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COMPANY REGISTRATION NUMBER: 14445307
Kimm & Miller (Online) Ltd
Filleted Unaudited Financial Statements
For the period ended
28 February 2023
Kimm & Miller (Online) Ltd
Financial Statements
Period from 26 October 2022 to 28 February 2023
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
3
Kimm & Miller (Online) Ltd
Officers and Professional Advisers
THE BOARD OF DIRECTORS
J Gawin
D Kimm
R Kimm
W Pegg
D Reich
REGISTERED OFFICE
Unit E Bedford Business Centre
Mile Road
Bedfordshire
England
MK42 9TW
ACCOUNTANTS
Streets
Chartered Accountants
Potton House
Wyboston Lakes
Great North Road
Wyboston
Bedford
MK44 3BZ
Kimm & Miller (Online) Ltd
Statement of Financial Position
28 February 2023
28 Feb 23
Note
£
Current assets
Debtors
5
4,500
Creditors: amounts falling due within one year
6
45,236
--------
Net current liabilities
40,736
--------
Total assets less current liabilities
( 40,736)
--------
Net liabilities
( 40,736)
--------
Capital and reserves
Called up share capital
100
Profit and loss account
( 40,836)
--------
Shareholders deficit
( 40,736)
--------
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 statement of comprehensive income has not been delivered.
For the period ending 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:
- 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 directors acknowledge their 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 22 November 2023 , and are signed on behalf of the board by:
D Kimm
R Kimm
Director
Director
Company registration number: 14445307
Kimm & Miller (Online) Ltd
Notes to the Financial Statements
Period from 26 October 2022 to 28 February 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 Unit E Bedford Business Centre, Mile Road, Bedfordshire, MK42 9TW, England.
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 period
The company was incorporated on 26th October 2022 and commenced trading on the same day.
4. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company made a loss in the period and had net liabilities at the reporting date. The directors have received confirmation of financial support for the foreseeable future from a fellow group company. On this basis the directors believe that there is no material uncertainty over the company's ability to continue trading and accordingly believe it is appropriate to prepare the financial statements on a going concern basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
5. Debtors
28 Feb 23
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
80
Other debtors
4,420
-------
4,500
-------
6. Creditors: amounts falling due within one year
28 Feb 23
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
36,604
Other creditors
8,632
--------
45,236
--------
7. Related party transactions
Included within other debtors is an amount of £20 relating to unpaid share capital, owed by two of the directors. During the year the company had the following transactions with a fellow group company, Kimm & Miller (UK) Ltd: Recharged income to Kimm & Miller (UK) Ltd of £308,139 (2022 £nil). Recharged costs from Kimm & Miller (UK) Ltd of £348,975 (2022 £nil). At the reporting date the company owed Kimm & Miller (UK) Ltd £36,604.
8. Controlling party
The parent company is Kimm & Miller (Holdings) Ltd, a company incorporated in England and Wales. The Registered Office address is Unit E, Bedford Business Centre, Mile Road, Bedford, MK42 9TW. The ultimate controlling parties are D A Reich, R M Kimm and D A Kimm.