Company Registration No. SC764248 (Scotland)
KAAMOS TECH LTD
Unaudited accounts
for the period from 29 March 2023 to 31 March 2024
KAAMOS TECH LTD
Unaudited accounts
Contents
KAAMOS TECH LTD
Company Information
for the period from 29 March 2023 to 31 March 2024
Company Number
SC764248 (Scotland)
Registered Office
56 MCBAITH WAY
DUNFERMLINE
KY11 8YY
SCOTLAND
Accountants
Added Accounting Ltd
8 Whitehouse Crescent
Gorebridge
EH23 4FT
KAAMOS TECH LTD
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
1,734
Creditors: amounts falling due within one year
(22,965)
Net current liabilities
(16,771)
Profit and loss account
(5,374)
Shareholders' funds
(5,373)
For the period ending 31 March 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 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 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 and authorised for issue on 21 November 2024 and were signed on its behalf by
Mr TK Nihtila
Director
Company Registration No. SC764248
KAAMOS TECH LTD
Notes to the Accounts
for the period from 29 March 2023 to 31 March 2024
KAAMOS TECH LTD is a private company, limited by shares, registered in Scotland, registration number SC764248. The registered office is 56 MCBAITH WAY, DUNFERMLINE, KY11 8YY, SCOTLAND.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
Straight line over 4 years
Computer equipment
Straight line over 3 years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Expenditure on research and development is written off in the year in which it is incurred.
The accounts have been prepared as a going concern due to the support to the company by the Director of the company and has deferred repayment of the Directors' Loan account until the company's assets exceeds its liabilities.
KAAMOS TECH LTD
Notes to the Accounts
for the period from 29 March 2023 to 31 March 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
Additions
14,097
786
14,883
At 31 March 2024
14,097
786
14,883
Charge for the period
3,437
48
3,485
At 31 March 2024
3,437
48
3,485
At 31 March 2024
10,660
738
11,398
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
Loans from directors
22,552
7
Average number of employees
During the period the average number of employees was 1.