Company Registration No. 14306052 (England and Wales)
Kinetic International UK Ltd
Unaudited accounts
for the year ended 31 December 2024
Kinetic International UK Ltd
Unaudited accounts
Contents
Kinetic International UK Ltd
Company Information
for the year ended 31 December 2024
Directors
Thomas Duncan
Timothy Trailor
Company Number
14306052 (England and Wales)
Registered Office
4th Floor Office
205 Regent Street
London
W1B 4HB
ENGLAND
Kinetic International UK Ltd
Statement of financial position
as at 31 December 2024
Intangible assets
26,169
44,502
Cash at bank and in hand
22,432
3,475
Creditors: amounts falling due within one year
(482,989)
(469,765)
Net current assets/(liabilities)
186,257
(348,294)
Total assets less current liabilities
212,426
(303,792)
Creditors: amounts falling due after more than one year
(644,518)
-
Net liabilities
(432,092)
(303,792)
Called up share capital
100
100
Profit and loss account
(432,192)
(303,892)
Shareholders' funds
(432,092)
(303,792)
For the year ending 31 December 2024 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 29 September 2025 and were signed on its behalf by
Timothy Trailor
Director
Company Registration No. 14306052
Kinetic International UK Ltd
Notes to the Accounts
for the year ended 31 December 2024
Kinetic International UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 14306052. The registered office is 4th Floor Office, 205 Regent Street, London, W1B 4HB, 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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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 Directors have a reasonable expectations that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Kinetic International UK Ltd
Notes to the Accounts
for the year ended 31 December 2024
4
Intangible fixed assets
Other
At 31 December 2024
55,000
Charge for the year
18,333
At 31 December 2024
28,831
At 31 December 2024
26,169
At 31 December 2023
44,502
Amounts falling due within one year
Deferred tax asset
144,064
101,297
Accrued income and prepayments
92,021
281
7
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
469,333
469,333
Other creditors
10,083
432
8
Creditors: amounts falling due after more than one year
2024
2023
Amounts owed to group undertakings and other participating interests
644,518
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Kinetic International UK Ltd
Notes to the Accounts
for the year ended 31 December 2024
10
Transactions with related parties
The company is a wholly owned subsidiary of Kinetic Innovation PTE Ltd. The amount owed to Kinetic Innovation PTE Ltd at the balance sheet date was £1,113,850.48. (2023 £469,333)
Kinetic International UK Ltd is a wholly owned subsidiary of Kinetic Innovation PTE Ltd, a company registered in Singapore.
12
Average number of employees
During the year the average number of employees was 5 (2023: 5).