Company registration number: 14719905
Unaudited financial statements
for the period ended 31 March 2024
for
KYBIP Limited
Pages for filing with the Registrar
Company registration number: 14719905
KYBIP Limited
Balance sheet
as at 31 March 2024
Note £ £
Fixed assets
Intangible assets 4 18,000
18,000
Current assets
Cash at bank and in hand 1
1
Creditors: amounts falling due within
one year
(20,032)
Net current liabilities (20,031)
Total assets less current liabilities (2,031)
NET LIABILITIES (2,031)
Capital and reserves
Called up share capital 1
Profit and loss account (2,032)
TOTAL EQUITY (2,031)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the period ended 31 March 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 14719905
KYBIP Limited
Balance sheet - continued
as at 31 March 2024
The 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr A Sharpe, Director
29 November 2024
2
KYBIP Limited
Notes to the financial statements
for the period ended 31 March 2024
1 Company information
KYBIP Limited is a private company registered in England and Wales. Its registered number is 14719905. The company is limited by shares. Its registered office is Birches Corner, Heron Gate, Taunton, TA1 2LP.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Development costs - In the research phase of an internal project it is not
possible to demonstrate that the project will generate
future economic benefits and hence all expenditure on
research shall be recognised as an expense when it is
incurred. Intangible assets are recognised from the
development phase

of a project if and only if certain specific criteria are met
in order to demonstrate the asset will generate
probable future economic benefits and that its cost can
be reliably measured. The capitalised development
costs are subsequently amortised on a straight-line
basis over their useful economic lives, which range
from 3 to 6 years.



If it is not possible to distinguish between the research
3
KYBIP Limited
Notes to the financial statements - continued
for the period ended 31 March 2024
3 Average number of employees
During the period the average number of employees was 1.
4 Intangible assets
Other
intangible
assets
£
Cost
Additions 20,000
At 31 March 2024 20,000
Amortisation
Charge for period 2,000
At 31 March 2024 2,000
Net book value
At 31 March 2024 18,000
4