Registered number
08427299
KIDS START LTD
Filleted Accounts
31 December 2023
KIDS START LTD
Registered number: 08427299
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 19,784 21,852
Current assets
Debtors 4 8,250 8,250
Cash at bank and in hand 144,724 169,800
152,974 178,050
Creditors: amounts falling due within one year 5 (49,159) (50,742)
Net current assets 103,815 127,308
Total assets less current liabilities 123,599 149,160
Creditors: amounts falling due after more than one year 6 (23,333) (33,734)
Provisions for liabilities (3,759) (4,152)
Net assets 96,507 111,274
Capital and reserves
Called up share capital 2 2
Profit and loss account 96,505 111,272
Shareholders' funds 96,507 111,274
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mrs J Cooper
Director
Approved by the board on 28 August 2024
KIDS START 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 receivable. Turnover includes revenue earned from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery 25% per annum reducing balance basis
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. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 34 29
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 49,738
Additions 3,870
At 31 December 2023 53,608
Depreciation
At 1 January 2023 27,886
Charge for the year 5,938
At 31 December 2023 33,824
Net book value
At 31 December 2023 19,784
At 31 December 2022 21,852
4 Debtors 2023 2022
£ £
Trade debtors and prepayments 8,250 8,250
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,000 9,600
Trade creditors and accruals 12,634 4,989
Corporation tax 16,731 19,559
Other taxes and social security costs 8,073 6,349
Other creditors - directors' loan accounts 1,721 10,245
49,159 50,742
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 23,333 33,734
7 Events after the reporting date
There were no events after the reporting date which would affect the user's understanding of these accounts.
8 Contingent liabilities
There were no contingent liabilities in existence at the year end.
9 Controlling party
The two directors each own 50% of the issued ordinary share capital of the company.
10 Other information
KIDS START LTD is a private company limited by shares and incorporated in England. Its registered office is:
151 Longley Lane
Manchester
M22 4HY
KIDS START LTD 08427299 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts April 2024 Mrs J Cooper No description of principal activity 08427299 2022-01-01 2022-12-31 08427299 core:WithinOneYear 2022-12-31 08427299 core:AfterOneYear 2022-12-31 08427299 core:ShareCapital 2022-12-31 08427299 core:RetainedEarningsAccumulatedLosses 2022-12-31 08427299 2023-01-01 2023-12-31 08427299 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08427299 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08427299 bus:Director40 2023-01-01 2023-12-31 08427299 1 2023-01-01 2023-12-31 08427299 2 2023-01-01 2023-12-31 08427299 core:PlantMachinery 2023-01-01 2023-12-31 08427299 countries:England 2023-01-01 2023-12-31 08427299 bus:FRS102 2023-01-01 2023-12-31 08427299 bus:FilletedAccounts 2023-01-01 2023-12-31 08427299 2023-12-31 08427299 core:WithinOneYear 2023-12-31 08427299 core:AfterOneYear 2023-12-31 08427299 core:ShareCapital 2023-12-31 08427299 core:RetainedEarningsAccumulatedLosses 2023-12-31 08427299 core:PlantMachinery 2023-12-31 08427299 2022-12-31 08427299 core:PlantMachinery 2022-12-31 iso4217:GBP xbrli:pure