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REGISTERED NUMBER: 10585672 (England and Wales)















KIN3TIC PERFORMANCE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025






KIN3TIC PERFORMANCE LIMITED (REGISTERED NUMBER: 10585672)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 6


KIN3TIC PERFORMANCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTOR: J Lingard





REGISTERED OFFICE: 14 Turnstone Road
North Hykeham
Lincoln
Lincolnshire
LN6 3UA





REGISTERED NUMBER: 10585672 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
Oxley House
Lincoln Way
Louth
Lincolnshire
LN11 0LS

KIN3TIC PERFORMANCE LIMITED (REGISTERED NUMBER: 10585672)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 159,325 157,106

CURRENT ASSETS
Debtors 5 2,982 2,974
Cash at bank 80,008 78,746
82,990 81,720
CREDITORS
Amounts falling due within one year 6 52,459 63,648
NET CURRENT ASSETS 30,531 18,072
TOTAL ASSETS LESS CURRENT LIABILITIES 189,856 175,178

CREDITORS
Amounts falling due after more than one year 7 (6,974 ) (9,915 )

PROVISIONS FOR LIABILITIES (14,237 ) (14,470 )
NET ASSETS 168,645 150,793

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 168,545 150,693
SHAREHOLDERS' FUNDS 168,645 150,793

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 19 May 2025 and were signed by:





J Lingard - Director


KIN3TIC PERFORMANCE LIMITED (REGISTERED NUMBER: 10585672)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

Kin3tic Performance Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Improvements to property- 4% on cost
Fixtures & fittings- 20% reducing balance and 20% on cost
Equipment - 20% reducing balance and 20% on cost
Computer equipment- 20% reducing balance
Motor vehicles- 25% reducing balance

Financial instruments
The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


KIN3TIC PERFORMANCE LIMITED (REGISTERED NUMBER: 10585672)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

2. ACCOUNTING POLICIES - continued
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 the inclusion 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 year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial
position. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those
held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is
shorter.

The interest element of these obligations is charged to the income statement over the relevant period. The
capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to income statement on a straight line basis over the period of the lease.

Government grants
Grants 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 towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property Equipment fittings
£    £    £   
COST
At 1 February 2024 114,895 103,038 9,356
Additions 8,300 24,402 -
Disposals (284 ) (12,491 ) (1,727 )
At 31 January 2025 122,911 114,949 7,629
DEPRECIATION
At 1 February 2024 24,635 57,627 5,523
Charge for year 4,751 12,183 827
Eliminated on disposal (76 ) (5,780 ) (1,039 )
At 31 January 2025 29,310 64,030 5,311
NET BOOK VALUE
At 31 January 2025 93,601 50,919 2,318
At 31 January 2024 90,260 45,411 3,833

KIN3TIC PERFORMANCE LIMITED (REGISTERED NUMBER: 10585672)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2024 15,035 11,925 254,249
Additions - - 32,702
Disposals - (3,497 ) (17,999 )
At 31 January 2025 15,035 8,428 268,952
DEPRECIATION
At 1 February 2024 2,842 6,516 97,143
Charge for year 3,048 835 21,644
Eliminated on disposal - (2,265 ) (9,160 )
At 31 January 2025 5,890 5,086 109,627
NET BOOK VALUE
At 31 January 2025 9,145 3,342 159,325
At 31 January 2024 12,193 5,409 157,106

The net book value of tangible fixed assets includes £ 9,145 (2024 - £ 12,193 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 2,982 2,974

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts (see note 8) 883 2,650
Trade creditors 7,219 708
Taxation and social security 24,274 23,959
Other creditors 20,083 36,331
52,459 63,648

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Hire purchase contracts (see note 8) - 883
Other creditors 6,974 9,032
6,974 9,915

KIN3TIC PERFORMANCE LIMITED (REGISTERED NUMBER: 10585672)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2025 2024
£    £   
Net obligations repayable:
Within one year 883 2,650
Between one and five years - 883
883 3,533

Non-cancellable operating leases
2025 2024
£    £   
Within one year 26,000 26,000
Between one and five years 30,333 56,333
56,333 82,333

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary shares £1 100 100