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REGISTERED NUMBER: 06695982 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

KISS RETAIL LIMITED

KISS RETAIL LIMITED (REGISTERED NUMBER: 06695982)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KISS RETAIL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: Mr A Beiny
Mr L M Herman





SECRETARY: Mr A Beiny





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 06695982 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

KISS RETAIL LIMITED (REGISTERED NUMBER: 06695982)

BALANCE SHEET
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,398 7,198

CURRENT ASSETS
Stocks 12,120 12,838
Debtors 5 29,293 15,310
Cash at bank and in hand 36 3
41,449 28,151
CREDITORS
Amounts falling due within one year 6 (39,710 ) (26,821 )
NET CURRENT ASSETS 1,739 1,330
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,137

8,528

CREDITORS
Amounts falling due after more than one
year

7

(5,000

)

(7,003

)

PROVISIONS FOR LIABILITIES 9 (1,026 ) (1,368 )
NET ASSETS 1,111 157

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 1,011 57
SHAREHOLDERS' FUNDS 1,111 157

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

KISS RETAIL LIMITED (REGISTERED NUMBER: 06695982)

BALANCE SHEET - continued
31 JANUARY 2023


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 18 October 2023 and were signed on its behalf by:




Mr A Beiny - Director



Mr L M Herman - Director


KISS RETAIL LIMITED (REGISTERED NUMBER: 06695982)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

Kiss Retail Limited 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicle - 25% on reducing balance

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

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 year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicle Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 26,600 8,450 35,050
DEPRECIATION
At 1 February 2022 24,155 3,697 27,852
Charge for year 612 1,188 1,800
At 31 January 2023 24,767 4,885 29,652
NET BOOK VALUE
At 31 January 2023 1,833 3,565 5,398
At 31 January 2022 2,445 4,753 7,198

KISS RETAIL LIMITED (REGISTERED NUMBER: 06695982)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 2,663 2,756
Other debtors 26,630 12,554
29,293 15,310

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts (see note 8) 18,667 9,520
Trade creditors 12,321 7,203
Taxation and social security 6,653 8,015
Other creditors 2,069 2,083
39,710 26,821

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans (see note 8) 5,000 7,003

8. LOANS

An analysis of the maturity of loans is given below:

31.1.23 31.1.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 16,667 7,520
Bank loans 2,000 2,000
18,667 9,520

Amounts falling due between one and two years:
Bank loans - 1-2 years 2,000 2,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 3,000 5,003

9. PROVISIONS FOR LIABILITIES
31.1.23 31.1.22
£    £   
Deferred tax 1,026 1,368

KISS RETAIL LIMITED (REGISTERED NUMBER: 06695982)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2022 1,368
Provided during year (342 )
Balance at 31 January 2023 1,026

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
100 Ordinary £1 100 100

11. PENSION COMMITMENTS

The company makes payments to a defined contribution scheme on behalf of employees and directors. Amounts charged to the income statement were £313 (2022: £436) for the year. There were outstanding employer contributions of £69 (2022: £Nil) at the balance sheet date.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
Mr A Beiny and Mr L M Herman
Balance outstanding at start of year 11,091 2,313
Amounts advanced 22,111 18,178
Amounts repaid (7,000 ) (9,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,202 11,091