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REGISTERED NUMBER: 08936230 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

KYRO (SUSSEX) LIMITED

KYRO (SUSSEX) LIMITED (REGISTERED NUMBER: 08936230)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KYRO (SUSSEX) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: P J Blenkarn





REGISTERED OFFICE: 28 Fourth Avenue
Hove
BN3 2PJ





REGISTERED NUMBER: 08936230 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

KYRO (SUSSEX) LIMITED (REGISTERED NUMBER: 08936230)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,000 -
Tangible assets 5 38,473 35,444
48,473 35,444

CURRENT ASSETS
Debtors 6 3,405 14,014
Cash at bank 121,603 205,087
125,008 219,101
CREDITORS
Amounts falling due within one year 7 54,685 94,710
NET CURRENT ASSETS 70,323 124,391
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,796

159,835

CREDITORS
Amounts falling due after more than one
year

8

-

(854

)

PROVISIONS FOR LIABILITIES (6,328 ) (7,216 )
NET ASSETS 112,468 151,765

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 112,367 151,664
112,468 151,765

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 director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2024 and were signed by:




P J Blenkarn - Director


KYRO (SUSSEX) LIMITED (REGISTERED NUMBER: 08936230)

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

1. STATUTORY INFORMATION

Kyro (Sussex) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 fees receivable from the provision of chiropractic services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% 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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

KYRO (SUSSEX) LIMITED (REGISTERED NUMBER: 08936230)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 10,000
At 31 March 2024 10,000
NET BOOK VALUE
At 31 March 2024 10,000

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 8,224 24,339 26,560 3,117 62,240
Additions 8,224 275 417 379 9,295
At 31 March 2024 16,448 24,614 26,977 3,496 71,535
DEPRECIATION
At 1 April 2023 1,644 9,355 13,062 2,735 26,796
Charge for year 1,644 2,289 2,057 276 6,266
At 31 March 2024 3,288 11,644 15,119 3,011 33,062
NET BOOK VALUE
At 31 March 2024 13,160 12,970 11,858 485 38,473
At 31 March 2023 6,580 14,984 13,498 382 35,444

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 11,769
Prepayments 3,405 2,245
3,405 14,014

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 804 1,908
Trade creditors 8,554 -
Tax - 20,534
Social security and other taxes (7 ) (6 )
Other creditors 5,650 19,500
Pensions due 127 261
Directors' loan accounts 37,576 50,592
Accrued expenses 1,981 1,921
54,685 94,710

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 854

KYRO (SUSSEX) LIMITED (REGISTERED NUMBER: 08936230)

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

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, P Blenkarn decreased his loan to the company. As at 31 March 2024, the company owed him £37,576 (2023: £50,592). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The controlling party is P J Blenkarn.

This was by virtue of his 99% holding of the issued share capital.