Company Registration No. 11621112 (England and Wales)
Kin + Ilk St Davids Limited
Unaudited accounts
for the year ended 31 December 2023
Kin + Ilk St Davids Limited
Unaudited accounts
Contents
Kin + Ilk St Davids Limited
Company Information
for the year ended 31 December 2023
Directors
David Davies
Haydn Darke
Company Number
11621112 (England and Wales)
Registered Office
C/O Kin + Ilk Capital Quarter Limited
1 Capital Quarter, Tyndall Street,
Cardiff
CF10 4BZ
United Kingdom
Accountants
Cadre Advisory Ltd
Embassy Offices, Stangate House
Stanwell Road
Penarth
CF64 2AA
Kin + Ilk St Davids Limited
Statement of financial position
as at 31 December 2023
Tangible assets
17,939
27,545
Cash at bank and in hand
18,024
521
Creditors: amounts falling due within one year
(219,014)
(163,520)
Net current assets
54,905
109,237
Total assets less current liabilities
72,844
136,782
Creditors: amounts falling due after more than one year
(47,990)
(72,614)
Called up share capital
2
2
Profit and loss account
24,852
64,166
Shareholders' funds
24,854
64,168
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. 11621112
Kin + Ilk St Davids Limited
Notes to the Accounts
for the year ended 31 December 2023
Kin + Ilk St Davids Limited is a private company, limited by shares, registered in England and Wales, registration number 11621112. The registered office is C/O Kin + Ilk Capital Quarter Limited, 1 Capital Quarter, Tyndall Street,, Cardiff, CF10 4BZ, United Kingdom.
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
20% Straight Line
Fixtures & fittings
20% Straight Line
Computer equipment
33.33% Straight Line
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 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.
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.
Kin + Ilk St Davids Limited
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2023
21,181
27,271
10,176
708
59,336
Additions
-
2,328
548
-
2,876
At 31 December 2023
21,181
29,599
10,724
708
62,212
At 1 January 2023
12,708
14,506
4,538
39
31,791
Charge for the year
4,236
5,920
2,090
236
12,482
At 31 December 2023
16,944
20,426
6,628
275
44,273
At 31 December 2023
4,237
9,173
4,096
433
17,939
At 31 December 2022
8,473
12,765
5,638
669
27,545
Amounts falling due within one year
Trade debtors
4,787
17,130
Amounts due from group undertakings etc.
239,440
242,885
Accrued income and prepayments
2,653
3,148
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
25,748
25,790
Trade creditors
76,032
39,214
Taxes and social security
26,763
19,227
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 9 (2022: 9).