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REGISTERED NUMBER: 14021075 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2023 TO 31 AUGUST 2024

FOR

KYNANCE CONSULTING SERVICES LTD

KYNANCE CONSULTING SERVICES LTD (REGISTERED NUMBER: 14021075)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KYNANCE CONSULTING SERVICES LTD

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2023 TO 31 AUGUST 2024







DIRECTORS: S L Birchall
C I Birchall





REGISTERED OFFICE: 5a Whatman Close
Maidstone
ME14 5HX





REGISTERED NUMBER: 14021075 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
2nd Floor
Medway Bridge House
1-8 Fairmeadow
Maidstone
Kent
ME14 1JP

KYNANCE CONSULTING SERVICES LTD (REGISTERED NUMBER: 14021075)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 2,794

CURRENT ASSETS
Debtors 5 - 7,100
Cash at bank and in hand 11,570 12,177
11,570 19,277
CREDITORS
Amounts falling due within one year 6 2,113 14,390
NET CURRENT ASSETS 9,457 4,887
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,457

7,681

PROVISIONS FOR LIABILITIES 7 - 698
NET ASSETS 9,457 6,983

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9,456 6,982
SHAREHOLDERS' FUNDS 9,457 6,983

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2024 and were signed on its behalf by:





C I Birchall - Director


KYNANCE CONSULTING SERVICES LTD (REGISTERED NUMBER: 14021075)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 31 AUGUST 2024


1. STATUTORY INFORMATION

Kynance Consulting Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

Going concern
On 31 August 2024, the company ceased to trade. Accordingly, these financial statements have been prepared by the directors on a break-up basis on the assumptions that the company will not continue in business. On the break-up basis, adjustments have been made to reduce the value of assets to their recoverable amount.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial reporting standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
- the requirements of Section 7 Statement of Cash Flows;
- the requirements of Section 3 Financial Statement Presentation paragraph 3.17 (d);
- the requirements of Section 11 Financial Instruments paragraphs 11.39 to 11.48A;
- the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.29;
- the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23;
- the requirements of Section 33 Related Party Disclosures paragraph 33.7.

KYNANCE CONSULTING SERVICES LTD (REGISTERED NUMBER: 14021075)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with no significant risk of change in value.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 April 2023 3,725
Disposals (3,725 )
At 31 August 2024 -
DEPRECIATION
At 1 April 2023 931
Charge for period 1,320
Eliminated on disposal (2,251 )
At 31 August 2024 -
NET BOOK VALUE
At 31 August 2024 -
At 31 March 2023 2,794

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 7,100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 2,108 9,657
Directors' loan accounts 5 2,187
Accruals and deferred income - 2,546
2,113 14,390

KYNANCE CONSULTING SERVICES LTD (REGISTERED NUMBER: 14021075)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 31 AUGUST 2024


7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax - 698

Deferred
tax
£   
Balance at 1 April 2023 698
Provided during period (698 )
Balance at 31 August 2024 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £0.01 1 1

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the directors £5 (2023: £2,187) and is included in creditors due within 1 year. The amount is interest free and has no repayment terms attached.

10. ULTIMATE CONTROLLING PARTY

The directors consider there to be no controlling party.