REGISTERED NUMBER: 04694831 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

KINETICA (UK) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R Pearson

Mr N Douglas

Mr M Tuton

Mr T Hope

Mrs K F Smith

SECRETARY:

Mr N Douglas

REGISTERED OFFICE:

Whitehall Waterfront

2 Riverside Way

Leeds

West Yorkshire

LS1 4EH

REGISTERED NUMBER:

04694831 (England and Wales)

ACCOUNTANTS:

Temporal Lennon & Company Limited

Chartered Accountants

Suite 1

1 The Crescent

Adel

Leeds

West Yorkshire

LS16 6AA

FIXED ASSETS

Intangible assets

4

-

1

Tangible assets

5

178,928

234,957

Investments

6

11

-

178,939

234,958

CURRENT ASSETS

Debtors

7

374,825

384,426

Cash at bank and in hand

570,502

780,699

945,327

1,165,125

CREDITORS

Amounts falling due within one year

8

574,542

473,589

NET CURRENT ASSETS

370,785

691,536

TOTAL ASSETS LESS CURRENT LIABILITIES

549,724

926,494

PROVISIONS FOR LIABILITIES

44,576

31,628

NET ASSETS

505,148

894,866

CAPITAL AND RESERVES

Called up share capital

109

109

Retained earnings

505,039

894,757

SHAREHOLDERS' FUNDS

505,148

894,866

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2025 and were signed on its behalf by:

Mr R Pearson - Director

Mr N Douglas - Director

1.	STATUTORY INFORMATION

Kinetica (UK) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Investments in associates

Investments in associate undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2024 - 38 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

920,000

AMORTISATION

At 1 April 2024

919,999

Charge for year

1

At 31 March 2025

920,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

1

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

465,343

Additions

3,562

At 31 March 2025

468,905

DEPRECIATION

At 1 April 2024

230,386

Charge for year

59,591

At 31 March 2025

289,977

NET BOOK VALUE

At 31 March 2025

178,928

At 31 March 2024

234,957

6.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

Additions

11

At 31 March 2025

11

NET BOOK VALUE

At 31 March 2025

11

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

251,824

315,834

Amounts owed by associates

69,164

8,432

Other debtors

53,837

60,160

374,825

384,426

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

26,378

32,267

Taxation and social security

277,042

140,650

Other creditors

271,122

300,672

574,542

473,589

Other creditors includes outstanding pension contributions totalling £1,941 (2024: £1,912).

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

11,834

-

Between one and five years

15,261

57,055

27,095

57,055