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REGISTERED NUMBER: 03918138 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Kaleidoscope Commerce Limited

Kaleidoscope Commerce Limited (Registered number: 03918138)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Kaleidoscope Commerce Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J Doherty





REGISTERED OFFICE: 131-133 Roman Road
Mountnessing
Brentwood
Essex
CM15 0UD





REGISTERED NUMBER: 03918138 (England and Wales)





ACCOUNTANTS: Sterlings Accountancy Solutions Limited
131-133 Roman Road
Mountnessing
Brentwood
Essex
CM15 0UD

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Kaleidoscope Commerce Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kaleidoscope Commerce Limited for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Kaleidoscope Commerce Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kaleidoscope Commerce Limited and state those matters that we have agreed to state to the director of Kaleidoscope Commerce Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kaleidoscope Commerce Limited and its director for our work or for this report.

It is your duty to ensure that Kaleidoscope Commerce Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Kaleidoscope Commerce Limited. You consider that Kaleidoscope Commerce Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kaleidoscope Commerce Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sterlings Accountancy Solutions Limited
131-133 Roman Road
Mountnessing
Brentwood
Essex
CM15 0UD


1 October 2024

Kaleidoscope Commerce Limited (Registered number: 03918138)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 129,282 70,141
129,283 70,142

CURRENT ASSETS
Debtors 6 177,716 177,241
Cash at bank 402 21,404
178,118 198,645
CREDITORS
Amounts falling due within one year 7 281,326 184,623
NET CURRENT (LIABILITIES)/ASSETS (103,208 ) 14,022
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,075

84,164

CREDITORS
Amounts falling due after more than one year 8 149,061 130,901
NET LIABILITIES (122,986 ) (46,737 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (122,988 ) (46,739 )
SHAREHOLDERS' FUNDS (122,986 ) (46,737 )

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.

Kaleidoscope Commerce Limited (Registered number: 03918138)

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 October 2024 and were signed by:





J Doherty - Director


Kaleidoscope Commerce Limited (Registered number: 03918138)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Kaleidoscope Commerce 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.

The accounts have been prepared on the going concern basis, the validity of which is dependent upon the continued support of the bank and trade creditors. It is anticipated that the company will return to a profitable position in the current financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of five years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Kaleidoscope Commerce Limited (Registered number: 03918138)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 25,000
AMORTISATION
At 1 April 2023
and 31 March 2024 24,999
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

Kaleidoscope Commerce Limited (Registered number: 03918138)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 140,890
Additions 107,960
Disposals (13,567 )
At 31 March 2024 235,283
DEPRECIATION
At 1 April 2023 70,749
Charge for year 43,096
Eliminated on disposal (7,844 )
At 31 March 2024 106,001
NET BOOK VALUE
At 31 March 2024 129,282
At 31 March 2023 70,141

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 132,372
Additions 107,960
Disposals (13,567 )
Transfer to ownership (29,720 )
At 31 March 2024 197,045
DEPRECIATION
At 1 April 2023 64,252
Charge for year 39,455
Eliminated on disposal (7,844 )
Transfer to ownership (17,182 )
At 31 March 2024 78,681
NET BOOK VALUE
At 31 March 2024 118,364
At 31 March 2023 68,120

Kaleidoscope Commerce Limited (Registered number: 03918138)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 26,013 32,394
Other debtors 151,703 144,847
177,716 177,241

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 24,291 21,414
Hire purchase contracts 49,349 36,494
Taxation and social security 44,717 52,458
Other creditors 162,969 74,257
281,326 184,623

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 64,600 88,891
Hire purchase contracts 84,461 42,010
149,061 130,901

9. ULTIMATE CONTROLLING PARTY

The controlling party is J Doherty.