Company registration number 11044701 (England and Wales)
Black Horse KF Ltd
Unaudited
financial statements
for the year ended 31 January 2024
PAGES FOR FILING WITH REGISTRAR
Black Horse KF Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
Black Horse KF Ltd
Statement Of Financial Position
as at 31 January 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
439,923
378,340
Current assets
Stocks
17,816
22,866
Debtors
4
341,888
241,807
Cash at bank and in hand
82,845
154,196
442,549
418,869
Creditors: amounts falling due within one year
5
(538,340)
(571,133)
Net current liabilities
(95,791)
(152,264)
Total assets less current liabilities
344,132
226,076
Creditors: amounts falling due after more than one year
6
(35,134)
(46,685)
Net assets
308,998
179,391
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
308,898
179,291
Total equity
308,998
179,391
Black Horse KF Ltd
Statement Of Financial Position (continued)
as at 31 January 2024
- 2 -
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 5 June 2024 and are signed on its behalf by:
P Barker
Director
Company Registration No. 11044701
Black Horse KF Ltd
Notes to the financial statements
for the year ended 31 January 2024
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the fair value of the consideration receivable for goods and services provided in the normal course of business, and is shown net of VAT. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised on the performance of a service obligation where a right to consideration is due.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Leasehold improvements
No depreciation
Fixtures and fittings
20% reducing balance
Motor vehicles
20% straightline basis
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
Black Horse KF Ltd
Notes to the financial statements (continued)
for the year ended 31 January 2024
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
39
38
3
Tangible fixed assets
Leasehold improvements
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 February 2023
218,004
260,514
26,264
504,782
Additions
107,482
107,482
At 31 January 2024
218,004
367,996
26,264
612,264
Depreciation and impairment
At 1 February 2023
116,374
10,068
126,442
Depreciation charged in the year
40,646
5,253
45,899
At 31 January 2024
157,020
15,321
172,341
Carrying amount
At 31 January 2024
218,004
210,976
10,943
439,923
At 31 January 2023
218,004
144,140
16,196
378,340
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
339,239
234,307
Prepayments and accrued income
2,649
7,500
341,888
241,807
Black Horse KF Ltd
Notes to the financial statements (continued)
for the year ended 31 January 2024
- 5 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loan
5,556
5,000
Obligations under finance leases
4,718
3,997
Trade creditors
38,447
75,873
Corporation tax
8,634
Other taxation and social security
44,439
51,277
Other creditors
388,304
410,089
Accruals and deferred income
48,242
24,897
538,340
571,133
Obligations under finance leases are secured.
6
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Bank loan
29,630
35,741
Obligations under finance leases
5,504
10,944
35,134
46,685
Obligations under finance leases are secured.
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary shares of £1 each
100
100
100
100
8
Company information
Black Horse KF Ltd is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.