Eun Ji Kim Ltd
Registered number: 10540138
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Stocks 94,650 125,910
Debtors 3 106,609 72,407
Cash at bank and in hand 17,362 120,609
218,621 318,926
Creditors: amounts falling due within one year 4 (58,806) (110,978)
Net current assets 159,815 207,948
Total assets less current liabilities 159,815 207,948
Creditors: amounts falling due after more than one year 5 (28,271) (38,079)
Net assets 131,544 169,869
Capital and reserves
Called up share capital 100 100
Profit and loss account 131,444 169,769
Shareholder's funds 131,544 169,869
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
E J Kim
Director
Approved by the board on 24 September 2024
Eun Ji Kim 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 received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Debtors 2023 2022
£ £
Trade debtors 6,279 7,730
Other debtors 100,330 64,677
106,609 72,407
4 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 2,099 2,099
Other taxes and social security costs 3,253 3,274
Other creditors 53,454 105,605
58,806 110,978
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 28,271 38,079
6 Other information
Eun Ji Kim Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Suite 41, Chessington Business Centre
37 Cox Lane
Chessington
Surrey
KT9 1SD
Eun Ji Kim Ltd 10540138 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts July 2024 E J Kim No description of principal activity 10540138 2022-01-01 2022-12-31 10540138 core:WithinOneYear 2022-12-31 10540138 core:AfterOneYear 2022-12-31 10540138 core:ShareCapital 2022-12-31 10540138 core:RetainedEarningsAccumulatedLosses 2022-12-31 10540138 2023-01-01 2023-12-31 10540138 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10540138 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10540138 bus:Director40 2023-01-01 2023-12-31 10540138 1 2023-01-01 2023-12-31 10540138 2 2023-01-01 2023-12-31 10540138 countries:England 2023-01-01 2023-12-31 10540138 bus:FRS102 2023-01-01 2023-12-31 10540138 bus:FilletedAccounts 2023-01-01 2023-12-31 10540138 2023-12-31 10540138 core:WithinOneYear 2023-12-31 10540138 core:AfterOneYear 2023-12-31 10540138 core:ShareCapital 2023-12-31 10540138 core:RetainedEarningsAccumulatedLosses 2023-12-31 10540138 2022-12-31 iso4217:GBP xbrli:pure