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REGISTERED NUMBER: 09192704 (England and Wales)















KIJO CREATIVE LTD

Unaudited Financial Statements for the Year Ended 28 February 2023






KIJO CREATIVE LTD (REGISTERED NUMBER: 09192704)






Contents of the Financial Statements
for the year ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


KIJO CREATIVE LTD

Company Information
for the year ended 28 February 2023







Directors: K Thompson
J Thompson





Registered office: Office 1, Izabella House
24-26 Regent Place
City Centre
Birmingham
West Midlands
B1 3NJ





Registered number: 09192704 (England and Wales)





Accountants: Haines Watts Birmingham LLP
5 - 6 Greenfield Crescent
Edgbaston
Birmingham
B15 3BE

KIJO CREATIVE LTD (REGISTERED NUMBER: 09192704)

Balance Sheet
28 February 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 1,652 4,666

Current assets
Stocks 135,000 106,000
Debtors 5 141,129 180,241
Cash at bank 108,038 20,014
384,167 306,255
Creditors
Amounts falling due within one year 6 238,254 189,611
Net current assets 145,913 116,644
Total assets less current liabilities 147,565 121,310

Creditors
Amounts falling due after more than one
year

7

144,367

120,109
Net assets 3,198 1,201

Capital and reserves
Called up share capital 100 100
Retained earnings 3,098 1,101
3,198 1,201

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 13 October 2023 and were signed on its behalf by:





J Thompson - Director


KIJO CREATIVE LTD (REGISTERED NUMBER: 09192704)

Notes to the Financial Statements
for the year ended 28 February 2023

1. Statutory information

KIJO Creative 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.

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.

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
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment-25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Taxation
Taxation for the year 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 year 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.

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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. Employees and directors

The average number of employees during the year was 11 (2022 - 9 ) .

KIJO CREATIVE LTD (REGISTERED NUMBER: 09192704)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

4. Tangible fixed assets
Office
equipment
£
Cost
At 1 March 2022 18,669
Disposals (11,052 )
At 28 February 2023 7,617
Depreciation
At 1 March 2022 14,003
Charge for year 1,296
Eliminated on disposal (9,334 )
At 28 February 2023 5,965
Net book value
At 28 February 2023 1,652
At 28 February 2022 4,666

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 36,776 55,078
Other debtors 104,353 112,105
Directors' current accounts - 13,058
141,129 180,241

6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 95,530 96,594
Other loans 45,833 48,750
Trade creditors 7,370 9,154
Corporation tax - 712
Social security and other taxes 42,034 28,481
Pension 711 683
VAT 24,746 3,849
Other creditors 19,396 358
Directors' current accounts 2,634 -
Accrued expenses - 1,030
238,254 189,611

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans due > 1 year 144,367 120,109

8. Related party disclosures

The controlling parties are K Thompson and J Thompson.