Company Registration No. 09908028 (England and Wales)
Kinetic Law Ltd
Unaudited accounts
for the year ended 31 January 2024
Kinetic Law Ltd
Unaudited accounts
Contents
Kinetic Law Ltd
Company Information
for the year ended 31 January 2024
Directors
Mr K Ahmed
Mr S F Hussain
Company Number
09908028 (England and Wales)
Registered Office
Kinetic Law
Unit 2d
Phoenix Park
Blackburn
Lancashire
BB1 5RW
England
Accountants
STS Accounts Limited
702 Merlin Business Park
Ringtail Road
Burscough
Lancashire
L40 8JY
Kinetic Law Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
162,548
24,570
Cash at bank and in hand
1,160,684
951,098
Creditors: amounts falling due within one year
(2,067,971)
(978,723)
Net current assets
813,672
6,127
Total assets less current liabilities
976,220
30,697
Creditors: amounts falling due after more than one year
(165,332)
(25,929)
Provisions for liabilities
Deferred tax
(4,668)
(4,668)
Called up share capital
100
100
Profit and loss account
806,120
-
Shareholders' funds
806,220
100
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by
Mr K Ahmed
Director
Company Registration No. 09908028
Kinetic Law Ltd
Notes to the Accounts
for the year ended 31 January 2024
Kinetic Law Ltd is a private company, limited by shares, registered in England and Wales, registration number 09908028. The registered office is Kinetic Law, Unit 2d, Phoenix Park, Blackburn, Lancashire, BB1 5RW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 January 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
-
27,847
22,915
50,762
Additions
189,943
2,220
-
192,163
At 31 January 2024
189,943
30,067
22,915
242,925
At 1 February 2023
-
14,259
11,933
26,192
Charge for the year
47,486
3,953
2,746
54,185
At 31 January 2024
47,486
18,212
14,679
80,377
At 31 January 2024
142,457
11,855
8,236
162,548
At 31 January 2023
-
13,588
10,982
24,570
Kinetic Law Ltd
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
1,642,629
-
Other debtors
78,330
33,752
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
38,295
38,295
Obligations under finance leases and hire purchase contracts
19,071
-
Amounts owed to group undertakings and other participating interests
188,186
188,186
Taxes and social security
227,296
292,725
Other creditors
1,311,162
273,355
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
107,802
-
8
Average number of employees
During the year the average number of employees was 72 (2023: 69).