Kinergetic Consulting Limited
Registered number: 07501309
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 23,313 1,990
Investments 4 862,094 862,094
885,407 864,084
Current assets
Debtors 4 6,204 80,790
Investments held as current assets 209,378 142,254
Cash at bank and in hand 106,840 89,164
322,422 312,208
Creditors: amounts falling due within one year 5 (37,260) (75,821)
Net current assets 285,162 236,387
Total assets less current liabilities 1,170,569 1,100,471
Creditors: amounts falling due after more than one year 6 (361,636) (361,465)
Net assets 808,933 739,006
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 807,933 738,006
Shareholder's funds 808,933 739,006
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Thomas
Director
Approved by the board on 25 April 2024
Kinergetic Consulting Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover represents the value, net of value added tax, of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives using the following rates
Office equipment over 3 years
Investments
Investments in unquoted equity instruments are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique.
Debtors
Debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are recognised at transaction price including any transaction costs.
Creditors
Creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing differences.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Office equipment Motor vehicles Total
£ £ £
Cost
At 1 April 2023 16,575 - 16,575
Additions 14,506 17,000 31,506
At 31 March 2024 31,081 17,000 48,081
Depreciation
At 1 April 2023 14,585 - 14,585
Charge for the year 6,783 3,400 10,183
At 31 March 2024 21,368 3,400 24,768
Net book value
At 31 March 2024 9,713 13,600 23,313
At 31 March 2023 1,990 - 1,990
4 Investments
Residential Current asset
Property Investments Total
£ £
Cost
At 1 April 2023 862,094 100,000.00 962,094
Additions - 37,123.06 37,123
Disposals - - -
At 31 March 2024 862,094 137,123 999,217
Investments are stated at cost
4 Debtors 2024 2023
£ £
Trade debtors 6,204 27,390
Other debtors - 53,400
6,204 80,790
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 35,628 41,359
Other taxes and social security costs 13,442 8,173
Directors' loan accounts (11,810) 26,289
37,260 75,821
6 Creditors: amounts falling due after one year 2024 2023
£ £
Mortgage on residential property 327,368 322,470
Bank loan 34,268 38,995
361,636 361,465
7 Other information
Kinergetic Consulting Limited is a private company limited by shares and incorporated in England. Its registered office is:
High Standing
Branksome Park Road
Camberley
Surrey
GU15 2AE
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