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Registered number: 09760687
Kixto Limited
Unaudited Financial Statements
For the Period 1 October 2022 to 31 December 2023
SQK Accountancy Ltd
Use.Space
Paddock Street
Manchester
Greater Manchester
M12 6HT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09760687
31 December 2023 30 September 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 48,892 45,579
48,892 45,579
CURRENT ASSETS
Debtors 5 55,389 13,539
Cash at bank and in hand 19,328 43,420
74,717 56,959
Creditors: Amounts Falling Due Within One Year 6 (39,860 ) (29,254 )
NET CURRENT ASSETS (LIABILITIES) 34,857 27,705
TOTAL ASSETS LESS CURRENT LIABILITIES 83,749 73,284
Creditors: Amounts Falling Due After More Than One Year 7 (32,692 ) (38,119 )
NET ASSETS 51,057 35,165
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 51,056 35,164
SHAREHOLDERS' FUNDS 51,057 35,165
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For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M Fulford
Director
19/11/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Kixto Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09760687 . The registered office is Westward Business Centre, Mill Street, Crediton, EX17 1HB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% straight line
Motor Vehicles 20% reducing balance
Fixtures & Fittings 25% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2022: 1)
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 October 2022 8,413 56,108 882 65,403
Additions - 15,600 - 15,600
As at 31 December 2023 8,413 71,708 882 81,003
Depreciation
As at 1 October 2022 8,114 11,222 488 19,824
Provided during the period 75 12,097 115 12,287
As at 31 December 2023 8,189 23,319 603 32,111
Net Book Value
As at 31 December 2023 224 48,389 279 48,892
As at 1 October 2022 299 44,886 394 45,579
5. Debtors
31 December 2023 30 September 2022
£ £
Due within one year
Trade debtors 53,356 11,202
Other debtors 2,033 2,337
55,389 13,539
6. Creditors: Amounts Falling Due Within One Year
31 December 2023 30 September 2022
£ £
Net obligations under finance lease and hire purchase contracts 4,776 4,776
Trade creditors 23,909 12,301
Other creditors 11,175 12,177
39,860 29,254
7. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 30 September 2022
£ £
Net obligations under finance lease and hire purchase contracts 32,692 38,119
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8. Obligations Under Finance Leases and Hire Purchase
31 December 2023 30 September 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,776 4,776
Later than one year and not later than five years 32,692 38,119
37,468 42,895
37,468 42,895
9. Share Capital
31 December 2023 30 September 2022
£ £
Allotted, Called up and fully paid 1 1
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