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Registered number: 09539801
Kyko Limited
Financial Statements
For The Year Ended 30 April 2023
MSE Business Management LLP
Association of Chartered Certified Accountants
1st Floor
104 Oxford Street
London
Greater London
W1D 1LP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09539801
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 481 -
481 -
CURRENT ASSETS
Debtors 5 10,056 5,367
Cash at bank and in hand 441 1,145
10,497 6,512
Creditors: Amounts Falling Due Within One Year 6 (13,455 ) (6,985 )
NET CURRENT ASSETS (LIABILITIES) (2,958 ) (473 )
TOTAL ASSETS LESS CURRENT LIABILITIES (2,477 ) (473 )
NET LIABILITIES (2,477 ) (473 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (2,577 ) (573 )
SHAREHOLDERS' FUNDS (2,477) (473)
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For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Scott Verrill
Director
16/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Kyko Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09539801 . The registered office is 1st Floor, 104 Oxford Street, London, W1D 1LP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight line
2.5. Financial Instruments
The company has only basic financial instruments.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities
Basic financial liabilities, which include creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transactions.
2.6. Taxation
Corporation tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 May 2022 -
Additions 641
As at 30 April 2023 641
Depreciation
As at 1 May 2022 -
Provided during the period 160
As at 30 April 2023 160
Net Book Value
As at 30 April 2023 481
As at 1 May 2022 -
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 420 1,050
Prepayments and accrued income - 2,540
Other debtors 5,444 32
Corporation tax recoverable assets 341 -
Director's loan account 3,851 1,745
10,056 5,367
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,500 1,856
Corporation tax 1,069 341
VAT 4,435 3,388
Other creditors 1,701 -
Accruals and deferred income 4,750 1,400
13,455 6,985
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2022 Amounts advanced Amounts repaid Amounts written off As at 30 April 2023
£ £ £ £ £
Mr Scott Verrill 1,745 6,698 (4,592 ) - 3,851
The above loan is unsecured and repayable on demand. Interest at the rate of 2% has been charged by the company on the loan. The above loan has been repaid in full post year end 
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