BrightAccountsProduction v1.0.0 v1.0.0 2022-07-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is that of  the retail sale of meat and meat products in specialised stores. 29 March 2024 9 8 NI653482 2023-06-30 NI653482 2022-06-30 NI653482 2021-06-30 NI653482 2022-07-01 2023-06-30 NI653482 2021-07-01 2022-06-30 NI653482 uk-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 NI653482 uk-curr:PoundSterling 2022-07-01 2023-06-30 NI653482 uk-bus:AbridgedAccounts 2022-07-01 2023-06-30 NI653482 uk-core:ShareCapital 2023-06-30 NI653482 uk-core:ShareCapital 2022-06-30 NI653482 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 NI653482 uk-core:RetainedEarningsAccumulatedLosses 2022-06-30 NI653482 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-06-30 NI653482 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-06-30 NI653482 uk-core:RestatedAmount uk-core:RetainedEarningsAccumulatedLosses 2022-06-30 NI653482 uk-core:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 NI653482 uk-bus:FRS102 2022-07-01 2023-06-30 NI653482 uk-core:PlantMachinery 2022-07-01 2023-06-30 NI653482 uk-core:MotorVehicles 2022-07-01 2023-06-30 NI653482 uk-core:CostValuation 2023-06-30 NI653482 2022-07-01 2023-06-30 NI653482 uk-bus:Director1 2022-07-01 2023-06-30 NI653482 uk-bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI653482
 
 
Kin & Kind Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 30 June 2023
Kin & Kind Ltd
DIRECTOR'S REPORT
for the financial year ended 30 June 2023

 
The director presents his report and the unaudited financial statements for the financial year ended 30 June 2023.
     
Director
The director who served during the financial year is as follows:
     
Mr. Louis Ludik
   
     
Statement of Director's Responsibilities
     
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
     
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the director is required to:
- select suitable accounting policies and apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
     
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
     
___________________________
Mr. Louis Ludik
Director
     
29 March 2024



Kin & Kind Ltd
ABRIDGED INCOME STATEMENT
for the financial year ended 30 June 2023
2023 2022
Notes £ £

Gross profit 210,642 142,385
 
Administrative expenses (305,089) (189,535)
Other operating income - 13,761
───────── ─────────
Operating loss (94,447) (33,389)
 
Interest payable and similar expenses (12,995) (237)
───────── ─────────
Loss before taxation (107,442) (33,626)
 
Tax on loss - -
───────── ─────────
Loss for the financial year (107,442) (33,626)
───────── ─────────
Total comprehensive income (107,442) (33,626)
    ═════════   ═════════



Kin & Kind Ltd
Company Registration Number: NI653482
ABRIDGED STATEMENT OF FINANCIAL POSITION
as at 30 June 2023

2023 2022
Notes £ £
 
Non-Current Assets
Property, plant and equipment 5 239,552 15,202
Financial assets 6 2 2
───────── ─────────
239,554 15,204
───────── ─────────
 
Current Assets
Stocks 36,333 66,598
Debtors 204,647 117,870
Cash and cash equivalents - 68,024
───────── ─────────
240,980 252,492
───────── ─────────
Creditors: amounts falling due within one year (703,900) (377,328)
───────── ─────────
Net Current Liabilities (462,920) (124,836)
───────── ─────────
Total Assets less Current Liabilities (223,366) (109,632)
 
Creditors:
amounts falling due after more than one year (8,618) (14,910)
───────── ─────────
Net Liabilities (231,984) (124,542)
═════════ ═════════
 
Capital and Reserves
Called up share capital 2 2
Retained earnings (231,986) (124,544)
───────── ─────────
Equity attributable to owners of the company (231,984) (124,542)
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 29 March 2024
           
           
           
________________________________          
Mr. Louis Ludik          
Director          
           



Kin & Kind Ltd
STATEMENT OF CHANGES IN EQUITY
as at 30 June 2023

Called up Retained Total
share earnings
capital
£ £ £
 
At 1 July 2021 2 (90,918) (90,916)
───────── ───────── ─────────
Loss for the financial year - (33,626) (33,626)
───────── ───────── ─────────
At 30 June 2022 2 (124,544) (124,542)
  ───────── ───────── ─────────
Loss for the financial year - (107,442) (107,442)
  ───────── ───────── ─────────
At 30 June 2023 2 (231,986) (231,984)
  ═════════ ═════════ ═════════



Kin & Kind Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 30 June 2023

   
1. General Information
 
Kin & Kind Ltd is a private company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI653482. The registered office of the company is 5 Larch Hill Avenue, Holywood, BT18 0JW which is also the principal place of business of the company. The principal activity of the company is that of  the retail sale of meat and meat products in specialised stores. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 30 June 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006. These are the company's first set of financial statements prepared in accordance with FRS 102.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 15% Straight line
  Motor vehicles - 25% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Financial assets
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the profit and loss account in the financial year in which it is receivable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Adoption of FRS 102 Section 1A
 
This is the first set of financial statements prepared by Kin & Kind Ltd in accordance with accounting standards issued by the Financial Reporting Council, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” Section 1A (Small Entities). The company transitioned from previously extant Irish and UK GAAP to FRS 102 Section 1A as at 1 January 2016.
       
4. Employees
 
The average monthly number of employees, including director, during the financial year was as follows
 
  2023 2022
  Number Number
 
Employees, including Directors 9 8
  ═════════ ═════════
         
5. Property, plant and equipment
  Plant and Motor Total
  machinery vehicles  
       
  £ £ £
Cost
At 1 July 2022 15,250 5,309 20,559
Additions 227,664 11,990 239,654
  ───────── ───────── ─────────
At 30 June 2023 242,914 17,299 260,213
  ───────── ───────── ─────────
Depreciation
At 1 July 2022 2,288 3,069 5,357
Charge for the financial year 11,747 3,557 15,304
  ───────── ───────── ─────────
At 30 June 2023 14,035 6,626 20,661
  ───────── ───────── ─────────
Net book value
At 30 June 2023 228,879 10,673 239,552
  ═════════ ═════════ ═════════
At 30 June 2022 12,962 2,240 15,202
  ═════════ ═════════ ═════════
       
6. Financial fixed assets
  Group and Total
  participating  
  interests/  
  joint ventures  
Investments £ £
Cost
 
At 30 June 2023 2 2
  ───────── ─────────
Net book value
At 30 June 2023 2 2
  ═════════ ═════════
At 30 June 2022 2 2
  ═════════ ═════════
   
7. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.