Registered number
08623440
Kayra Technologies Ltd
Filleted Accounts
31 July 2024
Kayra Technologies Ltd
Registered number: 08623440
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Current assets
Investments held as current assets 4 300,617 292,900
Cash at bank and in hand 7,533 81,644
308,150 374,544
Creditors: amounts falling due within one year 5 (3,208) (3,289)
Net current assets 304,942 371,255
Total assets less current liabilities 304,942 371,255
Creditors: amounts falling due after more than one year 6 (219,584) (299,635)
Net assets 85,358 71,620
Capital and reserves
Called up share capital 40,000 40,000
Profit and loss account 45,358 31,620
Shareholders' funds 85,358 71,620
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Kemal Eser Utku
Director
Approved by the board on 23 April 2025
Kayra Technologies Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 5,033
At 31 July 2024 5,033
Depreciation
At 1 August 2023 5,033
At 31 July 2024 5,033
Net book value
At 31 July 2024 -
4 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 300,617 292,900
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 3,210 2,289
Other creditors (2) 1,000
3,208 3,289
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 219,584 299,635
7 Controlling party
The company is under the control of its director & shareholder, Kemal Eser Utku.
8 Other information
Kayra Technologies Ltd is a private company limited by shares and incorporated in England. Its registered office is:
7 Reservoir Crescent
Reading
RG1 6FG
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