Registered number
08920488
KINSWIN 168 LIMITED
Filleted Accounts
30 June 2023
KINSWIN 168 LIMITED
Registered number: 08920488
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 410,137 419,570
Current assets
Stocks 1,418 1,350
Debtors 4 30,302 36,830
Cash at bank and in hand 124,748 178,743
156,468 216,923
Creditors: amounts falling due within one year 5 (300,144) (432,171)
Net current liabilities (143,676) (215,248)
Total assets less current liabilities 266,461 204,322
Creditors: amounts falling due after more than one year 6 - (31,667)
Net assets 266,461 172,655
Capital and reserves
Called up share capital 200 200
Profit and loss account 266,261 172,455
Shareholders' funds 266,461 172,655
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 her 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.
Mrs N Ho
Director
Approved by the board on 9 February 2024
KINSWIN 168 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 includes revenue earned from the sale of goods and from the rendering of services, net of discounts and value added taxes.
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 at the following rates:
Freehold buildings over 50 years
Equipment, fixtures and fittings over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 8 8
3 Tangible fixed assets
Land and buildings Equipment, fixtures & fittings Total
£ £ £
Cost
At 1 July 2022 460,265 146,252 606,517
At 30 June 2023 460,265 146,252 606,517
Depreciation
At 1 July 2022 48,217 138,730 186,947
Charge for the year 6,925 2,508 9,433
At 30 June 2023 55,142 141,238 196,380
Net book value
At 30 June 2023 405,123 5,014 410,137
At 30 June 2022 412,048 7,522 419,570
4 Debtors 2023 2022
£ £
Trade debtors 3,426 -
Other debtors 26,876 36,830
30,302 36,830
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 65,042
Trade creditors 6,822 5,442
Taxation and social security costs 38,404 43,445
Other creditors 254,918 318,242
300,144 432,171
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - 31,667
7 Loans 2023 2022
£ £
Creditors include:
Secured bank loan - 55,042
The bank loan is secured on the company's freehold property.
8 Other information
KINSWIN 168 LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
454 Ewell Road
Surbiton
Surrey
KT6 7EL
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