KJ'S ROOMY FOOTWEAR LIMITED

Company Registration Number:
12496773 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

KJ'S ROOMY FOOTWEAR LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

KJ'S ROOMY FOOTWEAR LIMITED

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 730 929
Total fixed assets: 730 929
Current assets
Stocks: 25,933 24,848
Debtors: 4 1,364 2,291
Cash at bank and in hand: 2,548 6,810
Total current assets: 29,845 33,949
Creditors: amounts falling due within one year: 5 (39,017) (34,320)
Net current assets (liabilities): (9,172) (371)
Total assets less current liabilities: (8,442) 558
Total net assets (liabilities): (8,442) 558
Capital and reserves
Called up share capital: 2 2
Profit and loss account: (8,444) 556
Shareholders funds: (8,442) 558

The notes form part of these financial statements

KJ'S ROOMY FOOTWEAR LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 November 2023
and signed on behalf of the board by:

Name: Kay Towers
Status: Director

The notes form part of these financial statements

KJ'S ROOMY FOOTWEAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:Fixtures, fittings. office equipment - 15% straight line

Valuation and information policy

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.

Other accounting policies

Going concernThe company meets its working capital requirements through the use of a director's loan account, as well as a loan from a company under the common control of the director. Both the company and the director agree to support the company for the foreseeable future.DebtorsShort term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.CreditorsShort term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.TaxationA current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

KJ'S ROOMY FOOTWEAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 3 2

KJ'S ROOMY FOOTWEAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 1,327
At 31 March 2023 1,327
Depreciation
At 01 April 2022 398
Charge for year 199
At 31 March 2023 597
Net book value
At 31 March 2023 730
At 31 March 2022 929

KJ'S ROOMY FOOTWEAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Debtors

Other debtors - £1,364 (2022 - £2,291).

KJ'S ROOMY FOOTWEAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due within one year note

Trade creditors - £1,658 (2022 - £1,451)Taxation and social security - £93 (2022 - £Nil)Other creditors - £37,266 (2022 - £32,869).

KJ'S ROOMY FOOTWEAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Financial commitments

Total future minimum payments under non-cancellable operating leases - Not later than one year - £11,400 (2022 - £11,400).

KJ'S ROOMY FOOTWEAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

7. Related party transactions

Name of the related party: Kay Towers
Relationship:
Director
Description of the Transaction: During the year the director paid a series of business expenses personally. The balance owed to the director at the year end was:
£
Balance at 01 April 2022 9,806
Balance at 31 March 2023 14,086