IRIS Accounts Production v24.2.0.383 09327863 director 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh093278632022-12-31093278632023-12-31093278632023-01-012023-12-31093278632021-12-31093278632022-01-012022-12-31093278632022-12-3109327863ns15:EnglandWales2023-01-012023-12-3109327863ns14:PoundSterling2023-01-012023-12-3109327863ns10:Director12023-01-012023-12-3109327863ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3109327863ns10:SmallEntities2023-01-012023-12-3109327863ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3109327863ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3109327863ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3109327863ns10:FullAccounts2023-01-012023-12-3109327863ns10:OrdinaryShareClass12023-01-012023-12-3109327863ns10:RegisteredOffice2023-01-012023-12-3109327863ns5:CurrentFinancialInstruments2023-12-3109327863ns5:CurrentFinancialInstruments2022-12-3109327863ns5:Non-currentFinancialInstruments2023-12-3109327863ns5:Non-currentFinancialInstruments2022-12-3109327863ns5:ShareCapital2023-12-3109327863ns5:ShareCapital2022-12-3109327863ns5:RevaluationReserve2023-12-3109327863ns5:RevaluationReserve2022-12-3109327863ns5:RetainedEarningsAccumulatedLosses2023-12-3109327863ns5:RetainedEarningsAccumulatedLosses2022-12-3109327863ns5:LandBuildings2022-12-3109327863ns5:PlantMachinery2022-12-3109327863ns5:LandBuildings2023-01-012023-12-3109327863ns5:PlantMachinery2023-01-012023-12-3109327863ns5:LandBuildings2023-12-3109327863ns5:PlantMachinery2023-12-3109327863ns5:LandBuildings2022-12-3109327863ns5:PlantMachinery2022-12-3109327863ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 09327863 (England and Wales)










KMP Yoga Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2023






KMP Yoga Ltd (Registered number: 09327863)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KMP Yoga Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: F Auda





REGISTERED OFFICE: 7 Lynwood Court
Priestlands Place
Lymington
Hampshire
SO41 9GA





REGISTERED NUMBER: 09327863 (England and Wales)

KMP Yoga Ltd (Registered number: 09327863)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 222,887 225,460

CURRENT ASSETS
Debtors 6 20,000 20,000
Cash at bank 54,764 43,920
74,764 63,920
CREDITORS
Amounts falling due within one year 7 (11,481 ) (10,494 )
NET CURRENT ASSETS 63,283 53,426
TOTAL ASSETS LESS CURRENT
LIABILITIES

286,170

278,886

CREDITORS
Amounts falling due after more than one year 8 (37,500 ) (37,500 )
NET ASSETS 248,670 241,386

CAPITAL AND RESERVES
Called up share capital 9 80,000 80,000
Revaluation reserve 150,000 150,000
Retained earnings 18,670 11,386
SHAREHOLDERS' FUNDS 248,670 241,386

KMP Yoga Ltd (Registered number: 09327863)

Balance Sheet - continued
31 December 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 September 2024 and were signed by:





F Auda - Director


KMP Yoga Ltd (Registered number: 09327863)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7 Lynwood Court,
Priestlands Place,
Lymington,
Hampshire,
SO41 9GA

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention.

TANGIBLE FIXED ASSETS
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and
installation.

DEPRECIATION
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset classDepreciation method and rate
Plant and machineryStraight line over 10 years

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

KMP Yoga Ltd (Registered number: 09327863)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. ACCOUNTING POLICIES - continued

GOING CONCERN
The financial statements have been prepared on a going concern basis.

REVENUE RECOGNITION
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

CASH AND CASH EQUIVALENTS
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

TRADE DEBTORS
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

TRADE CREDITORS
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

SHARE CAPITAL
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

DEFINED CONTRIBUTION PENSION OBLIGATION
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

KMP Yoga Ltd (Registered number: 09327863)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Property Plant and
improvements machinery Totals
£    £    £   
COST
At 1 January 2023 135,000 204,652 339,652
Additions - 5,525 5,525
At 31 December 2023 135,000 210,177 345,177
DEPRECIATION
At 1 January 2023 54,000 60,192 114,192
Charge for year - 8,098 8,098
At 31 December 2023 54,000 68,290 122,290
NET BOOK VALUE
At 31 December 2023 81,000 141,887 222,887
At 31 December 2022 81,000 144,460 225,460

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 20,000 20,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 422
Nest pension 412 281
Teachers 1,840 830
PAYE NI liability 1,816 770
VAT 5,556 6,691
Directors' current accounts 357 -
Accrued expense 1,500 1,500
11,481 10,494

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bounce back loan 37,500 37,500

KMP Yoga Ltd (Registered number: 09327863)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
80,000 Ordinary shares 1 80,000 80,000