Kaiasm Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 7370347

Kaiasm Ltd

Filleted Unaudited Financial Statements

30 September 2026

Kaiasm Ltd

Financial Statements

Year ended 30 September 2026

Contents	Pages

Statement of financial position	1

Notes to the financial statements	2 to 6

Kaiasm Ltd

Statement of Financial Position

30 September 2026

	2026	2025
Note	£	£

Fixed assets

Intangible assets	6	30,000	40,000
Tangible assets	7	13,209	11,893
		--------	--------
		43,209	51,893

Current assets

Debtors	8	121,096	268,178
Cash at bank and in hand		231,140	118,064
		---------	---------
		352,236	386,242

Creditors: amounts falling due within one year	9	( 285,187)	( 265,305)
		---------	---------
Net current assets		67,049	120,937
		---------	---------
Total assets less current liabilities		110,258	172,830

Creditors: amounts falling due after more than one year	10	–	( 23,000)
		---------	---------
Net assets		110,258	149,830
		---------	---------

Capital and reserves

Called up share capital	11	6,970	6,970
Profit and loss account		103,288	142,860
		---------	---------
Shareholders funds		110,258	149,830
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 September 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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 29 October 2026 , and are signed on behalf of the board by:

L.J. McGee
Director

Company registration number: 7370347

Kaiasm Ltd

Notes to the Financial Statements

Year ended 30 September 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hillmarton Ridgeway, Nunney, Frome, Somerset, BA11 4NT, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The director has a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the director continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Research and development policy

Research expenditure is written off in the period in which it is incurred.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods and services is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Turnover represents net invoiced sales of goods, excluding VAT.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Intangible assets	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Bicycles	-	25% reducing balance
Office Equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Share based payments

Equity-settled share-based payment transactions are measured at fair value at the date of grant. The fair value is expensed on a straight-line basis over the vesting period, with a corresponding increase in equity. This is based upon the company's estimate of the shares or share options that will eventually vest which takes into account all vesting conditions and non-market performance conditions, with adjustments being made where new information indicates the number of shares or share options expected to vest differs from previous estimates.

Fair value is determined using an appropriate pricing model. All market conditions and non-vesting conditions are taken into account when estimating the fair value of the shares or share options. As long as all other vesting conditions are satisfied, no adjustment is made irrespective of whether market or non-vesting conditions are met.

Where the terms of an equity-settled transaction are modified, an expense is recognised as if the terms had not been modified. In addition, an expense is recognised for any increase in the fair value of the transaction, as measured at the date of modification.

Where an equity-settled transaction is cancelled or settled, it is treated as if it had vested on the date of cancellation or settlement, and any expense not yet recognised in profit or loss is expensed immediately.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 17 (2025: 17 ).

5. Tax on loss

Major components of tax income

	2026	2025
	£	£

Current tax:

UK current tax income	( 65,520)	( 78,771)
	--------	--------
Tax on loss	( 65,520)	( 78,771)
	--------	--------

6. Intangible assets

	Intangible assets
	£
Cost
At 1 October 2025 and 30 September 2026	100,000
	---------
Amortisation
At 1 October 2025	60,000
Charge for the year	10,000
	---------
At 30 September 2026	70,000
	---------
Carrying amount
At 30 September 2026	30,000
	---------
At 30 September 2025	40,000
	---------

7. Tangible assets

	Bicycles	Office Equipment	Total
	£	£	£
Cost
At 1 October 2025	833	57,328	58,161
Additions	–	6,198	6,198
Disposals	–	( 1,136)	( 1,136)
	----	--------	--------
At 30 September 2026	833	62,390	63,223
	----	--------	--------
Depreciation
At 1 October 2025	818	45,450	46,268
Charge for the year	4	4,399	4,403
Disposals	–	( 657)	( 657)
	----	--------	--------
At 30 September 2026	822	49,192	50,014
	----	--------	--------
Carrying amount
At 30 September 2026	11	13,198	13,209
	----	--------	--------
At 30 September 2025	15	11,878	11,893
	----	--------	--------

8. Debtors

	2026	2025
	£	£
Trade debtors	49,223	184,387
Other debtors	71,873	83,791
	---------	---------
	121,096	268,178
	---------	---------

Other debtors include an amount of £Nil (2025 - £Nil) falling due after more than one year.

9. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts (secured)	23,000	46,000
Trade creditors	10,985	1,688
Social security and other taxes	78,926	59,066
Other creditors	172,276	158,551
	---------	---------
	285,187	265,305
	---------	---------

10. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts (secured)	–	23,000
	----	--------

Included within bank loans and overdrafts is a bank loan from HSBC UK Bank Plc. This bank loan is secured by fixed and floating charges over all assets of the company.

11. Called up share capital

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary A shares of £ 0.10 each	32,687	3,269	32,687	3,269
Ordinary B shares of £ 0.10 each	30,976	3,098	30,976	3,098
Ordinary C shares of £ 0.10 each	6,037	604	6,037	604
	--------	-------	--------	-------
	69,700	6,970	69,700	6,970
	--------	-------	--------	-------

During the prior year the company underwent a share reorganisation as follows: 3,699 Ordinary A £1 shares were subdivided into 36,990 Ordinary A £0.10 shares. 3,270 Ordinary B £1 shares were subdivided into 32,700 Ordinary B £0.10 shares. 1 Ordinary C £1 share was subdivided into 10 Ordinary C £0.10 shares. On the same day they subsequently redesignated 4,303 Ordinary A Shares as 4,303 Ordinary C Shares and redesignated 1,724 Ordinary B Shares as 1,724 Ordinary C Shares.

12. Related party transactions

The company was under the control of Mr L.J. McGee , the director, throughout the current and previous year by virtue of his majority holding in the voting shares of the company. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102.