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Registered Number: 07736166
England and Wales

 

 

 

KNOWLEDGE-ACTION-CHANGE LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2023

End date: 29 February 2024
Directors Grzegorz Krol
Bisola Obileye
Registered Number 07736166
Registered Office 8
Northumberland Avenue
London
WC2N 5BY
Accountants Bisola Obileye Accounting Services
5 Heatherfold Way
Pinner
HA5 2LG
1
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts Knowledge-Action-Change Limited for the year ended 29 February 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Knowledge-Action-Change Limited for the year ended 29 February 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the Board of Directors of Knowledge-Action-Change Limited , as a body, in accordance with the terms of our engagement letter dated 27 October 2024. Our work has been undertaken solely to prepare for your approval the accounts of Knowledge-Action-Change Limited and state those matters that we have agreed to state to the Board of Directors of Knowledge-Action-Change Limited, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Knowledge-Action-Change Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Knowledge-Action-Change Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit Knowledge-Action-Change Limited. You consider that Knowledge-Action-Change Limited is exempt from the statutory audit requirement for the year

We have not been instructed to carry out an audit or a review of the accounts of Knowledge-Action-Change Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



....................................................
Bisola Obileye
Bisola Obileye Accounting Services

5 Heatherfold Way
Pinner
HA5 2LG
27 October 2024
2
 
 
Notes
 
2024
£
  2023
£
Current assets      
Debtors: amounts falling due within one year 4 33,237    51,912 
Cash at bank and in hand 441,902    145,684 
475,139    197,596 
Creditors: amount falling due within one year 5 (500,429)   (222,887)
Net current assets (25,290)   (25,291)
 
Total assets less current liabilities (25,290)   (25,291)
Net assets (25,290)   (25,291)
 

Capital and reserves
     
Profit and loss account (25,290)   (25,291)
Shareholders' funds (25,290)   (25,291)
 


For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 27 October 2024 and were signed on its behalf by:


-------------------------------
Grzegorz Krol
Director
3
General Information
Knowledge-Action-Change Limited is a private company, limited by shares, registered in England and Wales, registration number 07736166, registration address 8, Northumberland Avenue, London, WC2N 5BY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 3 Straight Line
2.

Average number of employees

Average number of employees during the year was 3 (2023 : 3).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 March 2023 1,500    1,500 
Additions  
Disposals  
At 29 February 2024 1,500    1,500 
Depreciation
At 01 March 2023  
Charge for year 1,500    1,500 
On disposals  
At 29 February 2024 1,500    1,500 
Net book values
Closing balance as at 29 February 2024  
Opening balance as at 01 March 2023  


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Prepayments & Accrued Income 1,413    19,705 
Accrued Income 31,250    31,250 
VAT 574    957 
33,237    51,912 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Corporation Tax 25    25 
Accrued Expenses 77,552    142,861 
Advance Paid 422,852    80,000 
Other Creditors   1 
500,429    222,887 

6.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

4