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
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
Kin + Ilk The Maltings Ltd
Statement of financial position
as at 31 December 2021
Tangible assets
5,973
8,305
Cash at bank and in hand
483
1,545
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)
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
Kin + Ilk The Maltings Ltd
Notes to the Accounts
for the year ended 31 December 2021
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.
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:
Plant & machinery
25% straight line
Computer equipment
33% straight line
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
At 31 December 2021
8,268
3,739
12,007
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
At 31 December 2021
4,441
1,532
5,973
At 31 December 2020
6,071
2,234
8,305
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
Amounts due from group undertakings etc.
32,396
28,021
Accrued income and prepayments
-
3,569
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
5,833
5,833
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
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 6 (2020: 6).