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Company Registration No. 09675791 (England and Wales)
KIN + ILK PONTCANNA LIMITED Unaudited accounts for the year ended 31 December 2023
KIN + ILK PONTCANNA LIMITED Unaudited accounts Contents
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KIN + ILK PONTCANNA LIMITED Company Information for the year ended 31 December 2023
Director
David Davies
Company Number
09675791 (England and Wales)
Registered Office
1 Capital Quarter Tyndall Street Cardiff Wales CF10 4BZ
Accountants
Cadre Advisory Ltd Embassy Offices, Stangate House Stanwell Road Penarth CF64 2AA
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KIN + ILK PONTCANNA LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
121,396 
160,310 
Current assets
Inventories
11,412 
11,412 
Debtors
273,961 
261,418 
Cash at bank and in hand
17,806 
586 
303,179 
273,416 
Creditors: amounts falling due within one year
(314,037)
(299,371)
Net current liabilities
(10,858)
(25,955)
Total assets less current liabilities
110,538 
134,355 
Creditors: amounts falling due after more than one year
(246,439)
(196,553)
Net liabilities
(135,901)
(62,198)
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
40,768 
40,768 
Profit and loss account
(176,670)
(102,967)
Shareholders' funds
(135,901)
(62,198)
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 director acknowledges his 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 and authorised for issue on 25 April 2024 and were signed on its behalf by
David Davies Director Company Registration No. 09675791
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KIN + ILK PONTCANNA LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
KIN + ILK PONTCANNA LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09675791. The registered office is 1 Capital Quarter, Tyndall Street, Cardiff, Wales, 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:
Land & buildings
20% Straight Line
Plant & machinery
20% Straight Line
Motor vehicles
25% Straight Line
Fixtures & fittings
15 years Straight Line
Computer equipment
25% Straight Line
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.
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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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.
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KIN + ILK PONTCANNA LIMITED Notes to the Accounts for the year ended 31 December 2023
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.
Charges
Barclays Security Trustee Limited holds fixed and floating charge and a negative pledge dated 21 January 2021 over Kin + IIK Pontcanna Limited on all monies, obligations and liabilities which may be due to Barclays Security Trustee Limited now and in the future. (Charge code 0967 5791 0003) Finance Wales Investments (8) LTD holds fixed and floating charge and a negative pledge dated 17 December 2015 over Kin + IIK Pontcanna Limited on all monies, obligations and liabilities which may be due to Finance Wales Investments (8) LTD now and in the future. (Charge code 0967 5791 0001)
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 January 2023
3,360 
34,152 
21,370 
275,581 
3,321 
337,784 
Additions
- 
- 
- 
645 
308 
953 
At 31 December 2023
3,360 
34,152 
21,370 
276,226 
3,629 
338,737 
Depreciation
At 1 January 2023
2,465 
14,850 
17,416 
140,402 
2,341 
177,474 
Charge for the year
672 
6,153 
3,954 
28,706 
382 
39,867 
At 31 December 2023
3,137 
21,003 
21,370 
169,108 
2,723 
217,341 
Net book value
At 31 December 2023
223 
13,149 
- 
107,118 
906 
121,396 
At 31 December 2022
895 
19,302 
3,954 
135,179 
980 
160,310 
5
Inventories
2023 
2022 
£ 
£ 
Raw materials
11,412 
11,412 
11,412 
11,412 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,180 
105 
Amounts due from group undertakings etc.
260,782 
251,938 
Accrued income and prepayments
9,999 
9,375 
273,961 
261,418 
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KIN + ILK PONTCANNA LIMITED Notes to the Accounts for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,395 
6,306 
VAT
36,126 
26,039 
Trade creditors
46,277 
102,273 
Amounts owed to group undertakings and other participating interests
134,374 
66,264 
Taxes and social security
15,178 
10,754 
Other creditors
746 
398 
Loans from directors
15 
53 
Accruals
74,926 
87,284 
314,037 
299,371 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
33,839 
40,253 
Amounts owed to group undertakings and other participating interests
212,600 
156,300 
246,439 
196,553 
9
Average number of employees
During the year the average number of employees was 14 (2022: 14).
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