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Company Registration No. 11785735 (England and Wales)
KM Inns Limited Unaudited accounts for the year ended 31 March 2023
KM Inns Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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KM Inns Limited Company Information for the year ended 31 March 2023
Director
Karen Ann McDermott
Company Number
11785735 (England and Wales)
Registered Office
LINDEN TREE INN 73 BRISTOL ROAD GLOUCESTER GL1 5SN ENGLAND
Accountants
My-Hub Ltd First Floor The Taffs Well Inn, Cardiff Road Taffs Well CF15 7PR
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KM Inns Limited Statement of financial position as at 31 March 2023
2023
2022
Notes
£
£
Fixed assets
Tangible assets
4
11,465
20,258
Current assets
Inventories
5,315
7,725
Debtors
5
16,080
21,912
Cash at bank and in hand
23,446
44,835
44,841
74,472
Creditors: amounts falling due within one year
6
(61,301)
(61,775)
Net current (liabilities)/assets
(16,460)
12,697
Total assets less current liabilities
(4,995)
32,955
Creditors: amounts falling due after more than one year
7
(4,485)
(12,874)
Provisions for liabilities
Other provisions
(1,976)
(2,777)
Net (liabilities)/assets
(11,456)
17,304
Capital and reserves
Called up share capital
8,767
8,767
Profit and loss account
(20,223)
8,537
Shareholders' funds
(11,456)
17,304
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. 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 4 October 2023 and were signed on its behalf by
Karen Ann McDermott Director Company Registration No. 11785735
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KM Inns Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
KM Inns Limited is a private company, limited by shares, registered in England and Wales, registration number 11785735. The registered office is LINDEN TREE INN, 73 BRISTOL ROAD, GLOUCESTER, GL1 5SN, 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.
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:
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 April 2022
20,258
At 31 March 2023
20,258
Depreciation
Charge for the year
8,793
At 31 March 2023
8,793
Net book value
At 31 March 2023
11,465
At 31 March 2022
20,258
5
Debtors
2023
2022
£
£
Amounts falling due after more than one year
Other debtors
16,080
21,912
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KM Inns Limited Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
40,171
45,000
VAT
15,523
14,024
Trade creditors
5,057
1,994
Other creditors
-
207
Accruals
550
550
61,301
61,775
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
411
6,721
Loans from directors
4,074
6,153
4,485
12,874
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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