Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.11truetruefalse 13806356 2023-04-01 2024-03-31 13806356 2021-12-17 2023-03-31 13806356 2024-03-31 13806356 2023-03-31 13806356 c:Director1 2023-04-01 2024-03-31 13806356 d:OfficeEquipment 2023-04-01 2024-03-31 13806356 d:OfficeEquipment 2024-03-31 13806356 d:OfficeEquipment 2023-03-31 13806356 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13806356 d:CurrentFinancialInstruments 2024-03-31 13806356 d:CurrentFinancialInstruments 2023-03-31 13806356 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13806356 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13806356 d:ShareCapital 2024-03-31 13806356 d:ShareCapital 2023-03-31 13806356 d:RetainedEarningsAccumulatedLosses 2024-03-31 13806356 d:RetainedEarningsAccumulatedLosses 2023-03-31 13806356 c:FRS102 2023-04-01 2024-03-31 13806356 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13806356 c:FullAccounts 2023-04-01 2024-03-31 13806356 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13806356 2 2023-04-01 2024-03-31 13806356 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 13806356









KYNANCE CONSULTING LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
KYNANCE CONSULTING LTD
REGISTERED NUMBER: 13806356

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,903
-

  
1,903
-

Current assets
  

Debtors: amounts falling due within one year
 5 
117,622
84,391

Cash at bank and in hand
 6 
77,325
41,075

  
194,947
125,466

Creditors: amounts falling due within one year
 7 
(148,330)
(80,791)

Net current assets
  
 
 
46,617
 
 
44,675

Total assets less current liabilities
  
48,520
44,675

  

Net assets
  
48,520
44,675


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
48,420
44,575

  
48,520
44,675


Page 1

 
KYNANCE CONSULTING LTD
REGISTERED NUMBER: 13806356
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
M Hills
Director

Date: 31 January 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
KYNANCE CONSULTING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Kynance Consulting Ltd is a private company limited by shares and registered in England and
Wales. Its registered office address is Aston House, Cornwall Avenue, London, N3 1LF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the entity.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
KYNANCE CONSULTING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
KYNANCE CONSULTING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

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 insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
2,537



At 31 March 2024

2,537



Depreciation


Charge for the year on owned assets
634



At 31 March 2024

634



Net book value



At 31 March 2024
1,903



At 31 March 2023
-

Page 5

 
KYNANCE CONSULTING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
-
11,214

Other debtors
117,622
73,177

117,622
84,391



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
77,325
41,075

77,325
41,075



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
30,664
37,666

Other taxation and social security
4,298
41,926

Accruals and deferred income
113,368
1,199

148,330
80,791



8.


Related party transactions

At the year end, included within other debtors is a shareholder loan amounting to £117,622 (2023: £73,177). Interest is charged on the loan at the official rate.

 
Page 6