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REGISTERED NUMBER: 10740929 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

K & S LINENS LIMITED

K & S LINENS LIMITED (REGISTERED NUMBER: 10740929)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


K & S LINENS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: S Shapoor





REGISTERED OFFICE: 27 Aldersey Gardens
Barking
Essex
IG11 9UG





REGISTERED NUMBER: 10740929 (England and Wales)





ACCOUNTANTS: Jeffrey C C Hoong FCCA
Hoong & Company
7 Lorian Close
Woodside Park
London
N12 7DW

K & S LINENS LIMITED (REGISTERED NUMBER: 10740929)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,488 16,757

CURRENT ASSETS
Stocks 5 302,620 326,630
Cash at bank 21,884 29,196
324,504 355,826
CREDITORS
Amounts falling due within one year 6 56,501 133,519
NET CURRENT ASSETS 268,003 222,307
TOTAL ASSETS LESS CURRENT
LIABILITIES

281,491

239,064

CREDITORS
Amounts falling due after more than one year 7 177,997 188,645
NET ASSETS 103,494 50,419

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 9 103,484 50,409
SHAREHOLDERS' FUNDS 103,494 50,419

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 March 2024 and were signed by:





S Shapoor - Director


K & S LINENS LIMITED (REGISTERED NUMBER: 10740929)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

K & S Linens Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

K & S LINENS LIMITED (REGISTERED NUMBER: 10740929)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 35,102 2,000 37,102
DEPRECIATION
At 1 February 2023 19,234 1,111 20,345
Charge for year 2,380 889 3,269
At 31 January 2024 21,614 2,000 23,614
NET BOOK VALUE
At 31 January 2024 13,488 - 13,488
At 31 January 2023 15,868 889 16,757

5. STOCKS
31.1.24 31.1.23
£    £   
Stocks 302,620 326,630

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 8,009 68,878
Tax 23,065 15,356
Social security and other taxes 255 -
VAT 20,172 20,023
Director's loan account - 24,262
Accrued expenses 5,000 5,000
56,501 133,519

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans - 2-5 years 23,192 33,840
Other creditors 154,805 154,805
177,997 188,645

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
10 Ordinary £1 10 10

K & S LINENS LIMITED (REGISTERED NUMBER: 10740929)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

9. RESERVES
Retained
earnings
£   

At 1 February 2023 50,409
Profit for the year 77,275
Dividends (24,200 )
At 31 January 2024 103,484