Kili Professional Services Ltd 31/03/2023 iXBRL

Kili Professional Services Ltd 31/03/2023 iXBRL

KILI PROFESSIONAL SERVICES LIMITED - Company Information

Print Friendly Version

2 31/03/2023 2023-03-31 false false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-04-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 11718797 2022-04-01 2023-03-31 11718797 2023-03-31 11718797 2021-04-01 2022-03-31 11718797 2022-03-31 11718797 bus:RegisteredOffice 2022-04-01 2023-03-31 11718797 bus:LeadAgentIfApplicable 2022-04-01 2023-03-31 11718797 bus:Director1 2022-04-01 2023-03-31 11718797 bus:Director2 2022-04-01 2023-03-31 11718797 core:FurnitureFittingsToolsEquipment 2023-03-31 11718797 core:WithinOneYear 2023-03-31 11718797 core:WithinOneYear 2022-03-31 11718797 core:ShareCapital 2023-03-31 11718797 core:ShareCapital 2022-03-31 11718797 core:RetainedEarningsAccumulatedLosses 2023-03-31 11718797 core:RetainedEarningsAccumulatedLosses 2022-03-31 11718797 core:FurnitureFittingsToolsEquipment 2022-03-31 11718797 bus:Director1 2022-03-31 11718797 bus:Director1 2023-03-31 11718797 bus:Director1 2021-03-31 11718797 bus:Director1 2022-03-31 11718797 bus:Director1 2021-04-01 2022-03-31 11718797 bus:SmallEntities 2022-04-01 2023-03-31 11718797 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 11718797 bus:FullAccounts 2022-04-01 2023-03-31 11718797 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 11718797 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11718797 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31
Company registration number: 11718797
Kili Professional Services Ltd
Unaudited filleted financial statements
31 March 2023
Kili Professional Services Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Kili Professional Services Ltd
Directors and other information
Directors Mr S G Twelftree
Mrs A J Twelftree
Company number 11718797
Registered office Vaughan Chambers
Vaughan Road
Harpenden
Hertfordshire
AL5 4EE
Accountants Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
Hertfordshire
AL5 4EE
Kili Professional Services Ltd
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Kili Professional Services Ltd
Year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kili Professional Services Ltd for the year ended 31 March 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Kili Professional Services Ltd, as a body, in accordance with the terms of our engagement letter dated 12 October 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Kili Professional Services Ltd and state those matters that we have agreed to state to the board of directors of Kili Professional Services Ltd as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kili Professional Services Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Kili Professional Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kili Professional Services Ltd. You consider that Kili Professional Services Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Kili Professional Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
Hertfordshire
AL5 4EE
23 November 2023
Kili Professional Services Ltd
Statement of financial position
31 March 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 1 1
_______ _______
1 1
Current assets
Debtors 6 660 848
Cash at bank and in hand 12,014 5,536
_______ _______
12,674 6,384
Creditors: amounts falling due
within one year 7 ( 7,826) ( 6,084)
_______ _______
Net current assets 4,848 300
_______ _______
Total assets less current liabilities 4,849 301
_______ _______
Net assets 4,849 301
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 4,749 201
_______ _______
Shareholders funds 4,849 301
_______ _______
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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.
These financial statements were approved by the board of directors and authorised for issue on 23 November 2023 , and are signed on behalf of the board by:
Mr S G Twelftree
Director
Company registration number: 11718797
Kili Professional Services Ltd
Notes to the financial statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Vaughan Chambers, Vaughan Road, Harpenden, Hertfordshire, AL5 4EE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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 measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.Any tangible assets carried at revalued amounts is recorded at the fair value at the date of revaluation less any subseqeunt 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:
Fittings fixtures and equipment - Straight line over three years
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
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.
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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 April 2022 and 31 March 2023 600 600
_______ _______
Depreciation
At 1 April 2022 and 31 March 2023 599 599
_______ _______
Carrying amount
At 31 March 2023 1 1
_______ _______
At 31 March 2022 1 1
_______ _______
6. Debtors
2023 2022
£ £
Trade debtors 660 848
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Corporation tax 1,112 117
Other creditors 6,714 5,967
_______ _______
7,826 6,084
_______ _______
8. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr S G Twelftree ( 5,493) ( 723) ( 6,216)
_______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr S G Twelftree ( 4,833) ( 660) ( 5,493)
_______ _______ _______