28 February 2024 v2025.4.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP155292062024-02-282024-12-31155292062024-12-3115529206core:WithinOneYear2024-12-3115529206core:ShareCapital2024-12-3115529206bus:Director12024-02-282024-12-3115529206bus:RegisteredOffice2024-02-282024-12-3115529206core:OfficeEquipment2024-02-282024-12-3115529206core:PlantMachinery2024-02-282024-12-3115529206core:PlantMachinery2024-12-311552920612024-02-282024-12-3115529206countries:EnglandWales2024-02-282024-12-3115529206bus:AuditExemptWithAccountantsReport2024-02-282024-12-3115529206bus:PrivateLimitedCompanyLtd2024-02-282024-12-3115529206bus:SmallEntities2024-02-282024-12-3115529206bus:FullAccounts2024-02-282024-12-31
Company registration number:
15529206
Kielo Research UK Ltd
Unaudited Filleted Financial Statements for the period ended
31 December 2024
Kielo Research UK Ltd
Statement of Financial Position
31 December 2024
31 Dec 2024
Note£
Fixed assets  
Tangible assets 5
971
 
Current assets  
Debtors 6
37,717
 
Cash at bank and in hand
8,591
 
46,308
 
Creditors: amounts falling due within one year 7
(47,278
)
Net current liabilities
(970
)
Total assets less current liabilities 1  
Capital and reserves  
Called up share capital
1
 
Profit and loss account -  
Shareholders funds
1
 
For the period ending
31 December 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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.
These
financial statements
were approved by the board of directors and authorised for issue on
20 January 2025
, and are signed on behalf of the board by:
Dr T Tervonen
Director
Company registration number:
15529206
Kielo Research UK Ltd
Notes to the Financial Statements
Period ended
31 December 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
York Hub Popeshead Court Offices
,
Peter Lane
,
York
,
YO1 8SU
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
33% straight line

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the period was
3
.

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
28 February 2024
-  
Additions
1,456
 
At
31 December 2024
1,456
 
Depreciation  
At
28 February 2024
-  
Charge
485
 
At
31 December 2024
485
 
Carrying amount  
At
31 December 2024
971
 

6 Debtors

31 Dec 2024
£
Trade debtors
37,717
 

7 Creditors: amounts falling due within one year

31 Dec 2024
£
Trade creditors
660
 
Taxation and social security
6,856
 
Other creditors
39,762
 
47,278