Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false22023-01-01No description of principal activity2true 13311977 2023-01-01 2023-12-31 13311977 2022-01-01 2022-12-31 13311977 2023-12-31 13311977 2022-12-31 13311977 c:Director1 2023-01-01 2023-12-31 13311977 c:Director2 2023-01-01 2023-12-31 13311977 d:CurrentFinancialInstruments 2023-12-31 13311977 d:CurrentFinancialInstruments 2022-12-31 13311977 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13311977 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13311977 d:ShareCapital 2023-12-31 13311977 d:ShareCapital 2022-12-31 13311977 d:RetainedEarningsAccumulatedLosses 2023-12-31 13311977 d:RetainedEarningsAccumulatedLosses 2022-12-31 13311977 c:FRS102 2023-01-01 2023-12-31 13311977 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13311977 c:FullAccounts 2023-01-01 2023-12-31 13311977 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 13311977









KF BRANDS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
KF BRANDS LTD
REGISTERED NUMBER: 13311977

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2023
2022
2022
Note
£
£
£
£

  

Current assets
  

Stocks
  
3,680
31,213

Debtors due within one year
 4 
19,353
11,913

Cash at bank and in hand
  
32,564
14,264

  
55,597
57,390

Creditors due within one year
 5 
(81,093)
(59,222)

Net current liabilities
  
 
 
(25,496)
 
 
(1,832)

Total assets less current liabilities
  
(25,496)
(1,832)

  

Net liabilities
  
(25,496)
(1,832)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(25,596)
(1,932)

  
(25,496)
(1,832)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 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.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 August 2024.

T Fieldgrass
N Kingsley-Fieldgrass
Director
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
KF BRANDS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

KF Brands Ltd is a private company limited by shares and registered in England and Wales. The address of its registered office is 3 Kensington Church Street, London, England, W8 4LB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements are prepared on the basis that the company will remain as a going cocern as it has the financial support of the parent company.

 
2.3

Currency

The company's functional and presentational currency is GBP.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

Page 2

 
KF BRANDS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. 


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Debtors

2023
2022
£
£


Trade debtors
11,548
10

Amounts owed by group undertakings
7,440
10,610

Other debtors
365
1,293

19,353
11,913



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
878
119

Amounts owed to group undertakings
78,415
56,603

Accruals
1,800
2,500

81,093
59,222



6.


Related party transactions

At the financial year end date, the amount owed by group entities was £7,440 (2022: £10,610) and  £78,415 (2022 £56,603) was owed to group entities. 

Page 3

 
KF BRANDS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Controlling party

The parent company is Natteo Limited, a company registered in England and Wales.

 
Page 4