KIZOOT LIMITED

Company Registration Number:
10291742 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

KIZOOT LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Notes

KIZOOT LIMITED

Balance sheet

As at 31 July 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 0 10,983
Total fixed assets: 0 10,983
Current assets
Debtors:   1,275 6,032
Cash at bank and in hand: 24,617 25,941
Total current assets: 25,892 31,973
Creditors: amounts falling due within one year:   (16,534) (22,939)
Net current assets (liabilities): 9,358 9,034
Total assets less current liabilities: 9,358 20,017
Creditors: amounts falling due after more than one year:   (85,000) (85,000)
Total net assets (liabilities): (75,642) (64,983)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (75,742) (65,083)
Shareholders funds: (75,642) (64,983)

The notes form part of these financial statements

KIZOOT LIMITED

Balance sheet statements

For the year ending 31 July 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

This report was approved by the board of directors on 10 April 2025
and signed on behalf of the board by:

Name: M D Ledzion
Status: Director

The notes form part of these financial statements

KIZOOT LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

1. Accounting policies

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

Turnover policy

Kizoot Limited owns and operates Clubbly.co.uk, a cloud platform that connects schools to activity club leaders and automates away the associated administration. The business trades under the (fully owned) trading name of Clubbly In line with Financial Reporting Standard 102, Revenue Recognition income has been recognised when the company obtains the right to consideration in exchange for it's performance.

Intangible fixed assets and amortisation policy

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. Computer software is being amortised evenly over its estimated useful life of 5 years.

Other accounting policies

Going concern The directors have considered the financial position of the company and believe it is well placed to manage its business risks successfully. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Loan creditor's have agreed to defer payment of their existing loans and have offered future financial support in order to allow the company to trade. Thus the directors continue to adopt the going concern basis of preparation in preparing the financial statements.

KIZOOT LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

KIZOOT LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Intangible Assets

Total
Cost £
At 01 August 2023 54,914
At 31 July 2024 54,914
Amortisation
At 01 August 2023 43,931
Charge for year 10,983
At 31 July 2024 54,914
Net book value
At 31 July 2024 0
At 31 July 2023 10,983