Company Registration No. 13959702 (England and Wales)
Kaya Technologies Ltd
Unaudited accounts
for the year ended 31 May 2024
Kaya Technologies Ltd
Unaudited accounts
Contents
Kaya Technologies Ltd
Company Information
for the year ended 31 May 2024
Directors
Mr. Zi Heng Low
Mr. Jee Yen Hee
Company Number
13959702 (England and Wales)
Registered Office
483 GREEN LANES
LONDON
N13 4BS
UNITED KINGDOM
Accountants
Sleek Accounting Ltd
4th Floor
205 Regent Street
London
W1B 4HB
Kaya Technologies Ltd
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
22,128
20,718
Creditors: amounts falling due within one year
(8,701)
(9,126)
Net current assets
13,427
11,592
Called up share capital
10
10
Profit and loss account
14,961
11,582
Shareholders' funds
14,971
11,592
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by
Mr. Zi Heng Low
Director
Company Registration No. 13959702
Kaya Technologies Ltd
Notes to the Accounts
for the year ended 31 May 2024
Kaya Technologies Ltd is a private company, limited by shares, registered in England and Wales, registration number 13959702. The registered office is 483 GREEN LANES, LONDON, N13 4BS, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight Line Method
Kaya Technologies Ltd
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Fixtures & fittings
5
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
7,234
-
Taxes and social security
853
2,744
Loans from directors
614
302
6
Transactions with related parties
Heynoya Technologies PTE Ltd
The company is a 100% holdings company of Kaya Technologies. At the balance sheet date, the amount due from Heynoya Technologies PTE Ltd was £7,234 (2023: £5,000).
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).