Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-301false2023-07-01architectural design company1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12060081 2023-07-01 2024-06-30 12060081 2022-07-01 2023-06-30 12060081 2024-06-30 12060081 2023-06-30 12060081 c:Director1 2023-07-01 2024-06-30 12060081 d:OfficeEquipment 2023-07-01 2024-06-30 12060081 d:OfficeEquipment 2024-06-30 12060081 d:OfficeEquipment 2023-06-30 12060081 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12060081 d:CurrentFinancialInstruments 2024-06-30 12060081 d:CurrentFinancialInstruments 2023-06-30 12060081 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 12060081 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12060081 d:ShareCapital 2024-06-30 12060081 d:ShareCapital 2023-06-30 12060081 d:RetainedEarningsAccumulatedLosses 2024-06-30 12060081 d:RetainedEarningsAccumulatedLosses 2023-06-30 12060081 c:FRS102 2023-07-01 2024-06-30 12060081 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12060081 c:FullAccounts 2023-07-01 2024-06-30 12060081 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12060081 2 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Registered number: 12060081






K2L DESIGNS LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










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K2L DESIGNS LTD
REGISTERED NUMBER:12060081

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
  
3,659
826

  
3,659
826

Current assets
  

Debtors: amounts falling due within one year
 5 
-
508

Cash at bank and in hand
 6 
20,993
1,096

  
20,993
1,604

Creditors: amounts falling due within one year
 7 
(9,941)
(2,477)

Net current assets/(liabilities)
  
 
 
11,052
 
 
(873)

Total assets less current liabilities
  
14,711
(47)

  

Net assets/(liabilities)
  
14,711
(47)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
14,611
(147)

  
14,711
(47)


Page 1

 
K2L DESIGNS LTD
REGISTERED NUMBER:12060081
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 on 18 March 2025.




J Briggs
Director

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

Page 2

 
K2L DESIGNS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

K2L Designs Limited is a private company limited by shares, incorporated in England and Wales. Its principle trading activity is that of an architectural design company.
 

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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.

 
2.5

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.

Page 3

 
K2L DESIGNS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

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%

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.

 
2.7

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.

 
2.8

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.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.10

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.

Page 4

 
K2L DESIGNS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

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


At 1 July 2023
1,500


Additions
3,570



At 30 June 2024

5,070



Depreciation


At 1 July 2023
674


Charge for the year on owned assets
737



At 30 June 2024

1,411



Net book value



At 30 June 2024
3,659



At 30 June 2023
826


5.


Debtors

2024
2023
£
£


Other debtors
-
508

-
508



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
20,993
1,096

20,993
1,096


Page 5

 
K2L DESIGNS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
250
-

Other taxation and social security
120
-

Other creditors
7,681
1,277

Accruals and deferred income
1,890
1,200

9,941
2,477


 
Page 6