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Company registration number: 09902056
Kinray Consulting Ltd
Unaudited filleted financial statements
31 December 2024
Kinray Consulting Ltd
Contents
Statement of financial position
Notes to the financial statements
Kinray Consulting Ltd
Statement of financial position
31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 179 -
_______ _______
179 -
Current assets
Debtors 6 8,826 19,791
Cash at bank and in hand 235,607 213,329
_______ _______
244,433 233,120
Creditors: amounts falling due
within one year 7 ( 12,422) ( 15,339)
_______ _______
Net current assets 232,011 217,781
_______ _______
Total assets less current liabilities 232,190 217,781
Provisions for liabilities ( 45) -
_______ _______
Net assets 232,145 217,781
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 232,143 217,779
_______ _______
Shareholders funds 232,145 217,781
_______ _______
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 09 May 2025 , and are signed on behalf of the board by:
Susan King
Director
Company registration number: 09902056
Kinray Consulting Ltd
Notes to the financial statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Cornhouse Buildings, Claydons Lane, Rayleigh, Essex, SS6 7UP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 33 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 January 2024 3,167 3,167
Additions 208 208
_______ _______
At 31 December 2024 3,375 3,375
_______ _______
Depreciation
At 1 January 2024 3,167 3,167
Charge for the year 29 29
_______ _______
At 31 December 2024 3,196 3,196
_______ _______
Carrying amount
At 31 December 2024 179 179
_______ _______
At 31 December 2023 - -
_______ _______
6. Debtors
2024 2023
£ £
Trade debtors 315 19,200
Other debtors 8,511 591
_______ _______
8,826 19,791
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Corporation tax 3,879 5,973
Social security and other taxes 4,723 6,642
Other creditors 3,820 2,724
_______ _______
12,422 15,339
_______ _______
8. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Susan King ( 1,096) ( 564) ( 1,660)
Bronson Raymond Maginley ( 413) ( 312) ( 725)
_______ _______ _______
( 1,509) ( 876) ( 2,385)
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Susan King ( 1,809) 713 ( 1,096)
Bronson Raymond Maginley ( 1,117) 704 ( 413)
_______ _______ _______
( 2,926) 1,417 ( 1,509)
_______ _______ _______