Kinektix Ltd Accounts






Kinektix Ltd

	Company No. 11225810
		Information for Filing with The Registrar
		28 February 2019

at	28 February 2019
Company No.		11225810	Notes	2019
				£
Fixed assets

	Tangible assets		2	1,400


				1,400
Current assets

	Debtors		3	400

	Cash at bank and in hand			4,521
				4,921
Creditors: Amount falling due within one year			4	(6,134)
Net current liabilities				(1,213)
Total assets less current liabilities				187




Net assets				187

Capital and reserves
	Called up share capital			10



	Profit and loss account		5	177

Total equity				187


These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 28 February 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 02 July 2019
And signed on its behalf by:
D.A.A. Thompson
Director

for the year ended 28 February 2019

Accounting policies

Basis of preparation

The accounts have been prepared in accordance with FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Companies Act 2006 . There were no material departures from that standard.

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.

The accounts are presented in Sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Furniture, fittings and equipment

25% Straight line

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.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			£	£
		Cost or revaluation

		Additions	1,600	1,600



		At 28 February 2019	1,600	1,600
		Depreciation

		Charge for the year	200	200



		At 28 February 2019	200	200
		Net book values
		At 28 February 2019	1,400	1,400

3	Debtors
			2019
			£







		Prepayments and accrued income	400
			400

4	Creditors:
		amounts falling due within one year
			2019
			£




		Trade creditors	193

		Corporation tax	3,948
		Other taxes and social security	(232)

		Other creditors	2,225

			6,134

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

6	Dividends
			2019
			£
		Dividends for the period:
		Dividends paid in the period	16,833

			16,833

		Dividends by type:

		Equity dividends	16,833
			16,833

Additional information

Its registered number is:

11225810

Chaucer House Chaucer Busine

Watery Lane

Sevenoaks

Kent

TN15 6PW