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Company Registration No. 11574713 (England and Wales)
Kin + Ilk The Maltings Ltd Unaudited accounts for the year ended 31 December 2021
Kin + Ilk The Maltings Ltd Unaudited accounts Contents
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Kin + Ilk The Maltings Ltd Company Information for the year ended 31 December 2021
Directors
David Davies Haydn Darke
Company Number
11574713 (England and Wales)
Registered Office
1 CAPITAL QUARTER C/O KIN + ILK CAPITAL 1 TYNDALL STREET CARDIFF CF10 4BZ UNITED KINGDOM
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Kin + Ilk The Maltings Ltd Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,973 
8,305 
Current assets
Inventories
15,957 
15,957 
Debtors
49,827 
32,345 
Cash at bank and in hand
483 
1,545 
66,267 
49,847 
Creditors: amounts falling due within one year
(86,202)
(56,541)
Net current liabilities
(19,935)
(6,694)
Total assets less current liabilities
(13,962)
1,611 
Creditors: amounts falling due after more than one year
(43,567)
(44,167)
Net liabilities
(57,529)
(42,556)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(57,531)
(42,558)
Shareholders' funds
(57,529)
(42,556)
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 5 September 2022 and were signed on its behalf by
David Davies Director Company Registration No. 11574713
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Kin + Ilk The Maltings Ltd Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
Kin + Ilk The Maltings Ltd is a private company, limited by shares, registered in England and Wales, registration number 11574713. The registered office is 1 CAPITAL QUARTER C/O KIN + ILK CAPITAL , 1 TYNDALL STREET, CARDIFF, CF10 4BZ, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
25% straight line
Computer equipment
33% straight line
Going concern
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2021
7,831 
3,303 
11,134 
Additions
437 
436 
873 
At 31 December 2021
8,268 
3,739 
12,007 
Depreciation
At 1 January 2021
1,760 
1,069 
2,829 
Charge for the year
2,067 
1,138 
3,205 
At 31 December 2021
3,827 
2,207 
6,034 
Net book value
At 31 December 2021
4,441 
1,532 
5,973 
At 31 December 2020
6,071 
2,234 
8,305 
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Kin + Ilk The Maltings Ltd Notes to the Accounts for the year ended 31 December 2021
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
17,431 
755 
Amounts due from group undertakings etc.
32,396 
28,021 
Accrued income and prepayments
- 
3,569 
49,827 
32,345 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
5,833 
5,833 
VAT
658 
1,310 
Trade creditors
25,716 
21,172 
Amounts owed to group undertakings and other participating interests
52,774 
27,536 
Taxes and social security
928 
457 
Other creditors
293 
233 
86,202 
56,541 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
43,567 
44,167 
8
Average number of employees
During the year the average number of employees was 6 (2020: 6).
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