Registered number
07831625
London Kir Limited
Filleted Accounts
30 November 2023
London Kir Limited
Registered number: 07831625
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 19,955 24,335
Current assets
Stocks 22,930 20,590
Debtors 4 8,335 6,940
Cash at bank and in hand 23,784 15,211
55,049 42,741
Creditors: amounts falling due within one year 5 (13,339) (7,981)
Net current assets 41,710 34,760
Total assets less current liabilities 61,665 59,095
Creditors: amounts falling due after more than one year 6 (21,549) (28,320)
Net assets 40,116 30,775
Capital and reserves
Called up share capital 100 100
Profit and loss account 40,016 30,675
Shareholders' funds 40,116 30,775
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Huseyin Kir
Director
Approved by the board on 2 August 2024
London Kir Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, as follows;
Fix, fittings & equipment 18%, reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit. Corporation tax liability is not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Fix, fittings & equipment
£
Cost
At 1 December 2022 30,721
At 30 November 2023 30,721
Depreciation
At 1 December 2022 6,386
Charge for the year 4,380
At 30 November 2023 10,766
Net book value
At 30 November 2023 19,955
At 30 November 2022 24,335
4 Debtors 2023 2022
£ £
Deposit, prepayments & other debtors 8,335 6,940
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 7,047 5,620
Other taxes and social security costs 2,994 -
Accrued expenses & other creditors 3,298 2,361
13,339 7,981
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 21,549 28,320
7 Other information
London Kir Limited is a private company limited by shares and incorporated in England. Its registered office is:
91 Dresden Road
London
N19 3BG
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