Company Registration No. 13437078 (England and Wales)
Kinetic Motion Limited
Unaudited accounts
for the year ended 30 June 2024
Kinetic Motion Limited
Unaudited accounts
Contents
Kinetic Motion Limited
Company Information
for the year ended 30 June 2024
Director
HUSSAIN, Sheikh Huma
Company Number
13437078 (England and Wales)
Registered Office
UNIT 3A
RIVERSDALE INDUSTRIAL ESTATE
HACKEN LANE
BOLTON
BL3 1SJ
ENGLAND
Accountants
Enso Accountants Ltd
189c Mauldeth Road
Manchester
M191BA
Kinetic Motion Limited
Statement of financial position
as at 30 June 2024
Cash at bank and in hand
41,885
10,663
Creditors: amounts falling due within one year
(50,236)
(26,518)
Net current assets
64,907
33,580
Called up share capital
1
1
Profit and loss account
66,162
33,579
Shareholders' funds
66,163
33,580
For the year ending 30 June 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 director acknowledges his 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 and authorised for issue on 18 March 2025 and were signed on its behalf by
HUSSAIN, Sheikh Huma
Director
Company Registration No. 13437078
Kinetic Motion Limited
Notes to the Accounts
for the year ended 30 June 2024
Kinetic Motion Limited is a private company, limited by shares, registered in England and Wales, registration number 13437078. The registered office is UNIT 3A, RIVERSDALE INDUSTRIAL ESTATE, HACKEN LANE, BOLTON, BL3 1SJ, ENGLAND.
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 financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. The directors have carefully reviewed the company's current financial position, future cash flows, and the availability of financing, and they have assessed the company's ability to meet its obligations as they fall due.
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.
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
5 yr Straight Line
Computer equipment
3 yr Straight Line
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.
Kinetic Motion Limited
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 30 June 2024
911
550
1,461
Charge for the year
122
83
205
At 30 June 2024
122
83
205
At 30 June 2024
789
467
1,256
Amounts falling due within one year
Amounts falling due after more than one year
Other debtors
64,258
49,435
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
11,697
4,349
Loans from directors
5,989
11,079
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).