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Registration number: 15434065

Kiffix Ltd

Unaudited Filleted Financial Statements

for the Period from 23 January 2024 to 31 January 2025

 

Kiffix Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Kiffix Ltd

Company Information

Directors

C Jones

B Rafferty

D Bezuidenhout

Registered office

80-83 Long Lane
London
EC1A 9ET

Accountants

Carbon Accountancy Limited 80-83 Long Lane
London
EC1A 9ET

 

Kiffix Ltd

(Registration number: 15434065)
Balance Sheet as at 31 January 2025

Note

2025
£

Fixed assets

 

Intangible assets

4

36,384

Tangible assets

5

276

 

36,660

Current assets

 

Debtors

6

137

Cash at bank and in hand

 

6,971

 

7,108

Creditors: Amounts falling due within one year

7

(19,859)

Net current liabilities

 

(12,751)

Net assets

 

23,909

Capital and reserves

 

Called up share capital

8

1,017

Share premium reserve

55,095

Retained earnings

(32,203)

Shareholders' funds

 

23,909

For the financial period ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 August 2025 and signed on its behalf by:
 

.........................................
B Rafferty
Director

 

Kiffix Ltd

Notes to the Unaudited Financial Statements for the Period from 23 January 2024 to 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
80-83 Long Lane
London
EC1A 9ET

These financial statements were authorised for issue by the Board on 13 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Kiffix Ltd

Notes to the Unaudited Financial Statements for the Period from 23 January 2024 to 31 January 2025 (continued)

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

25% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Other intangible assets

over 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Kiffix Ltd

Notes to the Unaudited Financial Statements for the Period from 23 January 2024 to 31 January 2025 (continued)

2

Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3.

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

Additions acquired separately

45,480

45,480

At 31 January 2025

45,480

45,480

Amortisation

Amortisation charge

9,096

9,096

At 31 January 2025

9,096

9,096

Carrying amount

At 31 January 2025

36,384

36,384

 

Kiffix Ltd

Notes to the Unaudited Financial Statements for the Period from 23 January 2024 to 31 January 2025 (continued)

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

369

369

At 31 January 2025

369

369

Depreciation

Charge for the period

93

93

At 31 January 2025

93

93

Carrying amount

At 31 January 2025

276

276

6

Debtors

Current

2025
£

Prepayments

137

 

137

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

Due within one year

 

Loans and borrowings

9

8

Trade creditors

 

100

Taxation and social security

 

51

Accruals and deferred income

 

4,700

Other creditors

 

15,000

 

19,859

 

Kiffix Ltd

Notes to the Unaudited Financial Statements for the Period from 23 January 2024 to 31 January 2025 (continued)

8

Share capital

Allotted, called up and fully paid shares

2025

No.

£

Ordinary shares of £0.01 each

101,749

1,017

   

9

Loans and borrowings

Current loans and borrowings

2025
£

Bank overdrafts

8

10

Related party transactions

At the balance sheet date, amounts owed to the directors were as follows:

C Jones £10,000
B Rafferty £5,000

Included in consultancy fees is £6,750 which was paid to the shareholder and director of the company, D. Bezuidenhout