KIRUNA AND CO CONSULTANTS LIMITED
Registered number: 11911844
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 970 1,213
Current assets
Debtors 3 140,000 158,000
Cash at bank and in hand 4,831 165
144,831 158,165
Creditors: amounts falling due within one year 4 (10,750) (17,410)
Net current assets 134,081 140,755
Total assets less current liabilities 135,051 141,968
Creditors: amounts falling due after more than one year 5 (93,504) (103,501)
Net assets 41,547 38,467
Capital and reserves
Called up share capital 100 100
Profit and loss account 41,447 38,367
Shareholders' funds 41,547 38,467
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J. Poate
Director
Approved by the board on 15 September 2024
KIRUNA AND CO CONSULTANTS LIMITED
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2024 2023
£ £
Other debtors 140,000 158,000
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans 10,000 10,000
Taxation and social security costs 750 7,410
10,750 17,410
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 12,504 22,501
Other creditors 81,000 81,000
93,504 103,501
6 Other information
KIRUNA AND CO CONSULTANTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
4 South Walk
West Wickham
Kent
BR4 9JA
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