Company registration number:
14286289
Darren Kime Limited
Trading as
Darren Kime Limited
Unaudited filleted financial statements
31 August 2023
Darren Kime Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Darren Kime Limited
Directors and other information
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Director |
Mr Darren Kime |
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Company number |
14286289 |
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Registered office |
59 The Drove |
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Sleaford |
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Lincolnshire |
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NG34 7AS |
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Business address |
59 The Drove |
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Sleaford |
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Lincolnshire |
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NG34 7AS |
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Darren Kime Limited
Statement of financial position
31 August 2023
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31/08/23 |
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Note |
£ |
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£ |
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Current assets |
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Debtors |
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6 |
26,291 |
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Cash at bank and in hand |
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22,080 |
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_______ |
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48,371 |
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Creditors: amounts falling due |
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within one year |
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7 |
(
30,228) |
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_______ |
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Net current assets |
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18,143 |
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_______ |
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Total assets less current liabilities |
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18,143 |
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_______ |
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Net assets |
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18,143 |
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_______ |
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Capital and reserves |
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Called up share capital |
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10 |
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Profit and loss account |
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18,133 |
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_______ |
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Shareholder funds |
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18,143 |
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_______ |
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For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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.
These financial statements were approved by the
board of directors
and authorised for issue on
08 April 2024
, and are signed on behalf of the board by:
Mr Darren Kime
Director
Company registration number:
14286289
Darren Kime Limited
Statement of changes in equity
Year ended 31 August 2023
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Called up share capital |
Profit and loss account |
Total |
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£ |
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£ |
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At 1 September 2022 |
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- |
- |
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Profit for the year |
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18,133 |
18,133 |
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_______ |
_______ |
_______ |
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Total comprehensive income for the year |
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18,133 |
18,133 |
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Issue of shares |
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10 |
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10 |
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_______ |
_______ |
_______ |
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Total investments by and distributions to owners |
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10 |
- |
10 |
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At 31 August 2023 |
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10 |
18,133 |
18,143 |
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_______ |
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Darren Kime Limited
Notes to the financial statements
Year ended 31 August 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 Darren Kime Limited, 59 The Drove, Sleaford, Lincolnshire, NG34 7AS.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Financial instruments
The company only holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets-trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classifies as a basic financial instrument and is measured at amortised cost. Financial liabilities-trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments' disclosure definition.
4.
Staff costs
The average number of persons employed by the company during the year amounted to
1
The aggregate payroll costs incurred during the year were:
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Year |
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ended |
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31/08/23 |
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£ |
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Wages and salaries |
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7,540 |
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_______ |
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5.
Tax on profit
Major components of tax expense
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Year |
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ended |
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31/08/23 |
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£ |
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Current tax: |
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UK current tax expense |
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4,399 |
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_______ |
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Tax on profit |
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4,399 |
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_______ |
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Reconciliation of tax expense
The tax assessed on the profit for the year is lower than the
standard rate of corporation tax in the UK
of
25.00
% .
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Year |
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ended |
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31/08/23 |
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£ |
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Profit before taxation |
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22,532 |
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_______ |
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Profit multiplied by rate of tax |
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5,633 |
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Marginal relief |
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(1,234) |
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Tax on profit |
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4,399 |
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6.
Debtors
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31/08/23 |
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£ |
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Trade debtors |
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26,291 |
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_______ |
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7.
Creditors: amounts falling due within one year
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31/08/23 |
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£ |
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Corporation tax |
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4,399 |
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Social security and other taxes |
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9,616 |
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Other creditors |
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16,213 |
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_______ |
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30,228 |
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_______ |
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8.
Directors advances, credits and guarantees
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During the year the director entered into the following advances and credits with the company: |
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Year ended 31/08/23 |
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Balance brought forward |
Advances /(credits) to the director |
Amounts repaid |
Balance o/standing |
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£ |
£ |
£ |
£ |
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Mr Darren Kime |
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49,659 |
(
61,857) |
(
12,198) |
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9.
Related party transactions
During the year the company entered into the following transactions with related parties:
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Transaction value |
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Year |
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ended |
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31/08/23 |
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£ |
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Darren Kime
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17,280
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_______ |
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The director Darren Kime hired vans to the company on a weekly basis. These transactions totalled £17,280 and were carried out on a commercial basis.
10.
Controlling party
The director
Darren Kime
controlled the company by virtue of his ordinary shareholding.