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REGISTERED NUMBER: 12189027 (England and Wales)










FINANCIAL STATEMENTS

FOR THE PERIOD

5 DECEMBER 2021 TO 3 DECEMBER 2022

FOR

KB 100 LTD

KB 100 LTD (REGISTERED NUMBER: 12189027)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 5 DECEMBER 2021 TO 3 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KB 100 LTD

COMPANY INFORMATION
FOR THE PERIOD 5 DECEMBER 2021 TO 3 DECEMBER 2022







DIRECTORS: L Hibberd
B J Hibberd
S Wilkinson



SECRETARY: W J Worwood



REGISTERED OFFICE: Abbey View Nursery
Galley Hill Road
Waltham Abbey
Essex
EN9 2AG



REGISTERED NUMBER: 12189027 (England and Wales)



SENIOR STATUTORY AUDITOR: Martin Jones FCA



AUDITORS: Kingly Jones LLP
Chartered Accountants
Statutory Auditor
414 Linen Hall
162-168 Regent Street
London
W1B 5TE

KB 100 LTD (REGISTERED NUMBER: 12189027)

BALANCE SHEET
3 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 841,774 1,106,857

CURRENT ASSETS
Stocks 34,215 22,549
Debtors 5 456,716 328,631
Cash at bank and in hand 209,607 121,448
700,538 472,628
CREDITORS
Amounts falling due within one year 6 2,872,968 3,052,052
NET CURRENT LIABILITIES (2,172,430 ) (2,579,424 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,330,656 ) (1,472,567 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,330,756 ) (1,472,667 )
(1,330,656 ) (1,472,567 )

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 Board of Directors and authorised for issue on 5 October 2023 and were signed on its behalf by:





B J Hibberd - Director


KB 100 LTD (REGISTERED NUMBER: 12189027)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 5 DECEMBER 2021 TO 3 DECEMBER 2022

1. STATUTORY INFORMATION

KB 100 Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern

During the year the Company reported a profit of £141,911 and had net liabilities of £2,172,430

The directors have prepared the accounts on a going concern basis as they believe they have the continued support of the creditors to meet liabilities as they fall due. There are no adjustments in these financial statements if this was not the case.

On this basis the directors are satisfied that it is appropriate for the Financial Statements to be drawn up on the going concern basis.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 has been provided at the following annual rates in order to write off each asset over its estimated useful life:

Land and buildings - Over the term of the lease of 20 years
Plant and machinery etc - Between 10% and 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

KB 100 LTD (REGISTERED NUMBER: 12189027)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 5 DECEMBER 2021 TO 3 DECEMBER 2022

2. ACCOUNTING POLICIES - continued

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 period was 25 (2021 - 23 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 5 December 2021 318,390 937,818 1,256,208
At 3 December 2022 318,390 937,818 1,256,208
DEPRECIATION
At 5 December 2021 - 149,351 149,351
Charge for period 50,412 214,671 265,083
At 3 December 2022 50,412 364,022 414,434
NET BOOK VALUE
At 3 December 2022 267,978 573,796 841,774
At 4 December 2021 318,390 788,467 1,106,857

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 203,752 15,903
Other debtors 252,964 312,728
456,716 328,631

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 282,045 453,993
Amounts owed to group undertakings 169,432 1,597,143
Taxation and social security 13,979 14,039
Other creditors 2,407,512 986,877
2,872,968 3,052,052

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2022 2021
£    £   
Within one year 1,277,120 1,100,000

There company incurs rent for a business premises, the lease of which has not yet been completed but which the company has occupation. The annual commitment is £1,277,120.

KB 100 LTD (REGISTERED NUMBER: 12189027)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 5 DECEMBER 2021 TO 3 DECEMBER 2022

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Martin Jones FCA (Senior Statutory Auditor)
for and on behalf of Kingly Jones LLP

9. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Abbey View Produce Limited, a company incorporated in England and Wales. Its registered address is Abbey View Nursery, Galley Hill Road, Waltham Abbey, Essex, EN9 2AG. The ultimate controlling party is the Director B Hibberd due to his controlling shareholding in Abbey View Produce Limited.