KVATT LIMITED

Company Registration Number:
12261816 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

KVATT LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Additional notes
Balance sheet notes

KVATT LIMITED

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,925 2,649
Total fixed assets: 1,925 2,649
Current assets
Debtors: 4 35,602 56,904
Cash at bank and in hand: 40,714 106,324
Total current assets: 76,316 163,228
Creditors: amounts falling due within one year: 5 ( 9,643 ) ( 10,651 )
Net current assets (liabilities): 66,673 152,577
Total assets less current liabilities: 68,598 155,226
Total net assets (liabilities): 68,598 155,226
Capital and reserves
Called up share capital: 11,220 11,220
Share premium account: 452,253 452,253
Profit and loss account: (394,875 ) (308,247 )
Total Shareholders' funds: 68,598 155,226

The notes form part of these financial statements

KVATT LIMITED

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption 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 directors acknowledge their 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 26 September 2024
and signed on behalf of the board by:

Name: G Bachtold
Status: Director

The notes form part of these financial statements

KVATT LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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.

    Tangible fixed assets depreciation policy

    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 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: Office Equipment - 25% reducing balance

KVATT LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 6

KVATT LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2023 7,000 7,000
Additions
Disposals
Revaluations
Transfers
At 30 June 2024 7,000 7,000
Depreciation
At 1 July 2023 4,351 4,351
Charge for year 724 724
On disposals
Other adjustments
At 30 June 2024 5,075 5,075
Net book value
At 30 June 2024 1,925 1,925
At 30 June 2023 2,649 2,649

KVATT LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Debtors

2024 2023
£ £
Trade debtors 0 4,172
Other debtors 35,602 52,732
Total 35,602 56,904

KVATT LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 5,952 5,953
Taxation and social security 917 1,948
Accruals and deferred income 2,750 2,750
Other creditors 24
Total 9,643 10,651