Company Registration No. 13266560 (England and Wales)
Kids Kingdom Soft Play Limited
Unaudited accounts
for the year ended 31 March 2023
Kids Kingdom Soft Play Limited
Unaudited accounts
Contents
Kids Kingdom Soft Play Limited
Company Information
for the year ended 31 March 2023
Company Number
13266560 (England and Wales)
Registered Office
42 INGLEWOOD AVENUE
HUDDERSFIELD
HD2 2DS
ENGLAND
Accountants
Small Business Accountancy
18 Stoney Hill
Rastrick
Brighouse
West Yorkshire
HD6 3BP
Kids Kingdom Soft Play Limited
Statement of financial position
as at 31 March 2023
Tangible assets
50,700
2,442
Cash at bank and in hand
558
333
Creditors: amounts falling due within one year
(102,233)
(7,539)
Net current liabilities
(86,714)
(5,000)
Net liabilities
(36,014)
(2,558)
Called up share capital
1
1
Profit and loss account
(36,015)
(2,559)
Shareholders' funds
(36,014)
(2,558)
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 March 2024 and were signed on its behalf by
M. Foulds
Director
Company Registration No. 13266560
Kids Kingdom Soft Play Limited
Notes to the Accounts
for the year ended 31 March 2023
Kids Kingdom Soft Play Limited is a private company, limited by shares, registered in England and Wales, registration number 13266560. The registered office is 42 INGLEWOOD AVENUE, HUDDERSFIELD, HD2 2DS, ENGLAND. The principal place of business is Unit 2, Sprinfield Mill, Dale Street, Longwood, Huddersfield, West Yorkshire, HD3 4TG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Fixtures & fittings
10% straight line
Computer equipment
25% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The accounts have been prepared on a going concern basis, despite the fact that liabilities exceed assets. The director has given an undertaking to support the company until it returns to a net assets position. He considers that it is appropriate to prepare the accounts on the going concern basis.
Kids Kingdom Soft Play Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
3,090
-
-
3,090
Additions
42,500
16,270
137
58,907
At 31 March 2023
45,590
16,270
137
61,997
At 1 April 2022
648
-
-
648
Charge for the year
8,988
1,627
34
10,649
At 31 March 2023
9,636
1,627
34
11,297
At 31 March 2023
35,954
14,643
103
50,700
At 31 March 2022
2,442
-
-
2,442
Amounts falling due within one year
Deferred tax asset
7,676
1,335
Accrued income and prepayments
7,285
-
6
Creditors: amounts falling due within one year
2023
2022
Loans from directors
100,468
6,999
7
Deferred taxation
2023
2022
Accelerated capital allowances
6,851
(464)
Tax losses carried forward
(14,527)
(871)
Provision at start of year
(1,335)
-
Credited to the profit and loss account
(6,341)
(1,335)
Provision at end of year
(7,676)
(1,335)
Kids Kingdom Soft Play Limited
Notes to the Accounts
for the year ended 31 March 2023
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Transactions with related parties
The company is in receipt of a loan amounting to £100,468.00 from the director. The rate of interest charged is 0%. The loan is payable on demand although the director has agreed not to seek repayment of this amount until the company has sufficient funds to do so. At the balance sheet date, the loan was still outstanding and is presented within creditors: amounts falling due within one year.
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).