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REGISTERED NUMBER: 13831237 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

K5 COMMUNICATIONS LIMITED

K5 COMMUNICATIONS LIMITED (REGISTERED NUMBER: 13831237)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance sheet 1

Notes to the financial statements 3


K5 COMMUNICATIONS LIMITED (REGISTERED NUMBER: 13831237)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 14,400 -
Tangible assets 5 42,280 3,109
56,680 3,109

Current assets
Debtors 6 296,165 88,202
Cash at bank 475,462 135,696
771,627 223,898
Creditors
Amounts falling due within one year 7 457,599 141,243
Net current assets 314,028 82,655
Total assets less current liabilities 370,708 85,764

Provisions for liabilities 9 14,170 591
Net assets 356,538 85,173

Capital and reserves
Called up share capital 10 2 2
Retained earnings 356,536 85,171
Shareholders' funds 356,538 85,173

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

K5 COMMUNICATIONS LIMITED (REGISTERED NUMBER: 13831237)

BALANCE SHEET - continued
31 MARCH 2024


The 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:




Mr K Thomas - Director



Miss S J Warry - Director


K5 COMMUNICATIONS LIMITED (REGISTERED NUMBER: 13831237)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. Statutory information

K5 Communications Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 13831237. The registered office and business address is Unit B13, Headlands Business Park, Salisbury Road, Blashford, Ringwood, BH24 3PB.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents network revenue, support revenue and systems installations measured at the fair value of the consideration received or receivable for the goods supplied or services rendered, net of returns, discounts and value added taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

K5 COMMUNICATIONS LIMITED (REGISTERED NUMBER: 13831237)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. Accounting policies - continued

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 18 (2023 - 8 ) .

4. Intangible fixed assets
Other
intangible
assets
£   
Cost
Additions 18,000
At 31 March 2024 18,000
Amortisation
Charge for year 3,600
At 31 March 2024 3,600
Net book value
At 31 March 2024 14,400

5. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 April 2023 - 4,146 4,146
Additions 11,792 41,472 53,264
At 31 March 2024 11,792 45,618 57,410
Depreciation
At 1 April 2023 - 1,037 1,037
Charge for year 2,948 11,145 14,093
At 31 March 2024 2,948 12,182 15,130
Net book value
At 31 March 2024 8,844 33,436 42,280
At 31 March 2023 - 3,109 3,109

K5 COMMUNICATIONS LIMITED (REGISTERED NUMBER: 13831237)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 274,156 85,172
Other debtors 22,009 3,030
296,165 88,202

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 104,364 59,780
Tax 159,908 42,969
Social security and other taxes 27,875 6,128
Pension liability 2,740 583
VAT 147,856 26,630
Directors' current accounts 11,861 3,653
Accruals and deferred income 2,995 1,500
457,599 141,243

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 38,000 17,100
Between one and five years 152,000 -
In more than five years 28,500 -
218,500 17,100

9. Provisions for liabilities
2024 2023
£    £   
Deferred tax 14,170 591

Deferred
tax
£   
Balance at 1 April 2023 591
Provided during year 13,579
Balance at 31 March 2024 14,170

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

K5 COMMUNICATIONS LIMITED (REGISTERED NUMBER: 13831237)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


11. Ultimate controlling party

The Company is under the control of the Directors, by virtue of their combined 100% holding of the issued voting share capital of the Company.