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COMPANY REGISTRATION NUMBER: 13983510
KATE McLEAN LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2023
KATE McLEAN LIMITED
FINANCIAL STATEMENTS
PERIOD FROM 17 MARCH 2022 TO 31 MARCH 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 3
KATE McLEAN LIMITED
BALANCE SHEET
31 March 2023
31 Mar 23
Note
£
Fixed assets
Tangible assets
5
607
Current assets
Debtors
6
7,031
Cash at bank and in hand
8,092
------------
15,123
Creditors: amounts falling due within one year
7
( 7,849)
------------
Net current assets
7,274
------------
Total assets less current liabilities
7,881
------------
Capital and reserves
Called up share capital
8
100
Profit and loss account
7,781
------------
Shareholders funds
7,881
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 16 May 2023 , and are signed on behalf of the board by:
Ms K E M McLean
Director
Company registration number: 13983510
KATE McLEAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 17 MARCH 2022 TO 31 MARCH 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35 Westgate, Huddersfield, West Yorshire, HD1 1PA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basi. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment
-
33% straight line
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1 .
5. Tangible assets
Computer equipment
£
Cost
At 17 March 2022
Additions
910
------------
At 31 March 2023
910
------------
Depreciation
At 17 March 2022
Charge for the period
303
------------
At 31 March 2023
303
------------
Carrying amount
At 31 March 2023
607
------------
6. Debtors
31 Mar 23
£
Trade debtors
7,031
------------
7. Creditors: amounts falling due within one year
31 Mar 23
£
Corporation tax
6,451
Social security and other taxes
264
Director loan accounts
1,134
------------
7,849
------------
8. Called up share capital
Issued, called up and fully paid
31 Mar 23
No.
£
Ordinary shares of £ 1 each
100
100
------------
------------
During the period 100 ordinary £1 shares were issued fully paid for cash at par.
9. Related party transactions
The director's loan of £1,134 as set out above is unsecured, repayable on demand and currently interest free. The company is controlled by the director.