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Company Registration No. 13454044 (England and Wales)
Kennek Solutions Ltd Unaudited accounts for the year ended 31 March 2024
Kennek Solutions Ltd Unaudited accounts Contents
Page
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Kennek Solutions Ltd Company Information for the year ended 31 March 2024
Directors
Xavier De Pauw Thibault Lancksweert Edmund Parsons
Company Number
13454044 (England and Wales)
Registered Office
25 Wilton Road Victoria London SW1V 1LW
Accountants
Sleek Accounting Ltd 107 Kirkgate Leeds West Yorkshire LS1 6DP
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Kennek Solutions Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
31,439 
17,180 
Current assets
Debtors
702,872 
224,906 
Cash at bank and in hand
3,987,575 
818,690 
4,690,447 
1,043,596 
Creditors: amounts falling due within one year
(174,814)
(214,357)
Net current assets
4,515,633 
829,239 
Total assets less current liabilities
4,547,072 
846,419 
Creditors: amounts falling due after more than one year
- 
(2,024,993)
Net assets/(liabilities)
4,547,072 
(1,178,574)
Capital and reserves
Called up share capital
229 
131 
Share premium
11,050,067 
1,829,755 
Profit and loss account
(6,503,224)
(3,008,460)
Shareholders' funds
4,547,072 
(1,178,574)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by
Thibault Lancksweert Director Company Registration No. 13454044
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Kennek Solutions Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Kennek Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 13454044. The registered office is 25 Wilton Road, Victoria, London, SW1V 1LW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% straight line
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
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Kennek Solutions Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
654 
20,801 
21,455 
Additions
- 
23,083 
23,083 
At 31 March 2024
654 
43,884 
44,538 
Depreciation
At 1 April 2023
58 
4,217 
4,275 
Charge for the year
119 
8,705 
8,824 
At 31 March 2024
177 
12,922 
13,099 
Net book value
At 31 March 2024
477 
30,962 
31,439 
At 31 March 2023
596 
16,584 
17,180 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
59,206 
27,463 
Trade debtors
14,400 
3,600 
Accrued income and prepayments
194,611 
186,679 
Other debtors
434,655 
7,164 
702,872 
224,906 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
87,922 
212,582 
Other creditors
4,824 
1,775 
Accruals
82,068 
- 
174,814 
214,357 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
- 
2,024,993 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2,288,314 Ordinary shares of £0.0001 each
228.83 
131.80 
Shares issued during the period:
970,295 Ordinary shares of £0.0001 each
97.02 
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Kennek Solutions Ltd Notes to the Accounts for the year ended 31 March 2024
9
Average number of employees
During the year the average number of employees was 13 (2023: 10).
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