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Registered Number: 10023442
England and Wales

 

 

 

KIYA DESIGN LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 March 2022

End date: 28 February 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 4 33,583    40,534 
33,583    40,534 
Current assets      
Stocks 58,689    28,106 
Debtors 8,384    4,127 
Cash at bank and in hand 6,944    93,044 
74,017    125,277 
Creditors: amount falling due within one year (51,620)   (73,771)
Net current assets 22,397    51,506 
 
Total assets less current liabilities 55,980    92,040 
Creditors: amount falling due after more than one year (72,495)   (91,249)
Net liabilities (16,515)   791 
 

Capital and reserves
     
Called up share capital 5 100    100 
Profit and loss account (16,615)   691 
Shareholder's funds (16,515)   791 
 


For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 26 September 2023 and were signed on its behalf by:


-------------------------------
Ian Hopla
Director
1
General Information
Kiya Design Limited is a private company, limited by shares, registered in England and Wales, registration number 10023442, registration address 40 Melton Road , Oakham, Rutland, LE15 6AY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Straight Line
Motor Vehicles 25% Straight Line
Fixtures and Fittings 20% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 5 (2022 : 3).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 March 2022 17,999    17,999 
Additions  
Disposals  
At 28 February 2023 17,999    17,999 
Amortisation
At 01 March 2022 17,999    17,999 
Charge for year  
On disposals  
At 28 February 2023 17,999    17,999 
Net book values
At 28 February 2023  
At 28 February 2022  


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £
At 01 March 2022 8,579    58,790    247    67,616 
Additions 1,523      2,620    4,143 
Disposals      
At 28 February 2023 10,102    58,790    2,867    71,759 
Depreciation
At 01 March 2022 7,283    19,750    49    27,082 
Charge for year 760    9,760    574    11,094 
On disposals      
At 28 February 2023 8,043    29,510    623    38,176 
Net book values
Closing balance as at 28 February 2023 2,059    29,280    2,244    33,583 
Opening balance as at 01 March 2022 1,296    39,040    198    40,534 


5.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Class A shares of £1.00 each 100    100 
100    100 

2