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REGISTERED NUMBER: 09159733 (England and Wales)

















Unaudited Financial Statements

for the Period 1 August 2022 to 30 July 2023

for

KL Upholstery Limited

KL Upholstery Limited (Registered number: 09159733)






Contents of the Financial Statements
for the Period 1 August 2022 to 30 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KL Upholstery Limited

Company Information
for the Period 1 August 2022 to 30 July 2023







DIRECTORS: Mr K Lincoln
Mrs L M Lincoln





REGISTERED OFFICE: B.c.l. House 2 Pavilion Business Park
Royds Hall Road
Leeds
LS12 6AJ





REGISTERED NUMBER: 09159733 (England and Wales)





ACCOUNTANTS: SMH BCL Accountants Ltd
2, Pavilion Business Park
Royds Hall Road
Lower Wortley
Leeds
LS12 6AJ

KL Upholstery Limited (Registered number: 09159733)

Balance Sheet
30 July 2023

2023 2022
Notes £ £
CURRENT ASSETS
Stocks 850 850
Debtors 5 36,183 50,996
Cash at bank 162 71
37,195 51,917
CREDITORS
Amounts falling due within one year 6 27,243 36,294
NET CURRENT ASSETS 9,952 15,623
TOTAL ASSETS LESS CURRENT LIABILITIES 9,952 15,623

CREDITORS
Amounts falling due after more than one
year

7

28,414

30,698
NET LIABILITIES (18,462 ) (15,075 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (18,562 ) (15,175 )
SHAREHOLDERS' FUNDS (18,462 ) (15,075 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 July 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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.

KL Upholstery Limited (Registered number: 09159733)

Balance Sheet - continued
30 July 2023



The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2024 and were signed on its behalf by:





Mr K Lincoln - Director


KL Upholstery Limited (Registered number: 09159733)

Notes to the Financial Statements
for the Period 1 August 2022 to 30 July 2023

1. STATUTORY INFORMATION

KL Upholstery 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

KL Upholstery Limited (Registered number: 09159733)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 30 July 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£ £ £
COST
At 1 August 2022
and 30 July 2023 1 628 629
DEPRECIATION
At 1 August 2022
and 30 July 2023 1 628 629
NET BOOK VALUE
At 30 July 2023 - - -
At 31 July 2022 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 4,908 3,247
Other debtors 31,275 47,749
36,183 50,996

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 8,000 8,000
Trade creditors 2,871 1,458
Taxation and social security 14,327 24,887
Other creditors 2,045 1,949
27,243 36,294

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans 28,414 30,698

KL Upholstery Limited (Registered number: 09159733)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 30 July 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 July 2023 and the year ended 31 July 2022:

2023 2022
£ £
Mr K Lincoln and Mrs L M Lincoln
Balance outstanding at start of period 35,350 45,188
Amounts advanced 52,751 -
Amounts repaid (65,191 ) (9,838 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 22,910 35,350