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Registered Number: 02908472
England and Wales

 

 

 

KITE SYSTEMS COMMUNICATIONS LTD


Abridged Accounts
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
Accountants report
You consider that the company is exempt from an audit for the year ended 31 May 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.



....................................................

Potter and Co. Accountants Ltd

27 Doubleday Road

Loughton
IG10 2AU
05 December 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 11,058   
Investments 4 67,000    100,000 
78,058    100,000 
Current assets      
Debtors 1,092   
Cash at bank and in hand 21,503    27,470 
22,595    27,470 
Creditors: amount falling due within one year (1,271)   (1,626)
Net current assets 21,324    25,844 
 
Total assets less current liabilities 99,382    125,844 
Creditors: amount falling due after more than one year (1,406)   (1,406)
Net assets 97,976    124,438 
 

Capital and reserves
     
Called up share capital 5 100    100 
Profit and loss account 97,876    124,338 
Shareholders' funds 97,976    124,438 
 


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

Director's 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 director acknowledges 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 05 December 2024 and were signed by:


-------------------------------
Taylor George Jarrett
Director
2
General Information
Kite Systems Communications Ltd is a private company, limited by shares, registered in England and Wales, registration number 02908472, registration address 200 William Hunter Way, Brentwood, Essex, CM14 4WQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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:
Motor Vehicles 25% Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Total
  £   £
At 01 June 2023  
Additions 14,744    14,744 
Disposals  
At 31 May 2024 14,744    14,744 
Depreciation
At 01 June 2023  
Charge for year 3,686    3,686 
On disposals  
At 31 May 2024 3,686    3,686 
Net book values
Closing balance as at 31 May 2024 11,058    11,058 
Opening balance as at 01 June 2023  


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 June 2023 67,000    67,000 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 31 May 2024 67,000    67,000 

5.

Share Capital

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

3