Company Registration No. 13420592 (England and Wales)
KAYLOF LTD
Unaudited accounts
for the year ended 31 May 2024
KAYLOF LTD
Unaudited accounts
Contents
KAYLOF LTD
Company Information
for the year ended 31 May 2024
Director
Jessica Alexandra LOK
Company Number
13420592 (England and Wales)
Registered Office
Lytchett House 13 Freeland Park
Wareham Road, Lytchett Matravers
Poole
Dorset
BH16 6FA
ENGLAND
Accountants
The Accounting Studio (Consulting) Ltd
23 Downscroft Gardens
Hedge End
Southampton
Hampshire
SO30 4RR
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of KAYLOF LTD for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
KAYLOF LTD for the year ended
31 May 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of KAYLOF LTD, as a body, in accordance with the terms of our engagement letter dated 1 January 2022. Our work has been undertaken solely to prepare for your approval the accounts of KAYLOF LTD and state those matters that we have agreed to state to the Board of Directors of KAYLOF LTD, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KAYLOF LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that KAYLOF LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of KAYLOF LTD. You consider that KAYLOF LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of KAYLOF LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
The Accounting Studio (Consulting) Ltd
Chartered Accountants
23 Downscroft Gardens
Hedge End
Southampton
Hampshire
SO30 4RR
1 July 2024
KAYLOF LTD
Statement of financial position
as at 31 May 2024
Tangible assets
6,209
3,455
Cash at bank and in hand
1,323,517
1,020,270
Creditors: amounts falling due within one year
(418,787)
(321,047)
Net current assets
1,439,690
842,166
Net assets
1,445,899
845,621
Called up share capital
1
1
Profit and loss account
1,445,898
845,620
Shareholders' funds
1,445,899
845,621
For the year ending 31 May 2024 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 her 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 30 July 2024 and were signed on its behalf by
Jessica Alexandra LOK
Director
Company Registration No. 13420592
KAYLOF LTD
Notes to the Accounts
for the year ended 31 May 2024
KAYLOF LTD is a private company, limited by shares, registered in England and Wales, registration number 13420592. The registered office is Lytchett House 13 Freeland Park, Wareham Road, Lytchett Matravers, Poole, Dorset , BH16 6FA, ENGLAND.
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.
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
between 2-3 years
Fixtures & fittings
between 2-3 years
Computer equipment
between 2-3 years
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
3,618
667
3,924
8,209
Additions
8,228
-
1,497
9,725
At 31 May 2024
11,846
667
5,421
17,934
At 1 June 2023
2,092
270
2,392
4,754
Charge for the year
5,320
222
1,429
6,971
At 31 May 2024
7,412
492
3,821
11,725
At 31 May 2024
4,434
175
1,600
6,209
At 31 May 2023
1,526
397
1,532
3,455
KAYLOF LTD
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Trade debtors
36,939
102,375
Accrued income and prepayments
2,132
-
Other debtors
495,889
40,568
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
361,625
184,542
Loans from directors
-
145
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
(145)
454,808
96,510
358,153
(145)
454,808
96,510
358,153
The loans are repayable on demand and carry an interest rate of 2.25% per annum. The balance is included in Other Debtors in the current year.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).