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REGISTERED NUMBER: 11012423 (England and Wales)















Unaudited Financial Statements

for the Period 1 November 2022 to 31 December 2023

for

Kit Blake Ltd

Kit Blake Ltd (Registered number: 11012423)






Contents of the Financial Statements
for the Period 1 November 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kit Blake Ltd

Company Information
for the Period 1 November 2022 to 31 December 2023







DIRECTOR: R G Wheat





REGISTERED OFFICE: 67 Westow Street
London
SE19 3RW





REGISTERED NUMBER: 11012423 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
67 Westow Street
Upper Norwood
London
SE19 3RW

Kit Blake Ltd (Registered number: 11012423)

Balance Sheet
31 December 2023

31.12.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 78 3,427

CURRENT ASSETS
Stocks 53,019 29,860
Debtors 5 4,295 31,318
Cash at bank and in hand 4,710 3,620
62,024 64,798
CREDITORS
Amounts falling due within one year 6 84,283 60,412
NET CURRENT (LIABILITIES)/ASSETS (22,259 ) 4,386
TOTAL ASSETS LESS CURRENT
LIABILITIES

(22,181

)

7,813

CREDITORS
Amounts falling due after more than one
year

7

18,808

23,516
NET LIABILITIES (40,989 ) (15,703 )

CAPITAL AND RESERVES
Called up share capital 8 10,100 100
Retained earnings (51,089 ) (15,803 )
SHAREHOLDERS' FUNDS (40,989 ) (15,703 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

Kit Blake Ltd (Registered number: 11012423)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 August 2024 and were signed by:





R G Wheat - Director


Kit Blake Ltd (Registered number: 11012423)

Notes to the Financial Statements
for the Period 1 November 2022 to 31 December 2023

1. STATUTORY INFORMATION

Kit Blake Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
The company Balance Sheet shows that liabilities exceed assets by £40,989 (2022 £15,703). The company's operations have been funded by loans from the director and because there is a reasonable expectation that trading conditions will improve, the company will then be able to fund its own operations from realised profits. For this reason the director considers it appropriate to prepare these accounts on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 2 ) .

Kit Blake Ltd (Registered number: 11012423)

Notes to the Financial Statements - continued
for the Period 1 November 2022 to 31 December 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2022
and 31 December 2023 13,331
DEPRECIATION
At 1 November 2022 9,904
Charge for period 3,349
At 31 December 2023 13,253
NET BOOK VALUE
At 31 December 2023 78
At 31 October 2022 3,427

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.10.22
£    £   
Trade debtors 4,203 31,318
Other debtors 92 -
4,295 31,318

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.10.22
£    £   
Bank loans and overdrafts 3,472 2,815
Trade creditors 18,385 7,781
Taxation and social security - 11,096
Other creditors 62,426 38,720
84,283 60,412

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.10.22
£    £   
Bank loans 18,808 23,516

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years by instalments 4,919 11,527

Kit Blake Ltd (Registered number: 11012423)

Notes to the Financial Statements - continued
for the Period 1 November 2022 to 31 December 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.10.22
value: £    £   
10,100 Ordinary £1.00 10,100 100

10,000 Ordinary shares of £1.00 each were allotted and fully paid for cash at par during the period.