2022-07-012023-06-302023-06-30false08553678KIT LOG LTD2024-02-1262090iso4217:GBPxbrli:pure085536782022-07-01085536782023-06-30085536782022-07-012023-06-30085536782021-07-01085536782022-06-30085536782021-07-012022-06-3008553678bus:SmallEntities2022-07-012023-06-3008553678bus:AuditExempt-NoAccountantsReport2022-07-012023-06-3008553678bus:FullAccounts2022-07-012023-06-3008553678bus:PrivateLimitedCompanyLtd2022-07-012023-06-3008553678core:WithinOneYear2023-06-3008553678core:AfterOneYear2023-06-3008553678core:WithinOneYear2022-06-3008553678core:AfterOneYear2022-06-3008553678core:ShareCapital2023-06-3008553678core:SharePremium2023-06-3008553678core:RevaluationReserve2023-06-3008553678core:OtherReservesSubtotal2023-06-3008553678core:RetainedEarningsAccumulatedLosses2023-06-3008553678core:ShareCapital2022-06-3008553678core:SharePremium2022-06-3008553678core:RevaluationReserve2022-06-3008553678core:OtherReservesSubtotal2022-06-3008553678core:RetainedEarningsAccumulatedLosses2022-06-3008553678core:LandBuildings2023-06-3008553678core:PlantMachinery2023-06-3008553678core:Vehicles2023-06-3008553678core:FurnitureFittings2023-06-3008553678core:OfficeEquipment2023-06-3008553678core:NetGoodwill2023-06-3008553678core:IntangibleAssetsOtherThanGoodwill2023-06-3008553678core:ListedExchangeTraded2023-06-3008553678core:UnlistedNon-exchangeTraded2023-06-3008553678core:LandBuildings2022-06-3008553678core:PlantMachinery2022-06-3008553678core:Vehicles2022-06-3008553678core:FurnitureFittings2022-06-3008553678core:OfficeEquipment2022-06-3008553678core:NetGoodwill2022-06-3008553678core:IntangibleAssetsOtherThanGoodwill2022-06-3008553678core:ListedExchangeTraded2022-06-3008553678core:UnlistedNon-exchangeTraded2022-06-3008553678core:LandBuildings2022-07-012023-06-3008553678core:PlantMachinery2022-07-012023-06-3008553678core:Vehicles2022-07-012023-06-3008553678core:FurnitureFittings2022-07-012023-06-3008553678core:OfficeEquipment2022-07-012023-06-3008553678core:NetGoodwill2022-07-012023-06-3008553678core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3008553678core:ListedExchangeTraded2022-07-012023-06-3008553678core:UnlistedNon-exchangeTraded2022-07-012023-06-3008553678core:MoreThanFiveYears2022-07-012023-06-3008553678core:Non-currentFinancialInstruments2023-06-3008553678core:Non-currentFinancialInstruments2022-06-3008553678dpl:CostSales2022-07-012023-06-3008553678dpl:DistributionCosts2022-07-012023-06-3008553678core:LandBuildings2022-07-012023-06-3008553678core:PlantMachinery2022-07-012023-06-3008553678core:Vehicles2022-07-012023-06-3008553678core:FurnitureFittings2022-07-012023-06-3008553678core:OfficeEquipment2022-07-012023-06-3008553678dpl:AdministrativeExpenses2022-07-012023-06-3008553678core:NetGoodwill2022-07-012023-06-3008553678core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3008553678dpl:GroupUndertakings2022-07-012023-06-3008553678dpl:ParticipatingInterests2022-07-012023-06-3008553678dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-012023-06-3008553678core:ListedExchangeTraded2022-07-012023-06-3008553678dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-012023-06-3008553678core:UnlistedNon-exchangeTraded2022-07-012023-06-3008553678dpl:CostSales2021-07-012022-06-3008553678dpl:DistributionCosts2021-07-012022-06-3008553678core:LandBuildings2021-07-012022-06-3008553678core:PlantMachinery2021-07-012022-06-3008553678core:Vehicles2021-07-012022-06-3008553678core:FurnitureFittings2021-07-012022-06-3008553678core:OfficeEquipment2021-07-012022-06-3008553678dpl:AdministrativeExpenses2021-07-012022-06-3008553678core:NetGoodwill2021-07-012022-06-3008553678core:IntangibleAssetsOtherThanGoodwill2021-07-012022-06-3008553678dpl:GroupUndertakings2021-07-012022-06-3008553678dpl:ParticipatingInterests2021-07-012022-06-3008553678dpl:GroupUndertakingscore:ListedExchangeTraded2021-07-012022-06-3008553678core:ListedExchangeTraded2021-07-012022-06-3008553678dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-07-012022-06-3008553678core:UnlistedNon-exchangeTraded2021-07-012022-06-3008553678core:NetGoodwill2023-06-3008553678core:IntangibleAssetsOtherThanGoodwill2023-06-3008553678core:LandBuildings2023-06-3008553678core:PlantMachinery2023-06-3008553678core:Vehicles2023-06-3008553678core:FurnitureFittings2023-06-3008553678core:OfficeEquipment2023-06-3008553678core:AfterOneYear2023-06-3008553678core:WithinOneYear2023-06-3008553678core:ListedExchangeTraded2023-06-3008553678core:UnlistedNon-exchangeTraded2023-06-3008553678core:ShareCapital2023-06-3008553678core:SharePremium2023-06-3008553678core:RevaluationReserve2023-06-3008553678core:OtherReservesSubtotal2023-06-3008553678core:RetainedEarningsAccumulatedLosses2023-06-3008553678core:NetGoodwill2022-06-3008553678core:IntangibleAssetsOtherThanGoodwill2022-06-3008553678core:LandBuildings2022-06-3008553678core:PlantMachinery2022-06-3008553678core:Vehicles2022-06-3008553678core:FurnitureFittings2022-06-3008553678core:OfficeEquipment2022-06-3008553678core:AfterOneYear2022-06-3008553678core:WithinOneYear2022-06-3008553678core:ListedExc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KIT LOG LTD

Registered Number
08553678
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2023

KIT LOG LTD
Company Information
for the year from 1 July 2022 to 30 June 2023

Directors

N BATE
B SCHOLES

Registered Address

Papertrail Offices M-Sparc
Menai Science Park
Gaerwen
LL60 6AR

Registered Number

08553678 (England and Wales)
KIT LOG LTD
Balance Sheet as at
30 June 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets514,08410,832
14,08410,832
Current assets
Debtors6130,594189,963
Cash at bank and on hand207,579370,720
338,173560,683
Creditors amounts falling due within one year7(354,062)(322,792)
Net current assets (liabilities)(15,889)237,891
Total assets less current liabilities(1,805)248,723
Creditors amounts falling due after one year8(21,294)(52,592)
Net assets(23,099)196,131
Capital and reserves
Called up share capital302302
Share premium1,753,0701,753,070
Profit and loss account(1,776,471)(1,557,241)
Shareholders' funds(23,099)196,131
The financial statements were approved and authorised for issue by the Board of Directors on 12 February 2024, and are signed on its behalf by:
B SCHOLES
Director
Registered Company No. 08553678
KIT LOG LTD
Notes to the Financial Statements
for the year ended 30 June 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
These financial statements were prepared in accordance with the provisions of FRS 102 Section 1A - small entities applicable in the UK and Republic of Ireland. There were no material departures from that standard.
3.Accounting policies
Revenue recognition policy
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the companys activities.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
The costs of short-term employee benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employee services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
4.Employee information

20232022
Average number of employees during the year1816
5.Property, plant and equipment

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 July 22-38,03938,039
Additions3,0194,8347,853
At 30 June 233,01942,87345,892
Depreciation and impairment
At 01 July 22-27,20727,207
Charge for year-4,6014,601
At 30 June 23-31,80831,808
Net book value
At 30 June 233,01911,06514,084
At 30 June 22-10,83210,832
6.Debtors

2023

2022

££
Trade debtors / trade receivables120,743181,864
Other debtors(4,488)-
Prepayments and accrued income14,3398,099
Total130,594189,963
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables266,517272,903
Bank borrowings and overdrafts12,2519,747
Taxation and social security31,57927,219
Accrued liabilities and deferred income43,71512,923
Total354,062322,792
8.Creditors after one year

2023

2022

££
Trade creditors / trade payables541-
Bank borrowings and overdrafts20,75352,592
Total21,29452,592