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COMPANY REGISTRATION NUMBER: 05940994
KK Sutton Limited
Filleted Unaudited Financial Statements
31 December 2023
KK Sutton Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Current assets
Debtors
5
18,573
225,221
Cash at bank and in hand
502,007
445,843
---------
---------
520,580
671,064
Creditors: amounts falling due within one year
6
37,017
240,813
---------
---------
Net current assets
483,563
430,251
---------
---------
Total assets less current liabilities
483,563
430,251
---------
---------
Net assets
483,563
430,251
---------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
483,562
430,250
---------
---------
Shareholders funds
483,563
430,251
---------
---------
These financial statements have been prepared and delivered 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'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 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 20 September 2024 , and are signed on behalf of the board by:
Mr J D Morley
Director
Company registration number: 05940994
KK Sutton Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1st Floor, Lumiere, Elstree Way, Borehamwood, Herts, WD6 1JH.
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
(a) 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.
(b) Revenue recognition
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. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
(c) Income tax
Deferred tax is recognised in respect of all materially significant timing differences that have originated but not reversed at the balance sheet date.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2022: 3 ).
5. Debtors
2023
2022
£
£
Trade debtors
12,362
12,243
Other debtors
6,211
212,978
--------
---------
18,573
225,221
--------
---------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
239
348
Corporation tax
22,126
8,119
Social security and other taxes
8,342
5,436
Other creditors
6,310
226,910
--------
---------
37,017
240,813
--------
---------
7. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
Balance brought forward and outstanding
2023
2022
£
£
8. Related party transactions
The company was under the control of Mr J D Morley throughout the period. Mr J D Morley is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard FRS 102 (Section 1A).