Knowledge Economy Developments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04304466 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2026

for

KNOWLEDGE ECONOMY DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I R Gomersall

W H Gomersall

T C Gomersall

SECRETARY:

W H Gomersall

REGISTERED OFFICE:

2 Herons Close

Cambridge

CB1 8NS

REGISTERED NUMBER:

04304466 (England and Wales)

ACCOUNTANTS:

S Burgess & Co Ltd

11 Slayleigh Avenue

Sheffield

South Yorkshire

S10 3RA

FIXED ASSETS

Tangible assets

4

2,296

5,046

CURRENT ASSETS

Stocks

-

4,281

Debtors

5

48,335

57,619

Cash at bank

196,651

163,432

244,986

225,332

CREDITORS

Amounts falling due within one year

6

26,080

44,464

NET CURRENT ASSETS

218,906

180,868

TOTAL ASSETS LESS CURRENT
LIABILITIES

221,202

185,914

CREDITORS

Amounts falling due after more than one
year

7

200,000

NET ASSETS/(LIABILITIES)

21,202

(14,086

)

CAPITAL AND RESERVES

Called up share capital

316

Share premium

224,954

Retained earnings

(204,068

)

(239,356

)

SHAREHOLDERS' FUNDS

21,202

(14,086

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 21 October 2026 and were signed on its behalf by:

W H Gomersall - Director

1.	STATUTORY INFORMATION

Knowledge Economy Developments Limited 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.

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

Turnover

Turnover comprises the invoiced value of development and consultancy work, within the field of medical ultrasound imaging, and also, project collaboration funding in furtherance of the company's objectives, all excluding value added tax. Turnover is recognised in accordance with the contract terms relating to each income source.

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

-

33% on cost

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Stocks

Stocks, comprising components, are valued at purchase 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

Debtors and creditors due within one year

Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income within administrative expenses.

Impairment

At each balance sheet date, assets are reviewed to determine whether there is any indication that any of the individual assets have suffered an impairment. If such indication exists, the recoverable amount of the asset, or the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the statement of comprehensive income.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

COST

At 1 February 2025

8,517

8,092

7,755

24,364

Additions

-

541

At 31 January 2026

8,517

8,092

8,296

24,905

DEPRECIATION

At 1 February 2025

8,517

4,314

6,487

19,318

Charge for year

-

2,022

1,269

3,291

At 31 January 2026

8,517

6,336

7,756

22,609

NET BOOK VALUE

At 31 January 2026

-

1,756

540

2,296

At 31 January 2025

-

3,778

1,268

5,046

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

Trade debtors

29,363

18,391

Corporation tax

18,693

35,288

VAT

279

3,940

48,335

57,619

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

Trade creditors

534

25,580

Other creditors

65

33

Directors' current accounts

24,081

17,651

Accrued expenses

1,400

1,200

26,080

44,464

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.1.26

31.1.25

£

Other loans

200,000