1 February 2023 false No description of principal activity Taxfiler 2024.5 09908028business:PrivateLimitedCompanyLtd2023-02-012024-01-31 099080282023-01-31 099080282023-02-012024-01-31 09908028business:AuditExemptWithAccountantsReport2023-02-012024-01-31 09908028business:FilletedAccounts2023-02-012024-01-31 099080282024-01-31 09908028business:Director12023-02-012024-01-31 09908028business:Director22023-02-012024-01-31 09908028business:RegisteredOffice2023-02-012024-01-31 099080282023-01-31 09908028core:WithinOneYear2024-01-31 09908028core:WithinOneYear2023-01-31 09908028core:AfterOneYear2024-01-31 09908028core:AfterOneYear2023-01-31 09908028core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 09908028core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 09908028core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 09908028core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 09908028core:PreviouslyStatedAmount2024-01-31 09908028core:PreviouslyStatedAmount2023-01-31 09908028business:SmallEntities2023-02-012024-01-31 09908028countries:EnglandWales2023-02-012024-01-31 09908028core:FurnitureFittings2023-02-012024-01-31 09908028core:ComputerEquipment2023-02-012024-01-31 09908028core:MotorVehicles2023-01-31 09908028core:FurnitureFittings2023-01-31 09908028core:ComputerEquipment2023-01-31 09908028core:MotorVehicles2023-02-012024-01-31 09908028core:MotorVehicles2024-01-31 09908028core:FurnitureFittings2024-01-31 09908028core:ComputerEquipment2024-01-31 099080282022-02-012023-01-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
Kinetic Law Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
162,548 
24,570 
Current assets
Debtors
1,720,959 
33,752 
Cash at bank and in hand
1,160,684 
951,098 
2,881,643 
984,850 
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)
Net assets
806,220 
100 
Capital and reserves
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
- 4 -
Kinetic Law Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 January 2024
142,457 
11,855 
8,236 
162,548 
At 31 January 2023
- 
13,588 
10,982 
24,570 
- 5 -
Kinetic Law Ltd Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
1,642,629 
- 
Other debtors
78,330 
33,752 
1,720,959 
33,752 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
38,295 
38,295 
VAT
283,961 
186,162 
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 
2,067,971 
978,723 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
57,530 
25,929 
Obligations under finance leases and hire purchase contracts
107,802 
- 
165,332 
25,929 
8
Average number of employees
During the year the average number of employees was 72 (2023: 69).
- 6 -