KIRUNA AND CO CONSULTANTS LIMITED
Registered number: 11911844
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,213 1,516
Current assets
Debtors 4 158,000 100,000
Cash at bank and in hand 165 25,897
158,165 125,897
Creditors: amounts falling due within one year 5 (17,410) (44,956)
Net current assets 140,755 80,941
Total assets less current liabilities 141,968 82,457
Creditors: amounts falling due after more than one year 6 (103,501) (55,500)
Net assets 38,467 26,957
Capital and reserves
Called up share capital 100 100
Profit and loss account 38,367 26,857
Shareholders' funds 38,467 26,957
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J. Poate
Director
Approved by the board on 29 November 2023
KIRUNA AND CO CONSULTANTS LIMITED
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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 from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
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:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022 1,895
At 30 June 2023 1,895
Depreciation
At 1 July 2022 379
Charge for the year 303
At 30 June 2023 682
Net book value
At 30 June 2023 1,213
At 30 June 2022 1,516
4 Debtors 2023 2022
£ £
Other debtors 158,000 100,000
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans 10,000 10,000
Taxation and social security costs 7,410 9,875
Other creditors - 25,081
17,410 44,956
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 22,501 32,500
Other creditors 81,000 23,000
103,501 55,500
7 Other information
KIRUNA AND CO CONSULTANTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
4 South Walk
West Wickham
Kent
BR4 9JA
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