2024-04-012025-03-312025-03-31false10423535KINECTED SOLUTIONS 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KINECTED SOLUTIONS LIMITED

Registered Number
10423535
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

KINECTED SOLUTIONS LIMITED
Company Information
for the year from 1 April 2024 to 31 March 2025

Director

Luke Spalding

Registered Address

14 Glasshouse Studios Fryern Court Road
Burgate
Fordingbridge
SP6 1QX

Registered Number

10423535 (England and Wales)
KINECTED SOLUTIONS LIMITED
Statement of Financial Position
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets4108,92562,796
108,92562,796
Current assets
Stocks14,1595,185
Debtors400,780621,793
Cash at bank and on hand99,48941,659
514,428668,637
Creditors amounts falling due within one year(400,936)(740,793)
Net current assets (liabilities)113,492(72,156)
Total assets less current liabilities222,417(9,360)
Creditors amounts falling due after one year(50,633)-
Provisions for liabilities(28,213)(11,931)
Net assets143,571(21,291)
Capital and reserves
Called up share capital8011,000
Profit and loss account142,770(22,291)
Shareholders' funds143,571(21,291)
The financial statements were approved and authorised for issue by the Director on 14 May 2025, and are signed on its behalf by:
Luke Spalding
Director
Registered Company No. 10423535
KINECTED SOLUTIONS LIMITED
Notes to the Financial Statements
for the year ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
Turnover represents net invoiced sales of goods and services, excluding value added tax.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit or loss in the period in which they relate.
Foreign currency translation
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
Current taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. Timing differences arise from teh icnludsion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end date that are expected to apply to the reversal of timing differences. 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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Plant and machinery-3
Fixtures and fittings20-
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2.Average number of employees

20252024
Average number of employees during the year25
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 24209,413
Additions90,457
At 31 March 25299,870
Depreciation and impairment
At 01 April 24146,617
Charge for year44,328
At 31 March 25190,945
Net book value
At 31 March 25108,925
At 31 March 2462,796
5.Obligations under finance leases

2025

2024

££
Finance lease and HP contracts50,633-
6.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Luke Spalding60,87415,00060,68015,194
Robert Ian Jones30,74025,00055,7400
91,61440,000116,42015,194