470080 bus:FRS102 2023-08-01 2024-07-31 04470080 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 04470080 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 04470080 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04470080 2023-08-01 2024-07-31 04470080 2024-07-31 04470080 bus:RegisteredOffice 2023-08-01 2024-07-31 04470080 core:WithinOneYear 2024-07-31 04470080 core:AfterOneYear 2024-07-31 04470080 bus:Director1 2023-08-01 2024-07-31 04470080 bus:Director1 2024-07-31 04470080 bus:Director1 2022-08-01 2023-07-31 04470080 2022-08-01 04470080 bus:LeadAgentIfApplicable 2023-08-01 2024-07-31 04470080 2022-08-01 2023-07-31 04470080 2023-07-31 04470080 core:WithinOneYear 2023-07-31 04470080 core:AfterOneYear 2023-07-31 04470080 bus:EntityAccountantsOrAuditors 2022-08-01 2023-07-31 04470080 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 04470080 bus:OrdinaryShareClass1 2024-07-31 04470080 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 04470080 bus:OrdinaryShareClass1 2023-07-31 04470080 core:PlantMachinery 2023-08-01 2024-07-31 04470080 core:PlantMachinery 2024-07-31 04470080 core:PlantMachinery 2023-07-31 04470080 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-07-31 04470080 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-07-31 04470080 core:CostValuation core:Non-currentFinancialInstruments 2024-07-31 04470080 core:CostValuation core:Non-currentFinancialInstruments 2023-07-31 04470080 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-07-31 04470080 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-07-31 04470080 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-07-31 04470080 core:Non-currentFinancialInstruments 2024-07-31 04470080 core:Non-currentFinancialInstruments 2023-07-31 04470080 core:ShareCapital 2024-07-31 04470080 core:ShareCapital 2023-07-31 04470080 core:RetainedEarningsAccumulatedLosses 2024-07-31 04470080 core:RetainedEarningsAccumulatedLosses 2023-07-31 04470080 core:ShareCapitalOrdinaryShares 2023-08-01 04470080 core:ShareCapitalOrdinaryShares 2022-08-01 04470080 core:ShareCapitalOrdinaryShares 2023-08-01 2024-07-31 04470080 core:ShareCapitalOrdinaryShares 2022-08-01 2023-07-31 04470080 core:ShareCapitalOrdinaryShares 2024-07-31 04470080 core:ShareCapitalOrdinaryShares 2023-07-31 04470080 core:RetainedEarningsAccumulatedLosses 2023-08-01 04470080 core:RetainedEarningsAccumulatedLosses 2022-08-01 04470080 core:RetainedEarningsAccumulatedLosses 2023-08-01 2024-07-31 04470080 core:RetainedEarningsAccumulatedLosses 2022-08-01 2023-07-31 04470080 core:RetainedEarningsAccumulatedLosses 2024-07-31 04470080 core:RetainedEarningsAccumulatedLosses 2023-07-31 04470080 dpl:Item1 2023-08-01 04470080 dpl:Item1 2024-07-31 04470080 dpl:Item1 2022-08-01 04470080 dpl:Item1 2023-07-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 04470080
England and Wales

 

 

 

KINETIC INTERNET LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 August 2023

End date: 31 July 2024
Director D C Heales
Registered Number 04470080
Registered Office Lodge Park
Lodge Lane
Colchester
Essex
CO4 5NE
Accountants Bowgen Limited
274 Ipswich Road
Colchester
Essex
CO4 0ES
1
Director's report and financial statements
The director presents his annual report and the financial statements for the year ended 31 July 2024.
Principal activities
Principal activity of the company during the financial year was of IT consultancy.
Director
The director who served the company throughout the year was as follows:
D C Heales
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
D C Heales
Director

Date approved: 24 August 2024
2
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Kinetic Internet Limited for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Kinetic Internet Limited for the year ended 31 July 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of Kinetic Internet Limited , as a body, in accordance with the terms of our engagement letter dated 24 August 2024. Our work has been undertaken solely to prepare for your approval the accounts of Kinetic Internet Limited and state those matters that we have agreed to state to the Board of Directors of Kinetic Internet Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kinetic Internet Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Kinetic Internet Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Kinetic Internet Limited . You consider that Kinetic Internet Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Kinetic Internet Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 July 2024



....................................................
Bowgen Limited
274 Ipswich Road
Colchester
Essex
CO4 0ES
24 August 2024
3
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 55,516    44,902 
55,516    44,902 
Current assets      
Debtors 4 52,332    61,415 
Cash at bank and in hand 18,861    7,784 
71,193    69,199 
Creditors: amount falling due within one year 5 (14,696)   (16,563)
Net current assets 56,497    52,636 
 
Total assets less current liabilities 112,013    97,538 
Creditors: amount falling due after more than one year 6 (41,872)   (35,872)
Net assets 70,141    61,666 
 

Capital and reserves
     
Called up share capital 7 1    1 
Profit and loss account 70,140    61,665 
Shareholders' funds 70,141    61,666 
 


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

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 24 August 2024 and were signed by:


-------------------------------
D C Heales
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 August 2022 1  49,467  49,468 
Profit for the year 48,198  48,198 
Total comprehensive income for the year 48,198  48,198 
Dividends (36,000) (36,000)
Total investments by and distributions to owners (36,000) (36,000)
At 31 July 2023 1  61,665  61,666 
At 01 August 2023 1  61,665  61,666 
Profit for the year 42,475  42,475 
Total comprehensive income for the year 42,475  42,475 
Dividends (34,000) (34,000)
Total investments by and distributions to owners (34,000) (34,000)
At 31 July 2024 1  70,140  70,141 
5
General Information
Kinetic Internet Limited is a private company, limited by shares, registered in England and Wales, registration number 04470080, registration address Lodge Park, Lodge Lane, Colchester, Essex, CO4 5NE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20 Reducing Balance
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 August 2023 85,779    85,779 
Additions 24,493    24,493 
Disposals  
At 31 July 2024 110,272    110,272 
Depreciation
At 01 August 2023 40,877    40,877 
Charge for year 13,879    13,879 
On disposals  
At 31 July 2024 54,756    54,756 
Net book values
Closing balance as at 31 July 2024 55,516    55,516 
Opening balance as at 01 August 2023 44,902    44,902 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Debtors 52,332    61,415 
52,332    61,415 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Creditors 1,214    1,262 
Corporation tax 7,473    9,757 
PAYE and social security 627    318 
VAT 5,382    5,226 
14,696    16,563 

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Directors' loan accounts 41,872    35,872 
41,872    35,872 

7.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1 Class A share of £1.00 each  
 

6