Company No: 03166153 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Director

M Dolton

Secretary

M Dolton

Registered office	Springfield House
	Springfield Road
	Horsham
	West Sussex
	RH12 2RG
	United Kingdom

Company number

03166153 (England and Wales)

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

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	4	5,168		10,351
		5,168		10,351
Current assets
Debtors	5	972,774		1,299,403
Cash at bank and in hand	6	690,125		1,198,228
		1,662,899		2,497,631
Creditors: amounts falling due within one year	7	( 887,868)		( 904,651)
Net current assets		775,031		1,592,980
Total assets less current liabilities		780,199		1,603,331
Provision for liabilities	8	( 1,068)		0
Net assets		779,131		1,603,331
Capital and reserves
Called-up share capital		1,000		1,000
Profit and loss account		778,131		1,602,331
Total shareholder's funds		779,131		1,603,331

For the financial year ending 31 January 2026 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 Kynetix Technology Limited (registered number: 03166153) were approved and authorised for issue by the Director on 14 October 2026. They were signed on its behalf by:

M Dolton Director

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

Kynetix Technology Limited (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 registered office number is 03166153. The address of the Company's registered office is Springfield House, Springfield Road, Horsham, West Sussex, RH12 2RG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, 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 £.

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.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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:

Computer software

3 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:

Leasehold improvements	depreciated over the life of the lease
Office 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.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	7		10

3. Intangible assets

	Computer software		Total
	£		£
Cost
At 01 February 2025	8,032		8,032
At 31 January 2026	8,032		8,032
Accumulated amortisation
At 01 February 2025	8,032		8,032
At 31 January 2026	8,032		8,032
Net book value
At 31 January 2026	0		0
At 31 January 2025	0		0

4. Tangible assets

	Leasehold improve- ments		Office equipment		Total
	£		£		£
Cost
At 01 February 2025	3,979		33,212		37,191
Additions	0		833		833
At 31 January 2026	3,979		34,045		38,024
Accumulated depreciation
At 01 February 2025	2,487		24,353		26,840
Charge for the financial year	1,492		4,524		6,016
At 31 January 2026	3,979		28,877		32,856
Net book value
At 31 January 2026	0		5,168		5,168
At 31 January 2025	1,492		8,859		10,351

5. Debtors

	2026		2025
	£		£
Trade debtors	630,096		255,391
Amounts owed by Group undertakings	0		706,057
Deferred tax asset	0		2,251
Other debtors	342,678		335,704
	972,774		1,299,403

6. Cash and cash equivalents

	2026		2025
	£		£
Cash at bank and in hand	690,125		1,198,228

7. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	56,164		50,686
Accruals and deferred income	676,335		744,818
Taxation and social security	148,312		99,895
Other creditors	7,057		9,252
	887,868		904,651

8. Deferred tax

	2026		2025
	£		£
At the beginning of financial year	2,251		26,313
Charged to the Statement of Income and Retained Earnings	( 3,319)		( 24,062)
At the end of financial year	( 1,068)		2,251

The deferred taxation balance is made up as follows:

	2026		2025
	£		£
Accelerated capital allowances	( 1,292)		( 2,588)
Tax losses carry forward	0		4,577
Other timing differences	224		262
	( 1,068)		2,251

9. Financial commitments

Commitments

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

	2026		2025
	£		£
Within one year	3,507		50,694
Between one and five years	0		3,507
	3,507		54,201

Pensions

The Company operates a defined contribution pension scheme for the director and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

The pension cost charge represents contributions payable by the Company to the fund and amounted to £182,954 (2025 - £16,442). Contributions totalling £1,442 (2025 - £1,666) were payable to the fund at the balance sheet date and are included within other creditors.

10. Related party transactions

Transactions with the entity's director

During the year, the company has provided a loan to the Director, charging interest at the beneficial loan rate agreed with HMRC. The total interest charged during the year was £7,340 (2025 - £4,000). The total amount owed to the company at the year end was £217,147 (2025 - £209,667) and is included within other debtors.

11. Ultimate controlling party

Parent Company:

Kynetix Financial Technology Limited

Springfield House, Springfield Road, Horsham, West Sussex, RH12 2RG

The sole shareholder of the parent company is Mr M Dolton.
The group qualifies as small as set out in section 383 if the Companies Act 2006 and is therefore eligible for the exception to prepare consolidated accounts.