KUL-KIS LIMITED

Company Registration Number:
NI018263 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

KUL-KIS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

KUL-KIS LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 0 2,000
Tangible assets: 4 24,800 25,600
Total fixed assets: 24,800 27,600
Current assets
Stocks: 23,300 24,803
Debtors:   34,776 36,114
Cash at bank and in hand: 219,060 223,770
Total current assets: 277,136 284,687
Creditors: amounts falling due within one year:   (43,187) (60,347)
Net current assets (liabilities): 233,949 224,340
Total assets less current liabilities: 258,749 251,940
Total net assets (liabilities): 258,749 251,940
Capital and reserves
Called up share capital: 2 2
Revaluation reserve:520,15020,150
Profit and loss account: 238,597 231,788
Shareholders funds: 258,749 251,940

The notes form part of these financial statements

KUL-KIS LIMITED

Balance sheet statements

For the year ending 31 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: Mr J Elliott
Status: Director

The notes form part of these financial statements

KUL-KIS LIMITED

Notes to the Financial Statements

for the Period Ended 31 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

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life.

KUL-KIS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 6 7

KUL-KIS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible Assets

Total
Cost £
At 01 January 2023 10,000
At 31 December 2023 10,000
Amortisation
At 01 January 2023 8,000
Charge for year 2,000
At 31 December 2023 10,000
Net book value
At 31 December 2023 0
At 31 December 2022 2,000

KUL-KIS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 59,581
At 31 December 2023 59,581
Depreciation
At 01 January 2023 33,981
Charge for year 800
At 31 December 2023 34,781
Net book value
At 31 December 2023 24,800
At 31 December 2022 25,600

KUL-KIS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Revaluation reserve

2023
£
Balance at 01 January 2023 20,150
Surplus or deficit after revaluation 0
Balance at 31 December 2023 20,150