Registered number
11813528
Kkini Ltd
Filleted Accounts
29 February 2024
Kkini Ltd
Registered number: 11813528
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 21,000 25,200
Tangible assets 4 17,620 13,867
38,620 39,067
Current assets
Stocks 5,540 4,570
Debtors 5 19,397 24,759
Cash at bank and in hand 233,189 227,825
258,126 257,154
Creditors: amounts falling due within one year 6 (139,896) (151,428)
Net current assets 118,230 105,726
Total assets less current liabilities 156,850 144,793
Creditors: amounts falling due after more than one year 7 (22,500) (32,500)
Net assets 134,350 112,293
Capital and reserves
Called up share capital 100 100
Profit and loss account 134,250 112,193
Shareholders' funds 134,350 112,293
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 members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
H Q Kim
Director
Approved by the board on 27 September 2024
Kkini Ltd
Notes to the Accounts
for the year ended 29 February 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 20% reducing balance
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 2024 2023
Number Number
Average number of persons employed by the company 18 18
3 Intangible fixed assets £
Lease premium:
Cost
At 1 March 2023 42,000
At 29 February 2024 42,000
Amortisation
At 1 March 2023 16,800
Provided during the year 4,200
At 29 February 2024 21,000
Net book value
At 29 February 2024 21,000
At 28 February 2023 25,200
Lease premium is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 28,340
Additions 8,095
At 29 February 2024 36,435
Depreciation
At 1 March 2023 14,473
Charge for the year 4,342
At 29 February 2024 18,815
Net book value
At 29 February 2024 17,620
At 28 February 2023 13,867
5 Debtors 2024 2023
£ £
Trade debtors 9,868 17,842
Other debtors 9,529 6,917
19,397 24,759
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 18,097 20,822
Taxation and social security costs 26,101 9,510
Other creditors 95,698 121,096
139,896 151,428
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 22,500 32,500
8 Other information
Kkini Ltd is a private company limited by shares and incorporated in England. Its registered office is:
131 Fortess Road
London
NW5 2HR
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