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REGISTERED NUMBER: 05958710 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

KAKAPO SYSTEMS LIMITED

KAKAPO SYSTEMS LIMITED (REGISTERED NUMBER: 05958710)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KAKAPO SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S Tutt
C B Tutt
Mrs N M Curnow





SECRETARY: S Tutt





REGISTERED OFFICE: International House
36-38 Cornhill
London
EC3V 3NG





REGISTERED NUMBER: 05958710 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU

KAKAPO SYSTEMS LIMITED (REGISTERED NUMBER: 05958710)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 116,547 163,700
Investments 6 4,950 -
121,497 163,700

CURRENT ASSETS
Debtors 7 1,050,701 896,360
Cash at bank and in hand 2,395,004 2,594,845
3,445,705 3,491,205
CREDITORS
Amounts falling due within one year 8 573,914 620,121
NET CURRENT ASSETS 2,871,791 2,871,084
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,993,288

3,034,784

PROVISIONS FOR LIABILITIES 4,243 4,243
NET ASSETS 2,989,045 3,030,541

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 2,989,025 3,030,521
2,989,045 3,030,541

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

KAKAPO SYSTEMS LIMITED (REGISTERED NUMBER: 05958710)

BALANCE SHEET - continued
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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:





S Tutt - Director


KAKAPO SYSTEMS LIMITED (REGISTERED NUMBER: 05958710)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Kakapo Systems Limited 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.

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

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

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

Investments in associates
Investments in associates are recognised at cost less impairment.

Financial instruments
Fixed asset investments are measure at fair value, with changes in fair value recognised in profit or loss.

Cash at bank is measured at transaction price.

Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit or loss account in other
administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Taxation
Taxation for the year 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.


KAKAPO SYSTEMS LIMITED (REGISTERED NUMBER: 05958710)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 60,398
AMORTISATION
At 1 April 2023
and 31 March 2024 60,398
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

KAKAPO SYSTEMS LIMITED (REGISTERED NUMBER: 05958710)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 319,348
Additions 9,366
At 31 March 2024 328,714
DEPRECIATION
At 1 April 2023 155,648
Charge for year 56,519
At 31 March 2024 212,167
NET BOOK VALUE
At 31 March 2024 116,547
At 31 March 2023 163,700

6. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
Additions 4,950
At 31 March 2024 4,950
NET BOOK VALUE
At 31 March 2024 4,950

The company holds 99% of the share capital of Kakapo Systems India Private Limited, a company incorporated in India.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 330,060 258,201
Amounts owed by group undertakings 74,323 78,766
Other debtors 646,318 559,393
1,050,701 896,360

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 52,929 43,464
Taxation and social security 134,300 361,038
Other creditors 386,685 215,619
573,914 620,121

KAKAPO SYSTEMS LIMITED (REGISTERED NUMBER: 05958710)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
S Tutt
Balance outstanding at start of year 41,140 8,718
Amounts advanced 57,873 45,905
Amounts repaid (40,435 ) (13,483 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 58,578 41,140

C B Tutt
Balance outstanding at start of year 235,557 35,445
Amounts advanced 6,858 211,424
Amounts repaid - (11,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 242,415 235,557

At the balance sheet date C Tutt owed the company £242,415 (2023 - £235,557) and S Tutt owed the company £58,578 (2023 - £41,140). The loan owed to the company bears 2.25% interest and there are no repayment terms.

10. RELATED PARTY DISCLOSURES

At the balance sheet date the amount owed Kakapo Systems India Private Limited, a related company, was £74,323 (2023 - £78,766). This amount is repayable on demand and is non interest bearing.