Knowledge Sphere Limited 04444892 false 2024-06-01 2025-05-31 2025-05-31 The principal activity of the company is the provision of consultancy services Digita Accounts Production Advanced 6.30.9574.0 true 04444892 2024-06-01 2025-05-31 04444892 2025-05-31 04444892 bus:OrdinaryShareClass1 2025-05-31 04444892 core:CurrentFinancialInstruments 2025-05-31 04444892 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 04444892 bus:SmallEntities 2024-06-01 2025-05-31 04444892 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 04444892 bus:FilletedAccounts 2024-06-01 2025-05-31 04444892 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 04444892 bus:RegisteredOffice 2024-06-01 2025-05-31 04444892 bus:CompanySecretary1 2024-06-01 2025-05-31 04444892 bus:Director1 2024-06-01 2025-05-31 04444892 bus:OrdinaryShareClass1 2024-06-01 2025-05-31 04444892 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 04444892 bus:Agent1 2024-06-01 2025-05-31 04444892 core:FurnitureFittingsToolsEquipment 2024-06-01 2025-05-31 04444892 countries:England 2024-06-01 2025-05-31 04444892 2023-06-01 2024-05-31 04444892 2024-05-31 04444892 bus:OrdinaryShareClass1 2024-05-31 04444892 core:CurrentFinancialInstruments 2024-05-31 04444892 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 04444892 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04444892

Knowledge Sphere Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

Knowledge Sphere Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 5

Knowledge Sphere Limited

Company Information

Director | Mr Richard Higgins

Company secretary | Mrs Karen Higgins

Registered office | 30 Coastal Road East Preston West Sussex BN16 1SJ

Accountants | RGA Accounting Limited Chartered Certified Accountants87 Mid Street South Nutfield Surrey RH1 4JJ

Knowledge Sphere Limited

(Registration number: 04444892)
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Current assets |  |  |
Cash at bank and in hand |  | 6 | 19
Creditors: Amounts falling due within one year | 5 | (925) | (421)
Net liabilities |  | (919) | (402)
Capital and reserves |  |  |
Called up share capital | 6 | 50 | 50
Retained earnings |  | (969) | (452)
Shareholders' deficit |  | (919) | (402)

For the financial 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.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 January 2026

......................................... Mr Richard Higgins Director

Knowledge Sphere Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
30 Coastal Road
East Preston
West Sussex
BN16 1SJ

These financial statements were authorised for issue by the director on 5 January 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Furniture, fittings, tools & Equipment | 25% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Knowledge Sphere Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 2).

4 | Debtors

Current | 2025 £ | 2024 £
| - | -

Knowledge Sphere Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

5 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 7 | 505 | 1
Accruals and deferred income |  | 420 | 420
|  | 925 | 421

6 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 50 | 50 | 50 | 50

7 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 505 | 1

8 | Dividends

Interim dividends paid

|  | 2025 £ |  | 2024 £
Interim dividend of £Nil per each Ordinary shares |  | - |  | -