KYSS Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09113331 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2020

for

KYSS Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Y Kolupov

SECRETARY:

Mrs S Kolupov

REGISTERED OFFICE:

86 Valetta Road

London

W3 7TW

REGISTERED NUMBER:

09113331 (England and Wales)

ACCOUNTANTS:

Elver Consultancy Limited

Chartered Accountant

Suite 312

Atlas House

Caxton Lane

Wigan

Greater Manchester

WN3 6XU

FIXED ASSETS

Tangible assets

4

23,571

19,979

CURRENT ASSETS

Debtors

5

2,790

2,790

Cash at bank and in hand

75,464

61,105

78,254

63,895

CREDITORS

Amounts falling due within one year

6

26,144

21,880

NET CURRENT ASSETS

52,110

42,015

TOTAL ASSETS LESS CURRENT LIABILITIES

75,681

61,994

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

75,679

61,992

SHAREHOLDERS' FUNDS

75,681

61,994

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 22 April 2021 and were signed by:

Y Kolupov - Director

1.	STATUTORY INFORMATION

KYSS 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

25% on cost

Computer equipment

-

25% on 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 August 2019

27,032

388

688

28,108

Additions

8,194

3,094

2,116

13,404

At 31 July 2020

35,226

3,482

2,804

41,512

DEPRECIATION

At 1 August 2019

7,613

14

502

8,129

Charge for year

8,894

746

172

9,812

At 31 July 2020

16,507

760

674

17,941

NET BOOK VALUE

At 31 July 2020

18,719

2,722

2,130

23,571

At 31 July 2019

19,419

374

186

19,979

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.20

31.7.19

£

£

Trade debtors

2,790

2,790

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.20

31.7.19

£

£

Taxation and social security

9,692

10,090

Other creditors

16,452

11,790

26,144

21,880

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.20

31.7.19

value:

£

£

2

Ordinary

1

2

2