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REGISTERED NUMBER: 06369318 (England and Wales)















KINETIC WORKPLACE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2024






KINETIC WORKPLACE LIMITED (REGISTERED NUMBER: 06369318)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KINETIC WORKPLACE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTORS: V C Taylor
S L Taylor
E Taylor
A Taylor





SECRETARY: V C Taylor





REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU





REGISTERED NUMBER: 06369318 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

KINETIC WORKPLACE LIMITED (REGISTERED NUMBER: 06369318)

BALANCE SHEET
31ST AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,684 11,753

CURRENT ASSETS
Debtors 5 987,590 108,777
Cash at bank 2,247,136 865,236
3,234,726 974,013
CREDITORS
Amounts falling due within one year 6 1,382,354 165,881
NET CURRENT ASSETS 1,852,372 808,132
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,861,056

819,885

PROVISIONS FOR LIABILITIES 950 1,217
NET ASSETS 1,860,106 818,668

CAPITAL AND RESERVES
Called up share capital 7 110 110
Retained earnings 1,859,996 818,558
SHAREHOLDERS' FUNDS 1,860,106 818,668

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

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

KINETIC WORKPLACE LIMITED (REGISTERED NUMBER: 06369318)

BALANCE SHEET - continued
31ST AUGUST 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th November 2024 and were signed on its behalf by:




V C Taylor - Director



S L Taylor - Director


KINETIC WORKPLACE LIMITED (REGISTERED NUMBER: 06369318)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024

1. STATUTORY INFORMATION

Kinetic Workplace 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 50% on cost and 25% on cost

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 4 (2023 - 4 ) .

KINETIC WORKPLACE LIMITED (REGISTERED NUMBER: 06369318)

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

4. TANGIBLE FIXED ASSETS
Plant & Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st September 2023 457 38,485 13,669 52,611
Additions - - 2,538 2,538
Disposals (332 ) - (9,610 ) (9,942 )
At 31st August 2024 125 38,485 6,597 45,207
DEPRECIATION
At 1st September 2023 241 30,792 9,825 40,858
Charge for year 31 1,924 1,676 3,631
Eliminated on disposal (173 ) - (7,793 ) (7,966 )
At 31st August 2024 99 32,716 3,708 36,523
NET BOOK VALUE
At 31st August 2024 26 5,769 2,889 8,684
At 31st August 2023 216 7,693 3,844 11,753

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,503 5,004
Other debtors 975,000 80,000
Directors' current accounts 320 23,773
Prepayments 5,767 -
987,590 108,777

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 739,725 79,238
Corporation Tax 408,834 60,192
PAYE 257 387
VAT 222,044 17,779
Directors' current accounts 3,733 1,554
Accrued expenses 7,761 6,731
1,382,354 165,881

KINETIC WORKPLACE LIMITED (REGISTERED NUMBER: 06369318)

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

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
5 Ordinary B £1 5 5
5 Ordinary C £1 5 5
110 110

8. RELATED PARTY DISCLOSURES

At year end the company had the following outstanding directors loan account balances:-

- V C Taylor was owed £1,803 (2023 - £23,773 owed to the company)
- S L Taylor was owed £1,930 (2023 - £1,554)
- A Taylor owed the company £320 (2023 - £nil)