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Company Registration No. 11574713 (England and Wales)
Kin + Ilk The Maltings Ltd Unaudited accounts for the year ended 31 December 2023
Kin + Ilk The Maltings Ltd Unaudited accounts Contents
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Kin + Ilk The Maltings Ltd Company Information for the year ended 31 December 2023
Directors
David Davies Haydn Darke
Company Number
11574713 (England and Wales)
Registered Office
1 Capital Quarter C/O Kin + Ilk Capital 1 Tyndall Street Cardiff United Kingdom CF10 4BZ
Accountants
Cadre Advisory Ltd Embassy Offices, Stangate House Stanwell Road Penarth CF64 2AA
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Kin + Ilk The Maltings Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
669 
2,684 
Current assets
Inventories
15,957 
15,957 
Debtors
168,254 
125,540 
Cash at bank and in hand
8,093 
100 
192,304 
141,597 
Creditors: amounts falling due within one year
(295,593)
(207,182)
Net current liabilities
(103,289)
(65,585)
Total assets less current liabilities
(102,620)
(62,901)
Creditors: amounts falling due after more than one year
(36,965)
(42,377)
Net liabilities
(139,585)
(105,278)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(139,587)
(105,280)
Shareholders' funds
(139,585)
(105,278)
For the year ending 31 December 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 25 April 2024 and were signed on its behalf by
David Davies Director Company Registration No. 11574713
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Kin + Ilk The Maltings Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Kin + Ilk The Maltings Ltd is a private company, limited by shares, registered in England and Wales, registration number 11574713. The registered office is 1 Capital Quarter C/O Kin + Ilk Capital , 1 Tyndall Street, Cardiff, United Kingdom, CF10 4BZ.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
25% Straight Line
Computer equipment
33% Straight Line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.
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Kin + Ilk The Maltings Ltd Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
8,268 
3,739 
12,007 
Additions
250 
- 
250 
At 31 December 2023
8,518 
3,739 
12,257 
Depreciation
At 1 January 2023
5,882 
3,441 
9,323 
Charge for the year
2,067 
198 
2,265 
At 31 December 2023
7,949 
3,639 
11,588 
Net book value
At 31 December 2023
569 
100 
669 
At 31 December 2022
2,386 
298 
2,684 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
23,725 
109,620 
Amounts due from group undertakings etc.
118,129 
15,920 
Accrued income and prepayments
26,400 
- 
168,254 
125,540 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,756 
6,011 
VAT
4,412 
4,433 
Trade creditors
31,043 
32,157 
Amounts owed to group undertakings and other participating interests
212,121 
120,443 
Taxes and social security
24,249 
7,745 
Other creditors
1,412 
432 
Accruals
16,600 
35,961 
295,593 
207,182 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
36,965 
42,377 
8
Average number of employees
During the year the average number of employees was 7 (2022: 7).
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