Registered number
07105501
Kaydan Decorators Limited
Filleted Accounts
31 March 2023
Kaydan Decorators Limited
Registered number: 07105501
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,357 4,475
Current assets
Stocks 320 320
Debtors 4 9,356 13,218
Cash at bank and in hand 4,923 3,147
14,599 16,685
Creditors: amounts falling due within one year 5 (15,785) (12,255)
Net current (liabilities)/assets (1,186) 4,430
Net assets 2,171 8,905
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,071 8,805
Shareholders' funds 2,171 8,905
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P A Woollery
Director
Approved by the board on 30 September 2023
Kaydan Decorators Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery at 20% on cost
Motor vehicles at 25% on reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 636 17,671 18,307
At 31 March 2023 636 17,671 18,307
Depreciation
At 1 April 2022 635 13,197 13,832
Charge for the year - 1,118 1,118
At 31 March 2023 635 14,315 14,950
Net book value
At 31 March 2023 1 3,356 3,357
At 31 March 2022 1 4,474 4,475
4 Debtors 2023 2022
£ £
Other debtors 9,356 13,218
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,469 1,255
Taxation and social security costs 6,900 9,843
Sundry creditors and accrued 636 264
Other creditors 6,780 893
15,785 12,255
6 Other information
Kaydan Decorators Limited is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot Lane
Stanmore
HA7 1JS
Kaydan Decorators Limited 07105501 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts April 2022 P A Woollery No description of principal activity 07105501 2021-04-01 2022-03-31 07105501 core:WithinOneYear 2022-03-31 07105501 core:ShareCapital 2022-03-31 07105501 core:RetainedEarningsAccumulatedLosses 2022-03-31 07105501 2022-04-01 2023-03-31 07105501 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07105501 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 07105501 bus:Director40 2022-04-01 2023-03-31 07105501 1 2022-04-01 2023-03-31 07105501 2 2022-04-01 2023-03-31 07105501 core:PlantMachinery 2022-04-01 2023-03-31 07105501 core:Vehicles 2022-04-01 2023-03-31 07105501 countries:England 2022-04-01 2023-03-31 07105501 bus:FRS102 2022-04-01 2023-03-31 07105501 bus:FullAccounts 2022-04-01 2023-03-31 07105501 2023-03-31 07105501 core:WithinOneYear 2023-03-31 07105501 core:ShareCapital 2023-03-31 07105501 core:RetainedEarningsAccumulatedLosses 2023-03-31 07105501 core:PlantMachinery 2023-03-31 07105501 core:Vehicles 2023-03-31 07105501 2022-03-31 07105501 core:PlantMachinery 2022-03-31 07105501 core:Vehicles 2022-03-31 iso4217:GBP xbrli:pure