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REGISTERED NUMBER: 11736255 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Kilostate Ltd

Kilostate Ltd (Registered number: 11736255)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kilostate Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: B S Sandhu
B S Sandhu
L Sandhu





REGISTERED OFFICE: 1524 London Road
London
SW16 4EU





REGISTERED NUMBER: 11736255 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Kilostate Ltd (Registered number: 11736255)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 136,400 139,500
Tangible assets 5 1,264 4,010
137,664 143,510

CURRENT ASSETS
Debtors 6 64,614 21,050
Cash at bank 147,482 178,080
212,096 199,130
CREDITORS
Amounts falling due within one year 7 (249,530 ) (205,893 )
NET CURRENT LIABILITIES (37,434 ) (6,763 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

100,230

136,747

CREDITORS
Amounts falling due after more than one
year

8

(53,336

)

(39,760

)

PROVISIONS FOR LIABILITIES (316 ) -
NET ASSETS 46,578 96,987

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 46,575 96,984
46,578 96,987

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Kilostate Ltd (Registered number: 11736255)

Balance Sheet - continued
31 December 2024


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 by the Board of Directors and authorised for issue on 22 April 2025 and were signed on its behalf by:





B S Sandhu - Director


Kilostate Ltd (Registered number: 11736255)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Kilostate Ltd 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.

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.

Going concern
The financial statements have been prepared on the going concern basis which assumes the company will continue to trade. This depends on the ability of the directors to maintain the necessary financial support.

Turnover
Turnover comprises revenue recognised by the company in respect of rents receivable. Revenue is
recognised in the period to which it relates.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of fifty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Kilostate Ltd (Registered number: 11736255)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 155,000
AMORTISATION
At 1 January 2024 15,500
Amortisation for year 3,100
At 31 December 2024 18,600
NET BOOK VALUE
At 31 December 2024 136,400
At 31 December 2023 139,500

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2024
and 31 December 2024 10,985
DEPRECIATION
At 1 January 2024 6,975
Charge for year 2,746
At 31 December 2024 9,721
NET BOOK VALUE
At 31 December 2024 1,264
At 31 December 2023 4,010

Kilostate Ltd (Registered number: 11736255)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 27,011 20,020
Other debtors 37,603 1,030
64,614 21,050

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 56,994 17,644
Trade creditors 214 -
Taxation and social security 4,004 1,053
Other creditors 188,318 187,196
249,530 205,893

Other creditors includes accruals and deferred income of £2,000 (2023: £Nil).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 53,336 39,760

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 9,219 39,760