Kynesim Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06332591

Kynesim Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

Kynesim Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		12,364		11,606

Current assets

Debtors	6	270,299	345,177
Cash at bank and in hand		39,924	150,925
		---------	---------
		310,223	496,102

Creditors: amounts falling due within one year	7	151,648		223,560
		---------		---------
Net current assets			158,575		272,542
			---------		---------
Total assets less current liabilities			170,939		284,148

Creditors: amounts falling due after more than one year	8	5,010	25,000
		---------	---------
Net assets		165,929	259,148
		---------	---------

Capital and reserves

Called up share capital	112	112
Profit and loss account	165,817	259,036
	---------	---------
Shareholders funds	165,929	259,148
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 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 financial statements for the year in question in accordance with section 476 ;

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

Kynesim Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 14 October 2025 , and are signed on behalf of the board by:

Mr N Spence-Jones

Director

Company registration number: 06332591

Kynesim Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 31a, Clifton Road, Cambridge, CB1 7EB, UK.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	15% straight line
Office equipment	-	25% straight line
Computer equipment	-	33% straight line

Defined contribution plans

The company operates defined contribution schemes for employees. The assets of the schemes are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2024: 11 ).

5. Tangible assets

	Fixtures and fittings	Office equipment	Computer equipment	Total
	£	£	£	£
Cost
At 1 April 2024	8,566	20,009	29,236	57,811
Additions	–	845	4,919	5,764
Disposals	( 1,204)	( 8,544)	( 4,741)	( 14,489)
	-------	--------	--------	--------
At 31 March 2025	7,362	12,310	29,414	49,086
	-------	--------	--------	--------
Depreciation
At 1 April 2024	7,470	19,071	19,664	46,205
Charge for the year	421	458	4,127	5,006
Disposals	( 1,204)	( 8,544)	( 4,741)	( 14,489)
	-------	--------	--------	--------
At 31 March 2025	6,687	10,985	19,050	36,722
	-------	--------	--------	--------
Carrying amount
At 31 March 2025	675	1,325	10,364	12,364
	-------	--------	--------	--------
At 31 March 2024	1,096	938	9,572	11,606
	-------	--------	--------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	181,437	269,150
Amounts owed by group undertakings and undertakings in which the company has a participating interest	49,921	51,514
Other debtors	38,941	24,513
	---------	---------
	270,299	345,177
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	20,000	20,000
Trade creditors	22,931	7,727
Social security and other taxes	86,804	172,937
Other creditors	21,913	22,896
	---------	---------
	151,648	223,560
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	5,010	25,000
	-------	--------

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	50,000	50,000
Later than 1 year and not later than 5 years	62,500	112,500
	---------	---------
	112,500	162,500
	---------	---------