Registered number
14162196
Kiko Houzz Interiors Limited
Filleted Accounts
30 June 2023
Kiko Houzz Interiors Limited
Registered number: 14162196
Balance Sheet
as at 30 June 2023
Notes 2023
£
Fixed assets
Tangible assets 3 5,829
Current assets
Debtors 4 2,877
Cash at bank and in hand 2,949
5,826
Creditors: amounts falling due within one year 5 (6,240)
Net current liabilities (414)
Total assets less current liabilities 5,415
Creditors: amounts falling due after more than one year 6 (12,750)
Net liabilities (7,335)
Capital and reserves
Called up share capital 90
Profit and loss account (7,425)
Shareholder's funds (7,335)
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 member has 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 C Ristea
Director
Approved by the board on 5 April 2024
Kiko Houzz Interiors 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:
Leasehold property improvements 5% straight line
Debtors
Short 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.
Creditors
Short 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.
Taxation
A 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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023
Number
Average number of persons employed by the company 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
Additions 5,568 599 6,167
At 30 June 2023 5,568 599 6,167
Depreciation
Charge for the year 278 60 338
At 30 June 2023 278 60 338
Net book value
At 30 June 2023 5,290 539 5,829
4 Debtors 2023
£
Other debtors 2,877
5 Creditors: amounts falling due within one year 2023
£
Bank loans and overdrafts 3,511
Trade creditors (90)
Other creditors 2,819
6,240
6 Creditors: amounts falling due after one year 2023
£
Bank loans 12,750
7 Controlling party
The company is under the control of Mrs C Ristea by virtue of her shareholding.
8 Other information
Kiko Houzz Interiors Limited is a private company limited by shares and incorporated in England & Wales. Its registered office is:
7 Coventry Road
Sharnford
Hinckley
Leicestershire
LE10 3PG
Kiko Houzz Interiors Limited 14162196 false 2022-07-01 2023-06-30 2023-06-30 VT Final Accounts October 2023 release 2 Mrs C Ristea No description of principal activity 14162196 2022-07-01 2023-06-30 14162196 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 14162196 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 14162196 bus:Director40 2022-07-01 2023-06-30 14162196 1 2022-07-01 2023-06-30 14162196 2 2022-07-01 2023-06-30 14162196 core:LandBuildings 2022-07-01 2023-06-30 14162196 core:PlantMachinery 2022-07-01 2023-06-30 14162196 countries:England 2022-07-01 2023-06-30 14162196 bus:FRS102 2022-07-01 2023-06-30 14162196 bus:FullAccounts 2022-07-01 2023-06-30 14162196 2023-06-30 14162196 core:WithinOneYear 2023-06-30 14162196 core:AfterOneYear 2023-06-30 14162196 core:ShareCapital 2023-06-30 14162196 core:RetainedEarningsAccumulatedLosses 2023-06-30 14162196 core:LandBuildings 2023-06-30 14162196 core:PlantMachinery 2023-06-30 14162196 2022-06-30 iso4217:GBP xbrli:pure