2023-03-01 2024-02-29 false No description of principal activity Debitam - Tax and Accounts 1.0 SC655702 bus:FullAccounts 2023-03-01 2024-02-29 SC655702 bus:Micro-entities 2023-03-01 2024-02-29 SC655702 bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 SC655702 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 SC655702 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC655702 2023-03-01 2024-02-29 SC655702 2024-02-29 SC655702 bus:RegisteredOffice 2023-03-01 2024-02-29 SC655702 core:WithinOneYear 2024-02-29 SC655702 core:AfterOneYear 2024-02-29 SC655702 2022-03-01 SC655702 bus:Director1 2023-03-01 2024-02-29 SC655702 bus:Director1 2024-02-29 SC655702 bus:Director1 2022-03-01 2023-02-28 SC655702 bus:CompanySecretary1 2023-03-01 2024-02-29 SC655702 bus:LeadAgentIfApplicable 2023-03-01 2024-02-29 SC655702 2022-03-01 2023-02-28 SC655702 2023-02-28 SC655702 core:WithinOneYear 2023-02-28 SC655702 core:AfterOneYear 2023-02-28 SC655702 bus:EntityAccountantsOrAuditors 2022-03-01 2023-02-28 SC655702 core:PlantMachinery 2023-03-01 2024-02-29 SC655702 core:PlantMachinery 2024-02-29 SC655702 core:PlantMachinery 2023-02-28 SC655702 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-02-29 SC655702 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-02-28 SC655702 core:CostValuation core:Non-currentFinancialInstruments 2024-02-29 SC655702 core:CostValuation core:Non-currentFinancialInstruments 2023-02-28 SC655702 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-02-29 SC655702 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-02-29 SC655702 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-02-29 SC655702 core:Non-currentFinancialInstruments 2024-02-29 SC655702 core:Non-currentFinancialInstruments 2023-02-28 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: SC655702
Scotland

 

 

 


Report of the Director and Unaudited Financial Statements

for the year ended 29 February 2024

for

KINETIC MOTORSPORT MARKETING LIMITED

 
 
 
£
2024
£
   
£
2023
£
Fixed assets 990  13,600 
Current assets 46,355  22,491 
Creditors: amount falling due within one year (11,288) (85,000)
Net current assets 35,067  (62,509)
Total assets less current liabilities 36,057  (48,909)
Creditors: amount falling due after more than one year (85,000)
Accrued liabilities (479) (359)
Net assets (49,422) (49,268)
 
Capital and reserves (49,422) (49,268)
 
  1. For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  3. 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
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Joshua Hislop
Director

Date approved: 03 October 2024
1
Statutory Information
KINETIC MOTORSPORT MARKETING LIMITED is a private limited company, limited by shares, domiciled in Scotland, registration number SC655702, registration address 9 Bramble Way, Portlethen, Aberdeen, Aberdeenshire, AB12 4UE, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
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:
Plant and Machinery20% Reducing Balance
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.

Tangible fixed assets

Cost or Valuation Plant and Machinery   Total
  £   £
At 01 March 2023 20,000    20,000 
Additions 1,080    1,080 
Disposals (20,000)   (20,000)
At 29 February 2024 1,080    1,080 
Depreciation
At 01 March 2023 6,400    6,400 
Charge for year 90    90 
On disposals (6,400)   (6,400)
At 29 February 2024 90    90 
Net book values
Closing balance as at 29 February 2024 990    990 
Opening balance as at 01 March 2023 13,600    13,600 

3.

Average number of employees

Average number of employees during the year was 1  (2023: 1).
2