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REGISTERED NUMBER: 08001563 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Konnetix Limited

Konnetix Limited (Registered number: 08001563)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Konnetix Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: D Billinghurst
Mrs R Billinghurst





REGISTERED OFFICE: Trust House Trust Industrial Estate
Wilbury Way
Hitchin
Hertfordshire
SG4 0UZ





REGISTERED NUMBER: 08001563 (England and Wales)






Konnetix Limited (Registered number: 08001563)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 25,850 27,937

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 60,059 40,608
Cash at bank 163,367 151,964
228,426 197,572
CREDITORS
Amounts falling due within one year 6 131,829 93,222
NET CURRENT ASSETS 96,597 104,350
TOTAL ASSETS LESS CURRENT
LIABILITIES

122,447

132,287

CREDITORS
Amounts falling due after more than one year 7 (10,616 ) (32,421 )

PROVISIONS FOR LIABILITIES (4,877 ) (5,274 )
NET ASSETS 106,954 94,592

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 106,854 94,492
106,954 94,592

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Konnetix Limited (Registered number: 08001563)

Balance Sheet - continued
31 March 2025


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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by:





D Billinghurst - Director


Konnetix Limited (Registered number: 08001563)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

Konnetix 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.

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.

These financial statements have been prepared using the historical cost convention

The financial statements are prepared in sterling, which is the functional currency of the entity.

Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102
Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and
Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small
companies' regime).

Judgements
The preparation of the financial statements requires management to make judgements, estimates and
assumptions that affect the amounts reported. These estimates and judgements are continually reviewed
and are based on experience and other factors, including expectations of future events that are believed
to be reasonable under the circumstances.

Revenue recognition
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Profit and Loss, 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.


Konnetix Limited (Registered number: 08001563)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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 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.

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.

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits,

Trade debtors
Trade debtors are amounts due from customers for merchandise sold in the ordinary course of business.

Trade debtors are recognised initially at the transaction price.

Trade creditors
Trade creditors are recognised at the transaction price.

Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or
other resources received or receivable, net of the direct costs of issuing the equity instruments. If
payment is deferred and the time value of money is material, the initial measurement is on a present
value basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

Konnetix Limited (Registered number: 08001563)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 April 2024 9,480 6,901 37,117 53,498
Additions - - 4,026 4,026
At 31 March 2025 9,480 6,901 41,143 57,524
DEPRECIATION
At 1 April 2024 1,339 6,878 17,344 25,561
Charge for year 948 23 5,142 6,113
At 31 March 2025 2,287 6,901 22,486 31,674
NET BOOK VALUE
At 31 March 2025 7,193 - 18,657 25,850
At 31 March 2024 8,141 23 19,773 27,937

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 28,299 30,278
Other debtors 31,760 10,330
60,059 40,608

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 7,065 9,420
Taxation and social security 48,743 20,723
Other creditors 66,021 53,079
131,829 93,222

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 2,500 12,500
Taxation and social security - 19,921
Other creditors 8,116 -
10,616 32,421

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £54,000 were paid to the directors .

At the balance sheet date, the company owed £725 to (2024: £2,434) D Billinghurst. There are no terms
of repayment or interest charged on this loan.

Konnetix Limited (Registered number: 08001563)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Billinghurst.