Registered number
07751067
Kirunish Ltd
Unaudited Filleted Accounts
31 December 2023
Kirunish Ltd
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Kirunish Ltd for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Kirunish Ltd for the year ended 31 December 2023 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
Pitts & SeeUs
Chartered Accountants
Studio 6
6 Hornsey Street
London
N7 8GR
10 June 2024
Kirunish Ltd
Registered number: 07751067
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,725 1,240
Current assets
Debtors 4 - 45,965
Cash at bank and in hand 165,826 116,484
165,826 162,449
Creditors: amounts falling due within one year 5 (22,433) (51,272)
Net current assets 143,393 111,177
Net assets 145,118 112,417
Capital and reserves
Called up share capital 100 100
Profit and loss account 145,018 112,317
Shareholder's funds 145,118 112,417
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 member has 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.
Mr S Suthakaran
Director
Approved by the board on 10 June 2024
Kirunish Ltd
Statement of Changes in Equity
for the year ended 31 December 2023
Share Profit Total
capital and loss
account
£ £ £
At 1 January 2022 100 94,141 94,241
Profit for the financial year 61,176 61,176
Dividends (43,000) (43,000)
At 31 December 2022 100 112,317 112,417
At 1 January 2023 100 112,317 112,417
Profit for the financial year 50,701 50,701
Dividends (18,000) (18,000)
At 31 December 2023 100 145,018 145,118
Kirunish Ltd
Notes to the Accounts
for the year ended 31 December 2023
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 15 17
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 1,937
Additions 916
At 31 December 2023 2,853
Depreciation
At 1 January 2023 697
Charge for the year 431
At 31 December 2023 1,128
Net book value
At 31 December 2023 1,725
At 31 December 2022 1,240
4 Debtors 2023 2022
£ £
Trade debtors - 39,965
Other debtors - 6,000
- 45,965
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,671 16,869
Taxation and social security costs 15,036 31,263
Other creditors 5,726 3,140
22,433 51,272
6 Other information
Kirunish Ltd is a private company limited by shares and incorporated in England. Its registered office is:
60 Farnham Road
Seven Kings
Ilford
IG3 8QD
Kirunish Ltd 07751067 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts July 2024 Mr S Suthakaran No description of principal activity 07751067 2022-01-01 2022-12-31 07751067 bus:AllOrdinaryShares core:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 07751067 core:WithinOneYear 2022-12-31 07751067 core:ShareCapital 2022-12-31 07751067 core:RetainedEarningsAccumulatedLosses 2022-12-31 07751067 2021-12-31 07751067 core:ShareCapital 2021-12-31 07751067 core:RetainedEarningsAccumulatedLosses 2021-12-31 07751067 2023-01-01 2023-12-31 07751067 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07751067 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 07751067 bus:Director40 2023-01-01 2023-12-31 07751067 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 07751067 bus:AllOrdinaryShares core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 07751067 1 2023-01-01 2023-12-31 07751067 2 2023-01-01 2023-12-31 07751067 core:PlantMachinery 2023-01-01 2023-12-31 07751067 countries:England 2023-01-01 2023-12-31 07751067 bus:FRS102 2023-01-01 2023-12-31 07751067 bus:FilletedAccounts 2023-01-01 2023-12-31 07751067 2023-12-31 07751067 core:WithinOneYear 2023-12-31 07751067 core:ShareCapital 2023-12-31 07751067 core:RetainedEarningsAccumulatedLosses 2023-12-31 07751067 core:PlantMachinery 2023-12-31 07751067 2022-12-31 07751067 core:PlantMachinery 2022-12-31 iso4217:GBP xbrli:pure