Company Registration No. 05069686 (England and Wales)
Kinetic Communications Limited
Unaudited accounts
for the year ended 31 March 2021
Kinetic Communications Limited
Unaudited accounts
Contents
Kinetic Communications Limited
Company Information
for the year ended 31 March 2021
Company Number
05069686 (England and Wales)
Registered Office
4 TENBY STREET
BIRMINGHAM
B1 3EL
ENGLAND
Accountants
Unico 3 Limited
212 Ingram Road
Walsall
West Midlands
WS3 3AD
Kinetic Communications Limited
Statement of financial position
as at
31 March 2021
Tangible assets
15,283
20,180
Cash at bank and in hand
71,148
27,821
Creditors: amounts falling due within one year
(38,650)
(34,191)
Net current assets
52,799
27,191
Total assets less current liabilities
68,082
47,371
Creditors: amounts falling due after more than one year
(26,000)
-
Called up share capital
100
100
Profit and loss account
41,982
47,271
Shareholders' funds
42,082
47,371
For the year ending 31 March 2021 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 August 2021 and were signed on its behalf by
Mrs A Podmore
Director
Company Registration No. 05069686
Kinetic Communications Limited
Notes to the Accounts
for the year ended 31 March 2021
Kinetic Communications Limited is a private company, limited by shares, registered in England and Wales, registration number 05069686. The registered office is 4 TENBY STREET, BIRMINGHAM, B1 3EL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight line over 10 years
Motor vehicles
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on cost
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2020
21,340
26,138
5,012
15,094
67,584
At 31 March 2021
21,340
26,138
5,012
15,094
67,584
At 1 April 2020
15,530
14,262
5,012
12,600
47,404
Charge for the year
1,162
2,969
-
766
4,897
At 31 March 2021
16,692
17,231
5,012
13,366
52,301
At 31 March 2021
4,648
8,907
-
1,728
15,283
At 31 March 2020
5,810
11,876
-
2,494
20,180
Kinetic Communications Limited
Notes to the Accounts
for the year ended 31 March 2021
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
14,641
12,535
Accrued income and prepayments
5,660
3,693
6
Creditors: amounts falling due within one year
2021
2020
Obligations under finance leases and hire purchase contracts
-
8,842
Trade creditors
7,408
6,401
Taxes and social security
8,042
673
Other creditors
1,043
731
Loans from directors
5,222
1,675
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 4 (2020: 4).