Company Registration No. 12591508 (England and Wales)
KAI CONVERSATIONS LIMITED
Unaudited accounts
for the year ended 31 May 2025
KAI CONVERSATIONS LIMITED
Unaudited accounts
Contents
KAI CONVERSATIONS LIMITED
Company Information
for the year ended 31 May 2025
Directors
Adam Spencer Knights
David Charles Joseph Naylor
David Williams
Company Number
12591508 (England and Wales)
Registered Office
1 The Byre, Black Boy Lane
Hurley
Maidenhead
SL6 5NS
England
Accountants
Nick Radcliffe ACMA
West View
Brownshill
Stroud
Gloucestershire
GL6 8AQ
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
KAI CONVERSATIONS LIMITED
for the year ended 31 May 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of KAI CONVERSATIONS LIMITED for the year ended 31 May 2025 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Nick Radcliffe ACMA
Member in Practice
West View
Brownshill
Stroud
Gloucestershire
GL6 8AQ
26 May 2025
KAI CONVERSATIONS LIMITED
Statement of financial position
as at 31 May 2025
Called up share capital not paid
290
290
Cash at bank and in hand
92,545
36,393
Creditors: amounts falling due within one year
(201,791)
(92,507)
Net current assets
84,595
26,293
Total assets less current liabilities
84,885
26,583
Creditors: amounts falling due after more than one year
(825,240)
(974,400)
Net liabilities
(740,355)
(947,817)
Called up share capital
466
459
Share premium
1,715,747
910,383
Profit and loss account
(2,456,568)
(1,858,659)
Shareholders' funds
(740,355)
(947,817)
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by
David Williams
Director
Company Registration No. 12591508
KAI CONVERSATIONS LIMITED
Notes to the Accounts
for the year ended 31 May 2025
KAI CONVERSATIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12591508. The registered office is 1 The Byre, Black Boy Lane, Hurley, Maidenhead, SL6 5NS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Expenditure on research and development is written off in the year in which it is incurred.
The Company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due. The assets of the Scheme are held separately from the Company in independently administered funds.
KAI Conversations is privately funded by the Directors and a number of external shareholders. Further investment was raised during the 2024-25 year. Additionally, a Series A capital raise is planned for Quarter 1 2026. The Directors therefore have reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and consider the preparation of the financial statements on the going concern basis to be appropriate.
KAI CONVERSATIONS LIMITED
Notes to the Accounts
for the year ended 31 May 2025
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
193,841
59,520
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
188,880
147,927
Taxes and social security
(184,773)
(167,093)
Other creditors
25,624
2,141
7
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
50,000
350,000
Loans from directors
775,240
624,400
Allotted, called up and fully paid:
46,642 Ordinary shares of £0.01 each
466.42
459.15
Shares issued during the period:
727 Ordinary shares of £0.01 each
7.27
KAI CONVERSATIONS LIMITED
Notes to the Accounts
for the year ended 31 May 2025
9
Average number of employees
During the year the average number of employees was 8 (2024: 8).