KYTUN (UK) LTD

Company Registration Number:
07295898 (England and Wales)

Unaudited abridged accounts for the year ended 25 December 2023

Period of accounts

Start date: 26 December 2022

End date: 25 December 2023

KYTUN (UK) LTD

Contents of the Financial Statements

for the Period Ended 25 December 2023

Balance sheet
Notes

KYTUN (UK) LTD

Balance sheet

As at 25 December 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 535,367 82,359
Investments: 4 80,759 0
Total fixed assets: 616,126 82,359
Current assets
Stocks: 280,000 275,000
Debtors: 5 1,643,669 436,717
Cash at bank and in hand: 749,653 837,863
Total current assets: 2,673,322 1,549,580
Creditors: amounts falling due within one year:   (2,640,539) (1,170,795)
Net current assets (liabilities): 32,783 378,785
Total assets less current liabilities: 648,909 461,144
Total net assets (liabilities): 648,909 461,144
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 648,809 461,044
Shareholders funds: 648,909 461,144

The notes form part of these financial statements

KYTUN (UK) LTD

Balance sheet statements

For the year ending 25 December 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 September 2024
and signed on behalf of the board by:

Name: Daniel Gallagher
Status: Director

The notes form part of these financial statements

KYTUN (UK) LTD

Notes to the Financial Statements

for the Period Ended 25 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

KYTUN (UK) LTD

Notes to the Financial Statements

for the Period Ended 25 December 2023

2. Employees

2023 2022
Average number of employees during the period 39 9

KYTUN (UK) LTD

Notes to the Financial Statements

for the Period Ended 25 December 2023

3. Tangible Assets

Total
Cost £
At 26 December 2022 116,996
Additions 557,443
Disposals (26,840)
At 25 December 2023 647,599
Depreciation
At 26 December 2022 34,637
Charge for year 80,950
On disposals (3,355)
At 25 December 2023 112,232
Net book value
At 25 December 2023 535,367
At 25 December 2022 82,359

KYTUN (UK) LTD

Notes to the Financial Statements

for the Period Ended 25 December 2023

4. Fixed investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

KYTUN (UK) LTD

Notes to the Financial Statements

for the Period Ended 25 December 2023

5. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

KYTUN (UK) LTD

Notes to the Financial Statements

for the Period Ended 25 December 2023

6. Related party transactions

Name of the related party: North West Aluminium Slate Trim Ltd
Relationship:
Parent Company
Description of the Transaction: The company purchases stock from North West Aluminium Slate Trim Ltd.
£
Balance at 26 December 2022 778,031
Balance at 25 December 2023 1,575,950
Name of the related party: Kenmore Plastics Ltd
Relationship:
Investment
Description of the Transaction: Company Restructure
£
Balance at 26 December 2022 0
Balance at 25 December 2023 695,854