7 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 40,846 70,327 2,075 137 2,212 854 340 1,194 1,018 1,221 xbrli:pure xbrli:shares iso4217:GBP 11276888 2023-04-01 2024-03-31 11276888 2024-03-31 11276888 2023-03-31 11276888 2022-04-01 2023-03-31 11276888 2023-03-31 11276888 2022-03-31 11276888 bus:RegisteredOffice 2023-04-01 2024-03-31 11276888 bus:Director1 2023-04-01 2024-03-31 11276888 bus:Director2 2023-04-01 2024-03-31 11276888 core:WithinOneYear 2024-03-31 11276888 core:WithinOneYear 2023-03-31 11276888 core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 11276888 core:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 11276888 core:RetainedEarningsAccumulatedLosses 2023-03-31 11276888 core:RetainedEarningsAccumulatedLosses 2022-03-31 11276888 core:RetainedEarningsAccumulatedLosses 2024-03-31 11276888 core:RetainedEarningsAccumulatedLosses 2023-03-31 11276888 core:ShareCapital 2024-03-31 11276888 core:ShareCapital 2023-03-31 11276888 bus:SmallEntities 2023-04-01 2024-03-31 11276888 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11276888 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11276888 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11276888 bus:FullAccounts 2023-04-01 2024-03-31 11276888 core:OfficeEquipment 2023-04-01 2024-03-31 11276888 core:OfficeEquipment 2023-03-31 11276888 core:OfficeEquipment 2024-03-31
COMPANY REGISTRATION NUMBER: 11276888
Kiddimax Limited
Unaudited Financial Statements
31 March 2024
Kiddimax Limited
Financial Statements
Year ended 31 March 2024
Contents
Page
Directors' report
1
Statement of income and retained earnings
2
Statement of financial position
3
Notes to the financial statements
4
Kiddimax Limited
Directors' Report
Year ended 31 March 2024
The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2024 .
Directors
The directors who served the company during the year were as follows:
Mr S Johnson
Mr A Tauber
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 24 September 2024 and signed on behalf of the board by:
for use with a Director signature
Mr A Tauber Mr S Johnson
Director Director
Registered office:
53 Butts Road
Thornton Cleveleys
FY5 4HX
Kiddimax Limited
Statement of Income and Retained Earnings
Year ended 31 March 2024
2024
2023
Note
£
£
Turnover
1,552,684
1,634,882
Cost of sales
1,033,727
1,048,452
------------
------------
Gross profit
518,957
586,430
Distribution costs
288,986
302,516
Administrative expenses
179,489
197,115
---------
---------
Operating profit
50,482
86,799
Other interest receivable and similar income
110
120
---------
---------
Profit before taxation
5
50,592
86,919
Tax on profit
9,746
16,592
--------
--------
Profit for the financial year and total comprehensive income
40,846
70,327
--------
--------
Dividends paid and payable
( 68,766)
( 86,264)
Retained earnings at the start of the year
195,636
211,573
---------
---------
Retained earnings at the end of the year
167,716
195,636
---------
---------
All the activities of the company are from continuing operations.
Kiddimax Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
6
1,018
1,221
Current assets
Stocks
32,000
32,000
Debtors
7
31,109
14,301
Cash at bank and in hand
210,484
267,343
---------
---------
273,593
313,644
Creditors: amounts falling due within one year
8
106,893
119,227
---------
---------
Net current assets
166,700
194,417
---------
---------
Total assets less current liabilities
167,718
195,638
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
167,716
195,636
---------
---------
Shareholders funds
167,718
195,638
---------
---------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the 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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 24 September 2024 , and are signed on behalf of the board by:
Mr S Johnson
Mr A Tauber
Director
Director
Company registration number: 11276888
Kiddimax Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 53 Butts Road, Thornton Cleveleys, FY5 4HX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
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
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2023: 7 ).
5. Profit before taxation
Profit before taxation is stated after charging:
2024
2023
£
£
Depreciation of tangible assets
340
408
----
----
6. Tangible assets
Equipment
£
Cost
At 1 April 2023
2,075
Additions
137
-------
At 31 March 2024
2,212
-------
Depreciation
At 1 April 2023
854
Charge for the year
340
-------
At 31 March 2024
1,194
-------
Carrying amount
At 31 March 2024
1,018
-------
At 31 March 2023
1,221
-------
7. Debtors
2024
2023
£
£
Other debtors
31,109
14,301
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
94,822
100,560
Trade creditors
2,325
2,075
Corporation tax
9,746
16,592
---------
---------
106,893
119,227
---------
---------