Registered Number:10957407 |
For the period ended 31 December 2024
England and Wales
Unaudited Financial Statements
For the period ended 31 December 2024
Kinetic Alliance Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Kinetic Alliance Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
1,050
352
2
1,050
352
Trade and other receivables |
77,873
206,567
3
30,777
Cash and cash equivalents |
15,419
221,986
108,650
Trade and other payables: amounts falling due within one |
year |
(91,677)
(130,414)
4
16,973
91,572
Net current assets
Total assets less current liabilities |
92,622
17,325
Trade and other payables: amounts falling due after more |
than one year |
(15,000)
(57,571)
5
35,051
Net assets
2,325
300
300
34,751
2,025
35,051
2,325
Shareholders' funds
For the period ended 31 December 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 of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Thomas Roberts Director |
Mr Stuart Roberts Director |
These financial statements were approved and authorised for issue by the Board on 04 April 2025 and were signed by: |
The notes form part of these financial statements |
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For the period ended 31 December 2024
Kinetic Alliance Limited
Notes to the Financial Statements
Statutory Information
Kinetic Alliance Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 10957407. |
Office 4.07
470 Bath Road
Bristol
BS4 3AP
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Revenue is recognised under contracts for services where those services have been performed or the contract is non-refundable. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer Equipment
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result. |
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the period ended 31 December 2024
Kinetic Alliance Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
9,010
8,689
321
1,251
1,251
-
321
9,940
10,261
Provision for depreciation and impairment |
8,658
8,390
268
Charge for period
553
500
53
9,211
8,890
321
-
1,050
1,050
53
299
352
3. Trade and other receivables |
2023
2024
17,162
24,622
Prepayments and accrued income |
5,100
5,100
Amounts owed by directors |
140,657
36,001
Taxation and social security |
4,278
-
39,370
12,150
77,873
206,567
The debtors above include the following amounts falling due after more than one year: |
39,370
12,150
4. Trade and other payables: amounts falling due within one year |
2023
2024
20,578
9,000
Taxation and social security |
43,437
50,852
Accruals and deferred income |
55,689
30,944
10,710
881
130,414
91,677
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For the period ended 31 December 2024
Kinetic Alliance Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year |
2023
2024
57,571
15,000
6. Related party transactions |
During the year the director received loans of £35,250 (2023: £11,955). The loans incur interest at 2.25% and are |
repayable on demand |
The amount oustanding at the balance sheet date was £47,206 (2023: £11,955). |
During the year the director received loans of £34,265 (2023: £11,939). The loans incur interest at 2.25% and are |
repayable on demand |
The amount oustanding at the balance sheet date was £46,205 (2023: £11,939). |
During the year the director received loans of £35,139 (2023: £12,105). The loans incur interest at 2.25% and are |
repayable on demand |
The amount oustanding at the balance sheet date was £47,244 (2023: £12,105). |
On 26 March 2025 the accounting date was changed to 31 December to align with company budget year. As such these financial statements comprise the 15 months to 31st December 2024, whereas the previous financial year covered a period of 12 months. |
8. Average number of persons employed |
During the year the average number of employees was 8 (2023 : 5)
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For the period ended 31 December 2024
Kinetic Alliance Limited
Notes to the Financial Statements Continued
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