Registered number
04969033
Kizko Limited
Filleted Accounts
31 March 2025
Kizko Limited
Registered number: 04969033
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 4 39,084 2,586
Current assets
Debtors 5 13,335 18,807
Cash at bank and in hand 46,372 62,116
59,707 80,923
Creditors: amounts falling due within one year 6 (19,123) (42,945)
Net current assets 40,584 37,978
Total assets less current liabilities 79,668 40,564
Provisions for liabilities (7,450) -
Net assets 72,218 40,564
Capital and reserves
Called up share capital 2 2
Profit and loss account 72,216 40,562
Shareholders' funds 72,218 40,564
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
EA Sharpley
Director
Approved by the board on 16 July 2025
Kizko Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 25 - 33% reducing balance
Fixtures, fittings, tools and equipment 33% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2024 71,430
At 31 March 2025 71,430
Amortisation
At 1 April 2024 71,430
At 31 March 2025 71,430
Net book value
At 31 March 2025 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 10,823 13,833 24,656
Additions - 52,000 52,000
Disposals - (13,833) (13,833)
At 31 March 2025 10,823 52,000 62,823
Depreciation
At 1 April 2024 10,699 11,371 22,070
Charge for the year 40 13,000 13,040
On disposals - (11,371) (11,371)
At 31 March 2025 10,739 13,000 23,739
Net book value
At 31 March 2025 84 39,000 39,084
At 31 March 2024 124 2,462 2,586
5 Debtors 2025 2024
£ £
Trade debtors 13,335 18,807
6 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 14 14
Trade creditors 5,213 7,580
Taxation and social security costs 11,210 33,208
Other creditors 2,686 2,143
19,123 42,945
7 Other information
Kizko Limited is a private company limited by shares and incorporated in England. Its registered office is:
21 Darley Road
Old Trafford
M16 0DG
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