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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
Page
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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
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Kin + Ilk St Davids Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,939 
27,545 
Current assets
Inventories
5,815 
5,815 
Debtors
250,080 
266,421 
Cash at bank and in hand
18,024 
521 
273,919 
272,757 
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)
Net assets
24,854 
64,168 
Capital and reserves
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
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Kin + Ilk St Davids Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
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
20% Straight Line
Fixtures & fittings
20% Straight Line
Computer equipment
33.33% 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.
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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 
Depreciation
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 
Net book value
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 
5
Debtors
2023 
2022 
£ 
£ 
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 
Other debtors
3,200 
3,258 
250,080 
266,421 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
25,748 
25,790 
VAT
27,769 
13,775 
Trade creditors
76,032 
39,214 
Taxes and social security
26,763 
19,227 
Other creditors
89 
346 
Accruals
62,613 
65,168 
219,014 
163,520 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
47,990 
72,614 
8
Average number of employees
During the year the average number of employees was 9 (2022: 9).
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