1 01/09/2022 31/08/2023 2023-08-31 false false false false false false false true false false true false false false false true true false No description of principal activities is disclosed 2022-09-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 14286289 2022-09-01 2023-08-31 14286289 2023-08-31 14286289 2022-08-31 14286289 bus:RegisteredOffice 2022-09-01 2023-08-31 14286289 bus:Director1 2022-09-01 2023-08-31 14286289 core:ShareCapital 2022-09-01 2023-08-31 14286289 core:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 14286289 core:WithinOneYear 2023-08-31 14286289 core:UKTax 2022-09-01 2023-08-31 14286289 core:ShareCapital 2023-08-31 14286289 core:RetainedEarningsAccumulatedLosses 2023-08-31 14286289 core:PreviouslyStatedAmount core:ShareCapital 2023-08-31 14286289 bus:Director1 2023-08-31 14286289 bus:SmallEntities 2022-09-01 2023-08-31 14286289 bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 14286289 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 14286289 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 14286289 bus:FullAccounts 2022-09-01 2023-08-31 14286289 1 2022-09-01 2023-08-31
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
Director Mr Darren Kime
Company number 14286289
Registered office 59 The Drove
Sleaford
Lincolnshire
NG34 7AS
Business address 59 The Drove
Sleaford
Lincolnshire
NG34 7AS
Darren Kime Limited
Statement of financial position
31 August 2023
31/08/23
Note £ £
Current assets
Debtors 6 26,291
Cash at bank and in hand 22,080
_______
48,371
Creditors: amounts falling due
within one year 7 ( 30,228)
_______
Net current assets 18,143
_______
Total assets less current liabilities 18,143
_______
Net assets 18,143
_______
Capital and reserves
Called up share capital 10
Profit and loss account 18,133
_______
Shareholder funds 18,143
_______
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:
- 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;
- 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
Called up share capital Profit and loss account Total
£ £ £
At 1 September 2022 - - -
Profit for the year 18,133 18,133
_______ _______ _______
Total comprehensive income for the year - 18,133 18,133
Issue of shares 10 10
_______ _______ _______
Total investments by and distributions to owners 10 - 10
_______ _______ _______
At 31 August 2023 10 18,133 18,143
_______ _______ _______
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:
Year
ended
31/08/23
£
Wages and salaries 7,540
_______
5. Tax on profit
Major components of tax expense
Year
ended
31/08/23
£
Current tax:
UK current tax expense 4,399
_______
Tax on profit 4,399
_______
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 % .
Year
ended
31/08/23
£
Profit before taxation 22,532
_______
Profit multiplied by rate of tax 5,633
Marginal relief (1,234)
_______
Tax on profit 4,399
_______
6. Debtors
31/08/23
£
Trade debtors 26,291
_______
7. Creditors: amounts falling due within one year
31/08/23
£
Corporation tax 4,399
Social security and other taxes 9,616
Other creditors 16,213
_______
30,228
_______
8. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
Year ended 31/08/23
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr Darren Kime - 49,659 ( 61,857) ( 12,198)
_______ _______ _______ _______
9. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value
Year
ended
31/08/23
£
Darren Kime 17,280
_______
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.