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Company No: 10672618 (England and Wales)

# KIRKIDEXI LTD

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

KIRKIDEXI LTD

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

KIRKIDEXI LTD

## COMPANY INFORMATION

For the financial year ended 31 March 2025
KIRKIDEXI LTD

## COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025

Director | I Illenko

Registered office | 2nd Floor
| 168 Shoreditch High Street
| London
| E1 6RA
| United Kingdom

Company number | 10672618 (England and Wales)

Accountant | Kreston Reeves LLP
| Springfield House
| Springfield Road
| Horsham
| West Sussex
| RH12 2RG

KIRKIDEXI LTD

## BALANCE SHEET

As at 31 March 2025
KIRKIDEXI LTD

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 11,559 |  | 23,469
Tangible assets | 4 | 0 |  | 387
|  | 11,559 |  | 23,856
Current assets |  |  |  |
Cash at bank and in hand |  | 5,786 |  | 1,341
|  | 5,786 |  | 1,341
Creditors: amounts falling due within one year | 5 | ( 121,941) |  | ( 116,683)
Net current liabilities |  | (116,155) |  | (115,342)
Total assets less current liabilities |  | (104,596) |  | (91,486)
Net liabilities |  | ( 104,596) |  | ( 91,486)
Capital and reserves |  |  |  |
Called-up share capital |  | 1,000 |  | 1,000
Profit and loss account |  | ( 105,596 ) |  | ( 92,486 )
Total shareholder's deficit |  | ( 104,596) |  | ( 91,486)

For the financial 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.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Kirkidexi Ltd (registered number: 10672618) were approved and authorised for issue by the Director on 07 November 2025. They were signed on its behalf by:

I Illenko Director |

KIRKIDEXI LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
KIRKIDEXI LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Kirkidexi Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2nd Floor, 168 Shoreditch High Street, London, E1 6RA, United Kingdom.
The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £1.

##### Going concern

Notwithstanding the net liabilities of £104,596 (2024 - £91,486) the financial statements have been prepared on a going concern basis. This is because the director is of the opinion that the Company has adequate working capital to cover its foreseeable requirements for the next 12 months. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount and to provide for any further liabilities that might arise.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Development costs | 3 years straight line
Trademarks, patents and licences | 10 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Computer equipment | 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 3. Intangible assets

| Development costs |  | Trademarks, patents and licences |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 April 2024 | 83,080 |  | 2,990 |  | 86,070
At 31 March 2025 | 83,080 |  | 2,990 |  | 86,070
Accumulated amortisation |  |  |  |  |
At 01 April 2024 | 61,215 |  | 1,386 |  | 62,601
Charge for the financial year | 11,611 |  | 299 |  | 11,910
At 31 March 2025 | 72,826 |  | 1,685 |  | 74,511
Net book value |  |  |  |  |
At 31 March 2025 | 10,254 |  | 1,305 |  | 11,559
At 31 March 2024 | 21,865 |  | 1,604 |  | 23,469

#### 4. Tangible assets

| Computer equipment |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 5,751 |  | 5,751
At 31 March 2025 | 5,751 |  | 5,751
Accumulated depreciation |  |  |
At 01 April 2024 | 5,364 |  | 5,364
Charge for the financial year | 387 |  | 387
At 31 March 2025 | 5,751 |  | 5,751
Net book value |  |  |
At 31 March 2025 | 0 |  | 0
At 31 March 2024 | 387 |  | 387

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Amounts owed to director | 117,990 |  | 113,730
Accruals and deferred income | 3,500 |  | 2,500
Other creditors | 451 |  | 453
| 121,941 |  | 116,683

#### 6. Related party transactions

At the year end a balance of £117,990 (2024 - £113,730) was due to the director. This is payable on demand and interest is not being charged. It is included within creditors: amounts falling due within one year (Note 5).