Company registration number 13922354 (England and Wales)
KAIRON LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
KAIRON LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
KAIRON LIMITED (REGISTERED NUMBER: 13922354)
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
10,517
6,389
Tangible assets
4
1,004
1,459
Investments
5
2,571
-
0
14,092
7,848
Current assets
Debtors
6
42,373
76,010
Cash at bank and in hand
82,984
119,480
125,357
195,490
Creditors: amounts falling due within one year
7
(44,597)
(75,890)
Net current assets
80,760
119,600
Total assets less current liabilities
94,852
127,448
Provisions for liabilities
(254)
(277)
Net assets
94,598
127,171
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
94,498
127,071
Total equity
94,598
127,171

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

KAIRON LIMITED (REGISTERED NUMBER: 13922354)
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 31 October 2024 and are signed on its behalf by:
Mr T J Munden
Director
KAIRON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

Kairon Limited is a private company limited by shares incorporated in England and Wales. The registered office is Suite 2, Second Floor North, The Fitted Rigging House, Anchor Wharf, The Historic Dockyard, Chatham, Kent, ME4 4TZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Patents & licences
10% Straight Line Balance
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

KAIRON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% Straight Line Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

KAIRON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 5 -
1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Intangible fixed assets
Patents & licences
£
Cost
At 1 April 2023
6,546
Additions
5,265
At 31 March 2024
11,811
Amortisation and impairment
At 1 April 2023
157
Amortisation charged for the year
1,137
At 31 March 2024
1,294
Carrying amount
At 31 March 2024
10,517
At 31 March 2023
6,389
KAIRON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
4
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 April 2023
1,945
Additions
257
Disposals
(237)
At 31 March 2024
1,965
Depreciation and impairment
At 1 April 2023
486
Depreciation charged in the year
475
At 31 March 2024
961
Carrying amount
At 31 March 2024
1,004
At 31 March 2023
1,459
5
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
2,571
-
0
Movements in fixed asset investments
Shares in associates
£
Cost or valuation
At 1 April 2023
-
Additions
2,571
At 31 March 2024
2,571
Carrying amount
At 31 March 2024
2,571
At 31 March 2023
-
KAIRON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 7 -
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
37,507
72,196
Other debtors
4,866
3,814
42,373
76,010
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
15,216
12,950
Taxation and social security
25,041
52,552
Other creditors
4,340
10,388
44,597
75,890
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
75
75
75
75
Ordinary A of £1 each
25
25
25
25
100
100
100
100
9
Directors' transactions

Included in other debtors is a directors loan account balance of £1,490 (2023 Credit £6,509). This was paid within 9 months of the year end.

2024-03-312023-04-01falsefalsefalse31 October 2024CCH SoftwareCCH Accounts Production 2024.301No description of principal activityMr T J MundenMrs M J P Munden139223542023-04-012024-03-31139223542024-03-31139223542023-03-3113922354core:PatentsTrademarksLicencesConcessionsSimilar2024-03-3113922354core:PatentsTrademarksLicencesConcessionsSimilar2023-03-3113922354core:FurnitureFittings2024-03-3113922354core:FurnitureFittings2023-03-3113922354core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3113922354core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3113922354core:CurrentFinancialInstruments2024-03-3113922354core:CurrentFinancialInstruments2023-03-3113922354core:ShareCapital2024-03-3113922354core:ShareCapital2023-03-3113922354core:RetainedEarningsAccumulatedLosses2024-03-3113922354core:RetainedEarningsAccumulatedLosses2023-03-3113922354core:ShareCapitalOrdinaryShares2024-03-3113922354core:ShareCapitalOrdinaryShares2023-03-3113922354bus:Director12023-04-012024-03-3113922354core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3113922354core:PatentsTrademarksLicencesConcessionsSimilar2023-04-012024-03-3113922354core:FurnitureFittings2023-04-012024-03-31139223542022-02-172023-03-3113922354core:PatentsTrademarksLicencesConcessionsSimilar2023-03-3113922354core:PatentsTrademarksLicencesConcessionsSimilarcore:ExternallyAcquiredIntangibleAssets2023-04-012024-03-3113922354core:FurnitureFittings2023-03-3113922354core:WithinOneYear2024-03-3113922354core:WithinOneYear2023-03-3113922354bus:PrivateLimitedCompanyLtd2023-04-012024-03-3113922354bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-3113922354bus:FRS1022023-04-012024-03-3113922354bus:AuditExemptWithAccountantsReport2023-04-012024-03-3113922354bus:Director22023-04-012024-03-3113922354bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP