Krazy Kids @ P.J'S Ltd 08216332 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Hairdressing and other beauty treatment Digita Accounts Production Advanced 6.30.9574.0 true true 08216332 2023-04-01 2024-03-31 08216332 2024-03-31 08216332 core:CurrentFinancialInstruments 2024-03-31 08216332 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08216332 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 08216332 core:PlantMachinery 2024-03-31 08216332 bus:SmallEntities 2023-04-01 2024-03-31 08216332 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08216332 bus:FilletedAccounts 2023-04-01 2024-03-31 08216332 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08216332 bus:RegisteredOffice 2023-04-01 2024-03-31 08216332 bus:Director1 2023-04-01 2024-03-31 08216332 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08216332 core:FurnitureFittings 2023-04-01 2024-03-31 08216332 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08216332 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 08216332 core:PlantMachinery 2023-04-01 2024-03-31 08216332 countries:EnglandWales 2023-04-01 2024-03-31 08216332 2023-03-31 08216332 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 08216332 core:PlantMachinery 2023-03-31 08216332 2022-04-01 2023-03-31 08216332 2023-03-31 08216332 core:CurrentFinancialInstruments 2023-03-31 08216332 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 08216332 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 08216332 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 08216332

Krazy Kids @ P.J'S Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Krazy Kids @ P.J'S Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Krazy Kids @ P.J'S Ltd

Company Information

Director

Ms Elizabeth Tucker

Registered office

2 Charnwood House
Marsh Road
Ashton
Bristol
BS3 2NA

Accountants

Stone & Co Chartered Accountants
2 Charnwood House
Marsh Road
Ashton
Bristol
BS3 2NA

 

Krazy Kids @ P.J'S Ltd

(Registration number: 08216332)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

         

Fixed assets

   

Tangible assets

4

 

749

1,085

Current assets

   

Stocks

5

6,000

 

1,146

Debtors

6

29,857

 

32,157

Cash at bank and in hand

 

1,437

 

738

 

37,294

 

34,041

Creditors: Amounts falling due within one year

7

(21,675)

 

(18,610)

Net current assets

   

15,619

15,431

Net assets

   

16,368

16,516

Capital and reserves

   

Called up share capital

1

 

1

Retained earnings

16,367

 

16,515

Shareholders' funds

   

16,368

16,516

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 September 2024
 

.........................................

Ms Elizabeth Tucker
Director

 

Krazy Kids @ P.J'S Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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:
2 Charnwood House
Marsh Road
Ashton
Bristol
BS3 2NA
United Kingdom

These financial statements were authorised for issue by the director on 21 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Krazy Kids @ P.J'S Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet 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 class

Depreciation method and rate

Fixtures and fittings

25% reducing balance

Improvements to property

10% straight line

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

 

Krazy Kids @ P.J'S Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Tangible assets

Land and buildings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2023

2,645

688

3,333

At 31 March 2024

2,645

688

3,333

Depreciation

At 1 April 2023

1,716

532

2,248

Charge for the year

264

72

336

At 31 March 2024

1,980

604

2,584

Carrying amount

At 31 March 2024

665

84

749

At 31 March 2023

929

156

1,085

Included within the net book value of land and buildings above is £664 (2023 - £929) in respect of freehold land and buildings.
 

5

Stocks

2024
£

2023
£

Other inventories

6,000

1,146

6

Debtors

Current

2024
£

2023
£

Other debtors

29,857

32,157

 

29,857

32,157

 

Krazy Kids @ P.J'S Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

201

-

Taxation and social security

1,545

2,460

Accruals and deferred income

500

500

Other creditors

19,429

15,650

21,675

18,610

8

Related party transactions

 

Krazy Kids @ P.J'S Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Summary of transactions with other related parties

At the balance sheet date, the company owed £10,746 to other associated companies (2023: £9,837). The company was owed £29,857 (2023: £32,157) by associated companies.

At the balance sheet date, the company owed the director £4,073 (2023: £1,203).

The balances were interest free and repayable on demand.