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REGISTERED NUMBER: 07975167 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Kinetik Labs Limited

Kinetik Labs Limited (Registered number: 07975167)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Kinetik Labs Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: S D Tickle





REGISTERED OFFICE: Alexander House
3A Blenheim Road
Epsom
Surrey
KT19 9AP





REGISTERED NUMBER: 07975167 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
Freedman House
Christopher Wren Yard
117 High Street
Croydon
Surrey
CR0 1QG

Kinetik Labs Limited (Registered number: 07975167)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 50,395 60,474

CURRENT ASSETS
Cash at bank and in hand 17,286 18,439

CREDITORS
Amounts falling due within one year 6 47,187 47,587
NET CURRENT LIABILITIES (29,901 ) (29,148 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,494

31,326

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 20,394 31,226
SHAREHOLDERS' FUNDS 20,494 31,326

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

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

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 7 April 2025 and were signed by:





S D Tickle - Director


Kinetik Labs Limited (Registered number: 07975167)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Kinetik Labs 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. STATEMENT OF COMPLIANCE

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 are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Taxation
Taxation 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 in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

4. EMPLOYEES AND DIRECTORS

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

Kinetik Labs Limited (Registered number: 07975167)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2023
and 31 August 2024 100,790
AMORTISATION
At 1 September 2023 40,316
Charge for year 10,079
At 31 August 2024 50,395
NET BOOK VALUE
At 31 August 2024 50,395
At 31 August 2023 60,474

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Amounts owed to group undertakings 46,808 45,648
Taxation and social security 379 1,939
47,187 47,587

7. SECURED DEBTS

On 29 July 2020, the company entered into a financial arrangement with its bankers who in exchange for lending facilities have taken a debenture charge over the company's assets.