Kictec Limited 10650906 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is IT consultancy services. Digita Accounts Production Advanced 6.30.9574.0 true 10650906 2023-04-01 2024-03-31 10650906 2024-03-31 10650906 core:CurrentFinancialInstruments 2024-03-31 10650906 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 10650906 core:OfficeEquipment 2024-03-31 10650906 bus:SmallEntities 2023-04-01 2024-03-31 10650906 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10650906 bus:FullAccounts 2023-04-01 2024-03-31 10650906 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10650906 bus:RegisteredOffice 2023-04-01 2024-03-31 10650906 bus:Director1 2023-04-01 2024-03-31 10650906 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10650906 core:OfficeEquipment 2023-04-01 2024-03-31 10650906 countries:EnglandWales 2023-04-01 2024-03-31 10650906 2023-03-31 10650906 core:OfficeEquipment 2023-03-31 10650906 2022-04-01 2023-03-31 10650906 2023-03-31 10650906 core:CurrentFinancialInstruments 2023-03-31 10650906 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 10650906 core:OfficeEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 10650906

Kictec Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Kictec Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Kictec Limited

(Registration number: 10650906)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

211

281

Current assets

 

Debtors

5

92

84

Cash at bank and in hand

 

73,295

89,493

 

73,387

89,577

Creditors: Amounts falling due within one year

6

(3,662)

(4,628)

Net current assets

 

69,725

84,949

Net assets

 

69,936

85,230

Capital and reserves

 

Called up share capital

1

1

Retained earnings

69,935

85,229

Shareholders' funds

 

69,936

85,230

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.

Director's 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 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 August 2024
 

.........................................
Mr Khalid Ichouan
Director

 

Kictec Limited

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of IT consultancy 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.

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:

 

Kictec Limited

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

Asset class

Depreciation method and rate

Office Equipment

25% reducing balance basis

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 merchandise sold or services performed in the ordinary course of business.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 April 2023

541

541

At 31 March 2024

541

541

Depreciation

At 1 April 2023

260

260

Charge for the year

70

70

At 31 March 2024

330

330

Carrying amount

At 31 March 2024

211

211

At 31 March 2023

281

281

 

Kictec Limited

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

5

Debtors

Current

2024
£

2023
£

Other debtors

92

84

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

379

349

Other creditors

3,283

4,279

3,662

4,628

7

Related party transactions

Other transactions with the director

As at 31st March 2024, the company owed the Director, Khalid Ichouan £3,283 (2023: £4,279)