2 2 Kievits Limited 4743420 false 2023-05-01 2024-04-29 2024-04-29 The principal activity of the company is the provision of specialist and managerial resources, specialising in the development of Speech Software. Also the running of training sessions, conferences and seminars. Digita Accounts Production Advanced 6.30.9574.0 true true 4743420 2023-05-01 2024-04-29 4743420 2024-04-29 4743420 bus:OrdinaryShareClass1 2024-04-29 4743420 core:CurrentFinancialInstruments 2024-04-29 4743420 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-29 4743420 core:Non-currentFinancialInstruments 2024-04-29 4743420 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-29 4743420 core:FurnitureFittingsToolsEquipment 2024-04-29 4743420 bus:SmallEntities 2023-05-01 2024-04-29 4743420 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-29 4743420 bus:FilletedAccounts 2023-05-01 2024-04-29 4743420 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-29 4743420 bus:RegisteredOffice 2023-05-01 2024-04-29 4743420 bus:Director1 2023-05-01 2024-04-29 4743420 bus:OrdinaryShareClass1 2023-05-01 2024-04-29 4743420 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-29 4743420 core:OfficeEquipment 2023-05-01 2024-04-29 4743420 countries:EnglandWales 2023-05-01 2024-04-29 4743420 2023-04-30 4743420 core:FurnitureFittingsToolsEquipment 2023-04-30 4743420 2022-05-01 2023-04-30 4743420 2023-04-30 4743420 bus:OrdinaryShareClass1 2023-04-30 4743420 core:CurrentFinancialInstruments 2023-04-30 4743420 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 4743420 core:Non-currentFinancialInstruments 2023-04-30 4743420 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 xbrli:pure iso4217:GBP xbrli:shares

Kievits Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 May 2023 to 29 April 2024

Registration number: 4743420

 

Kievits Limited

Contents

Statement of financial position

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Kievits Limited

(Registration number: 4743420)
Statement of financial position as at 29 April 2024

Note

2024
£

2023
£

Current assets

 

Debtors

5

106,119

95,710

Cash at bank and in hand

 

5,208

1,002

 

111,327

96,712

Creditors: Amounts falling due within one year

6

(316,010)

(294,138)

Total assets less current liabilities

 

(204,683)

(197,426)

Creditors: Amounts falling due after more than one year

6

(3,336)

(3,399)

Net liabilities

 

(208,019)

(200,825)

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

(208,021)

(200,827)

Shareholders' deficit

 

(208,019)

(200,825)

For the financial period ending 29 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income statement.

 

Kievits Limited

(Registration number: 4743420)
Statement of financial position as at 29 April 2024

Approved and authorised by the director on 2 April 2025
 

.........................................
F Kievits
Director

 

Kievits Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 29 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Solo House
The Courtyard
London Road
Horsham
West Sussex
RH12 1AT

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company has sustained historical financial losses. The business is fully supported by its director by way of directors loans. The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Kievits Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 29 April 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Kievits Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 29 April 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 2 (2023 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2023

3,101

3,101

At 29 April 2024

3,101

3,101

Depreciation

At 1 May 2023

3,101

3,101

At 29 April 2024

3,101

3,101

Carrying amount

At 29 April 2024

-

-

 

Kievits Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 29 April 2024

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

105,150

94,771

Other debtors

 

969

939

   

106,119

95,710

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

1,380

1,380

Trade creditors

 

1,035

1,035

Accruals and deferred income

 

1,140

1,140

Other creditors

 

312,455

290,583

 

316,010

294,138

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

3,336

3,399

 

Kievits Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 29 April 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

3,336

3,399

Current loans and borrowings

2024
£

2023
£

Bank borrowings

1,380

1,380