Registered number
07105501
Kaydan Decorators Limited
Filleted Accounts
31 March 2024
Kaydan Decorators Limited
Registered number: 07105501
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,518 3,357
Current assets
Stocks 320 320
Debtors 4 18,360 9,356
Cash at bank and in hand 16,918 4,923
35,598 14,599
Creditors: amounts falling due within one year 5 (19,086) (15,785)
Net current assets/(liabilities) 16,512 (1,186)
Net assets 19,030 2,171
Capital and reserves
Called up share capital 100 100
Profit and loss account 18,930 2,071
Shareholders' funds 19,030 2,171
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.
P A Woollery
Director
Approved by the board on 12 September 2024
Kaydan Decorators Limited
Notes to the Accounts
for the year ended 31 March 2024
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 received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 evenly over its expected useful life, as follows:
Plant and machinery at 20% on cost
Motor vehicles at 25% on reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 636 17,671 18,307
At 31 March 2024 636 17,671 18,307
Depreciation
At 1 April 2023 635 14,315 14,950
Charge for the year - 839 839
At 31 March 2024 635 15,154 15,789
Net book value
At 31 March 2024 1 2,517 2,518
At 31 March 2023 1 3,356 3,357
4 Debtors 2024 2023
£ £
Other debtors 18,360 9,356
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 553 1,469
Taxation and social security costs 14,665 6,900
Sundry creditors and accrued 1,286 636
Other creditors 2,582 6,780
19,086 15,785
6 Other information
Kaydan Decorators Limited is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot Lane
Stanmore
HA7 1JS
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