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REGISTERED NUMBER: 03145498 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

KAF Professional Services Limited

KAF Professional Services Limited (Registered number: 03145498)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KAF Professional Services Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs C A Buxton
Mrs J E Fardon



SECRETARY: Mrs L Rands



REGISTERED OFFICE: Osborne House
47 Snaithing Lane
Sheffield
South Yorkshire
S10 3LF



REGISTERED NUMBER: 03145498 (England and Wales)



AUDITORS: Landin Wilcock & Co
Statutory Auditor
68 Queen Street
Sheffield
South Yorkshire
S1 1WR



BANKERS: Lloyds Bank plc
1 High Street
Sheffield
South Yorkshire
S1 2GA



SOLICITORS: Knights plc
Commercial House
14 Commercial Street
Sheffield
South Yorkshire
S1 2AT

KAF Professional Services Limited (Registered number: 03145498)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £   
CURRENT ASSETS
Debtors 4 18,165 15,892
Cash at bank and in hand 7,740 11,195
25,905 27,087
CREDITORS
Amounts falling due within one year 5 (4,306 ) (556 )
NET CURRENT ASSETS 21,599 26,531
TOTAL ASSETS LESS CURRENT LIABILITIES 21,599 26,531

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 21,597 26,529
21,599 26,531

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





Mrs C A Buxton - Director


KAF Professional Services Limited (Registered number: 03145498)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

KAF Professional Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Gift aid payment to parent charity
The company pays all its taxable profits for the reporting period to its parent charity under the gift aid scheme. These gift aid payments are recognised as distributions to owners in equity within retained earnings.

At the reporting date there was no legal obligation in place for the company to make this gift aid payment, although prior to the reporting date the board had indicated its intention to pay the taxable profits to the parent charity in respect of the reporting period. The payment is expected to be made within 9 months of the end of the reporting date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

KAF Professional Services Limited (Registered number: 03145498)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 9,268 2,696
Amounts owed by group undertakings 8,897 13,196
18,165 15,892

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Taxation and social security 556 556
Other creditors 3,750 -
4,306 556

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Tom Henshaw (Senior Statutory Auditor)
for and on behalf of Landin Wilcock & Co

7. ULTIMATE CONTROLLING PARTY

The company's immediate parent is Kings Active Foundation, incorporated in England & Wales. The company's results have been consolidated into the group accounts which are available at:


Kings Active Foundation
Osborne House
47 Snaithing Lane
Sheffield
South Yorkshire
S10 3LF