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Registered Number: 12185393
England & Northern Ireland

 

 

 

KITE TELECOMS LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 October 2022

End date: 29 September 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 1,016    341 
1,016    341 
Current assets      
Debtors 4 16,237    3,907 
Cash at bank and in hand 2,773    7,269 
19,010    11,176 
Creditors: amount falling due within one year 5 (21,075)   (11,303)
Net current assets (2,065)   (127)
 
Total assets less current liabilities (1,049)   214 
Net assets (1,049)   214 
 

Capital and reserves
     
Called up share capital 6 100    100 
Profit and loss account (1,149)   114 
Shareholders' funds (1,049)   214 
 


For the period ended 29 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge 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 board of directors on 26 September 2024 and were signed on its behalf by:


-------------------------------
Robert Michael MCcConnell
Director
1
General Information
Kite Telecoms Ltd is a private company, limited by shares, registered in England & Northern Ireland, registration number 12185393, registration address 198 Liverpool Rd, Cadishead, Manchester, Greater Manchester, M445DB.

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.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
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:
Fixtures and Fittings 30% Reducing Balance
Computer Equipment 30% Reducing Balance
2.

Average number of employees

Average number of employees during the period was 2 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 October 2022 163    192    74    429 
Additions 465    546    99    1,110 
Disposals      
At 29 September 2023 628    738    173    1,539 
Depreciation
At 01 October 2022   61    27    88 
Charge for period 188    203    44    435 
On disposals      
At 29 September 2023 188    264    71    523 
Net book values
Closing balance as at 29 September 2023 440    474    102    1,016 
Opening balance as at 01 October 2022 163    131    47    341 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 7,438    480 
Called up Share Capital Not Paid 2    2 
Director's Current Accounts - Benjamin Mulholland 8,797    3,425 
16,237    3,907 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 44    44 
Corporation Tax   105 
Directors' Current Accounts - Robert McConnell 18,868    9,324 
VAT 2,163    1,830 
21,075    11,303 

6.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 ORD shares of £1.00 each 100    100 
100    100 

2