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Registered number: 03718252
Kingfisher Associates (UK) Ltd.
Unaudited Financial Statements
For The Year Ended 31 May 2025
Artema Ltd
Kingfisher Associates (UK) Ltd.
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Kingfisher Associates (UK) Ltd.
Balance Sheet
As At 31 May 2025
Balance Sheet
Registered number: 03718252

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | 132,385 |  | 26,053
|  |  | 132,385 |  | 26,053
CURRENT ASSETS
Debtors | 6 | 1,405,715 |  | 1,412,068 |
Cash at bank and in hand |  | 1,048,790 |  | 1,427,018 |
|  | 2,454,505 |  | 2,839,086 |
Creditors: Amounts Falling Due Within One Year | 7 | (158,155 ) |  | (279,768 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 2,296,350 |  | 2,559,318
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 2,428,735 |  | 2,585,371
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (33,069 ) |  | (6,513 )
NET ASSETS |  |  | 2,395,666 |  | 2,578,858
CAPITAL AND RESERVES
Called up share capital | 8 |  | 2 |  | 2
Profit and Loss Account |  |  | 2,395,664 |  | 2,578,856
SHAREHOLDERS' FUNDS |  |  | 2,395,666 |  | 2,578,858

Page 1
Page 2
Kingfisher Associates (UK) Ltd.
Balance Sheet (continued)
As At 31 May 2025
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Richard Austin Director | Mrs Juliet Ward Director
14/08/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Kingfisher Associates (UK) Ltd.
Notes to the Financial Statements
For The Year Ended 31 May 2025
Notes to the Financial Statements
1. General Information
Kingfisher Associates (UK) Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 03718252 . The registered office is Braeside Newgrounds, Godshill, Fordingbridge, SP6 2LJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are trademarks. They are amortised to the profit and loss account over its estimated economic life of 10 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 4 Years Straight Line
Fixtures & Fittings | 4 Years Straight Line

2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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Kingfisher Associates (UK) Ltd.
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 24 (2024: 23)
24 23
4. Intangible Assets

| Intellectual Property
--- | ---
| £
Cost
As at 1 June 2024 | 270
As at 31 May 2025 | 270
Amortisation
As at 1 June 2024 | 270
As at 31 May 2025 | 270
Net Book Value
As at 31 May 2025 | -
As at 1 June 2024 | -

5. Tangible Assets

| Plant & Machinery | Fixtures & Fittings | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 June 2024 | 65,259 | 10,161 | 75,420
Additions | 138,566 | - | 138,566
As at 31 May 2025 | 203,825 | 10,161 | 213,986
Depreciation
As at 1 June 2024 | 40,714 | 8,653 | 49,367
Provided during the period | 31,096 | 1,138 | 32,234
As at 31 May 2025 | 71,810 | 9,791 | 81,601
Net Book Value
As at 31 May 2025 | 132,015 | 370 | 132,385
As at 1 June 2024 | 24,545 | 1,508 | 26,053

Page 4
Page 5
Kingfisher Associates (UK) Ltd.
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 230,276 |  | 232,994
Prepayments and accrued income | 1,471 |  | 5,286
Other debtors | 110 |  | -
Amounts owed by connected companies | 1,173,788 |  | 1,173,788
Net wages | 70 |  | -
| 1,405,715 |  | 1,412,068

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 17,067 |  | 19,967
Corporation tax | 94,806 |  | 193,536
Other taxes and social security | 18,951 |  | 24,664
VAT | 10,865 |  | 24,084
Pension owed | 5,130 |  | 7,520
Accruals and deferred income | 10,712 |  | 9,373
Directors' loan accounts | 624 |  | 624
| 158,155 |  | 279,768

8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 2 |  | 2

9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 12,715 |  | 19,932
Later than one year and not later than five years | 3,282 |  | 13,227
| 15,997 |  | 33,159

10. Ultimate Controlling Party
The company's ultimate controlling party is KFA Connect Holdings Ltd by virtue of his ownership of 100% of the issued share capital in the company.
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