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Company No: 13075146 (England and Wales)

KI-NITRO COLLECTIVE LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

KI-NITRO COLLECTIVE LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

KI-NITRO COLLECTIVE LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2024
KI-NITRO COLLECTIVE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024
DIRECTOR Thomas Tuschek
REGISTERED OFFICE Gascoyne House
Moseleys Farm Business Centre
Fornham All Saints
Bury St. Edmunds
IP28 6JY
United Kingdom
COMPANY NUMBER 13075146 (England and Wales)
CHARTERED ACCOUNTANTS Gascoynes
Gascoyne House
Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
Suffolk
IP28 6JY
KI-NITRO COLLECTIVE LIMITED

BALANCE SHEET

As at 31 December 2024
KI-NITRO COLLECTIVE LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 2,097 1,990
2,097 1,990
Current assets
Debtors 4 1,714,361 448,530
Cash at bank and in hand 486,753 455,725
2,201,114 904,255
Creditors: amounts falling due within one year 5 ( 377,259) ( 132,678)
Net current assets 1,823,855 771,577
Total assets less current liabilities 1,825,952 773,567
Net assets 1,825,952 773,567
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 1,825,852 773,467
Total shareholder's funds 1,825,952 773,567

For the financial 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.

Director's responsibilities:

The financial statements of Ki-Nitro Collective Limited (registered number: 13075146) were approved and authorised for issue by the Director on 06 June 2025. They were signed on its behalf by:

Thomas Tuschek
Director
KI-NITRO COLLECTIVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
KI-NITRO COLLECTIVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Ki-Nitro Collective Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Gascoyne House, Moseleys Farm Business Centre, Fornham All Saints, Bury St. Edmunds, IP28 6JY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 January 2024 2,752 2,752
Additions 748 748
At 31 December 2024 3,500 3,500
Accumulated depreciation
At 01 January 2024 762 762
Charge for the financial year 641 641
At 31 December 2024 1,403 1,403
Net book value
At 31 December 2024 2,097 2,097
At 31 December 2023 1,990 1,990

4. Debtors

2024 2023
£ £
Trade debtors 52,376 140,294
Amounts owed by Group undertakings 1,644,846 0
Other debtors 17,139 308,236
1,714,361 448,530

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 3,448 38,582
Taxation and social security 372,485 51,502
Other creditors 1,326 42,594
377,259 132,678

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100