IRIS Accounts Production v24.3.2.46 06296540 director 1.7.23 30.6.24 30.6.24 false true false false true false Ordinary shares 1.00000 Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh062965402023-06-30062965402024-06-30062965402023-07-012024-06-30062965402022-06-30062965402022-07-012023-06-30062965402023-06-3006296540ns15:EnglandWales2023-07-012024-06-3006296540ns14:PoundSterling2023-07-012024-06-3006296540ns10:Director12023-07-012024-06-3006296540ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3006296540ns10:SmallEntities2023-07-012024-06-3006296540ns10:AuditExemptWithAccountantsReport2023-07-012024-06-3006296540ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3006296540ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3006296540ns10:FullAccounts2023-07-012024-06-3006296540ns10:OrdinaryShareClass12023-07-012024-06-3006296540ns10:CompanySecretary12023-07-012024-06-3006296540ns10:RegisteredOffice2023-07-012024-06-3006296540ns5:CurrentFinancialInstruments2024-06-3006296540ns5:CurrentFinancialInstruments2023-06-3006296540ns5:ShareCapital2024-06-3006296540ns5:ShareCapital2023-06-3006296540ns5:RetainedEarningsAccumulatedLosses2024-06-3006296540ns5:RetainedEarningsAccumulatedLosses2023-06-3006296540ns5:PlantMachinery2023-06-3006296540ns5:FurnitureFittings2023-06-3006296540ns5:ComputerEquipment2023-06-3006296540ns5:PlantMachinery2023-07-012024-06-3006296540ns5:FurnitureFittings2023-07-012024-06-3006296540ns5:ComputerEquipment2023-07-012024-06-3006296540ns5:PlantMachinery2024-06-3006296540ns5:FurnitureFittings2024-06-3006296540ns5:ComputerEquipment2024-06-3006296540ns5:PlantMachinery2023-06-3006296540ns5:FurnitureFittings2023-06-3006296540ns5:ComputerEquipment2023-06-3006296540ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3006296540ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3006296540ns10:OrdinaryShareClass12024-06-30062965401ns10:Director12023-06-30062965401ns10:Director12022-06-30062965401ns10:Director12023-07-012024-06-30062965401ns10:Director12022-07-012023-06-30062965401ns10:Director12024-06-30062965401ns10:Director12023-06-30
REGISTERED NUMBER: 06296540 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

KOSMIK ENTERPRISES LTD

KOSMIK ENTERPRISES LTD (REGISTERED NUMBER: 06296540)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Accountants' Report 2

Statement of Financial Position 3 to 4

Notes to the Financial Statements 5 to 8


KOSMIK ENTERPRISES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mr T J Downes





SECRETARY: Mrs D L Downes





REGISTERED OFFICE: First Floor North
40 Oxford Road
High Wycombe
Buckinghamshire
HP11 2EE





REGISTERED NUMBER: 06296540 (England and Wales)





ACCOUNTANTS: Seymour Taylor Limited
First Floor North
40 Oxford Road
High Wycombe
Buckinghamshire
HP11 2EE

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
KOSMIK ENTERPRISES LTD


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kosmik Enterprises Ltd for the year ended 30 June 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Kosmik Enterprises Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kosmik Enterprises Ltd and state those matters that we have agreed to state to the director of Kosmik Enterprises Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kosmik Enterprises Ltd and its director for our work or for this report.

It is your duty to ensure that Kosmik Enterprises Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kosmik Enterprises Ltd. You consider that Kosmik Enterprises Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kosmik Enterprises Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Seymour Taylor Limited
First Floor North
40 Oxford Road
High Wycombe
Buckinghamshire
HP11 2EE


18 March 2025

KOSMIK ENTERPRISES LTD (REGISTERED NUMBER: 06296540)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,989 3,867

CURRENT ASSETS
Debtors 5 1,249 483
Cash at bank 37,693 54,708
38,942 55,191
CREDITORS
Amounts falling due within one year 6 7,310 8,003
NET CURRENT ASSETS 31,632 47,188
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,621

51,055

PROVISIONS FOR LIABILITIES 1,898 735
NET ASSETS 39,723 50,320

CAPITAL AND RESERVES
Called up share capital 7 10 10
Retained earnings 39,713 50,310
SHAREHOLDERS' FUNDS 39,723 50,320

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

KOSMIK ENTERPRISES LTD (REGISTERED NUMBER: 06296540)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 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 director and authorised for issue on 18 March 2025 and were signed by:





Mr T J Downes - Director


KOSMIK ENTERPRISES LTD (REGISTERED NUMBER: 06296540)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. GENERAL INFORMATION

Kosmik Enterprises Ltd is a private company limited by shares and incorporated in England and Wales. The address of the company's registered office is First Floor North, 40 Oxford Road, High Wycombe, Buckinghamshire, HP11 2EE. The principal place of business is Beirnfels, North Road, Widmer End, High Wycombe, Buckinghamshire, HP15 6NE. The registered number is 06296540.

The presentation currency of these financial statements is Sterling (£), being the currency of the primary economic market in which the entity operates (its functional currency). All amounts in these financial statements have been rounded to the nearest pound unless stated otherwise.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The directors have assessed expected future cashflows, giving due consideration to all relevant factors affecting the company. The directors have considered the potential impact on the company as well as its capital resources and believe that the company has adequate resources in place to continue in operation for at least twelve months from the date of approval of the financial statements. Consequently, the company continues to adopt the going concern basis in preparing these financial statements.

Turnover
Turnover is measured at the fair value of consideration received or receivable for services provided, net of value added tax.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

The company assesses at each reporting date whether tangible fixed assets are impaired.

Depreciation
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimate useful life:

Asset classDepreciation method and rate
Plant and machinery - 20% on reducing balance
Fixtures and fittings - straight line over 3 years
Computer equipment - straight line over 3 years

Depreciation methods, useful lives and residual values are reviewed if there is an indication of a significant change since the last annual reporting date in the pattern by which the company expects to consume an asset's future economic benefits.


KOSMIK ENTERPRISES LTD (REGISTERED NUMBER: 06296540)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
Taxation
Tax on the profit or loss 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 directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the statement of financial position date, and any adjustment to tax payable in respect of previous years.

Deferred tax
Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Differences between accumulated depreciation and tax allowances for the cost of a fixed asset, if and when all conditions for retaining the tax allowances have been met, are not provided for. Deferred tax is not recognised on permanent differences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense.

Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the statement of financial position date. Deferred tax balances are not discounted.

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.

Financial instruments
The company has applied the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instrument Issues" of FRS 102 to its financial statements.

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

KOSMIK ENTERPRISES LTD (REGISTERED NUMBER: 06296540)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023 6,710 2,235 5,920 14,865
Additions 1,316 530 9,518 11,364
Disposals (1,822 ) (2,235 ) (4,620 ) (8,677 )
At 30 June 2024 6,204 530 10,818 17,552
DEPRECIATION
At 1 July 2023 3,709 2,235 5,054 10,998
Charge for year 714 177 3,605 4,496
Eliminated on disposal (1,076 ) (2,235 ) (4,620 ) (7,931 )
At 30 June 2024 3,347 177 4,039 7,563
NET BOOK VALUE
At 30 June 2024 2,857 353 6,779 9,989
At 30 June 2023 3,001 - 866 3,867

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,249 483

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 76 -
Taxation and social security 3,446 5,394
Other creditors 3,788 2,609
7,310 8,003

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary shares £1 10 10

KOSMIK ENTERPRISES LTD (REGISTERED NUMBER: 06296540)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mr T J Downes
Balance outstanding at start of year 483 301
Amounts advanced 3,111 1,162
Amounts repaid (2,345 ) (980 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,249 483

This loan is interest free and repayable on demand.