1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-02-01 Sage Accounts Production Advanced 2023 - FRS102_2023 5,173 5,173 4,525 229 4,296 3,238 314 198 3,354 942 1,287 xbrli:pure xbrli:shares iso4217:GBP 11174094 2023-02-01 2024-01-31 11174094 2024-01-31 11174094 2023-01-31 11174094 2022-02-01 2023-01-31 11174094 2023-01-31 11174094 2022-01-31 11174094 bus:Director1 2023-02-01 2024-01-31 11174094 core:WithinOneYear 2024-01-31 11174094 core:WithinOneYear 2023-01-31 11174094 core:AfterOneYear 2024-01-31 11174094 core:AfterOneYear 2023-01-31 11174094 core:ShareCapital 2024-01-31 11174094 core:ShareCapital 2023-01-31 11174094 core:RetainedEarningsAccumulatedLosses 2024-01-31 11174094 core:RetainedEarningsAccumulatedLosses 2023-01-31 11174094 core:AcceleratedTaxDepreciationDeferredTax 2024-01-31 11174094 core:AcceleratedTaxDepreciationDeferredTax 2023-01-31 11174094 bus:SmallEntities 2023-02-01 2024-01-31 11174094 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 11174094 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11174094 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11174094 bus:FullAccounts 2023-02-01 2024-01-31 11174094 core:Goodwill 2023-02-01 2024-01-31 11174094 core:OfficeEquipment 2023-02-01 2024-01-31 11174094 core:Goodwill 2024-01-31 11174094 core:OfficeEquipment 2023-01-31 11174094 core:OfficeEquipment 2024-01-31
COMPANY REGISTRATION NUMBER: 11174094
Kate Rich Ltd
Filleted Unaudited Financial Statements
For the year ended
31 January 2024
Kate Rich Ltd
Statement of Financial Position
31 January 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
6
942
1,287
Current assets
Debtors
7
497
Cash at bank and in hand
21,230
22,005
--------
--------
21,727
22,005
Creditors: amounts falling due within one year
8
18,173
19,141
--------
--------
Net current assets
3,554
2,864
-------
-------
Total assets less current liabilities
4,496
4,151
Creditors: amounts falling due after more than one year
9
824
2,065
Provisions
Deferred taxation
236
322
-------
-------
Net assets
3,436
1,764
-------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
3,336
1,664
-------
-------
Shareholders funds
3,436
1,764
-------
-------
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 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Kate Rich Ltd
Statement of Financial Position (continued)
31 January 2024
These financial statements were approved by the board of directors and authorised for issue on 2 October 2024 , and are signed on behalf of the board by:
K Rich
Director
Company registration number: 11174094
Kate Rich Ltd
Notes to the Financial Statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 15 Lonsdale, Linton, Cambridge, CB21 4LT.
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
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable for services rendered and invoiced during the year, stated net of discounts and of Value Added Tax. Taxation The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Intangible assets Intangible assets which include goodwill, are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
25% reducing balance
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Intangible assets
Goodwill
£
Cost
At 1 February 2023 and 31 January 2024
5,173
-------
Amortisation
At 1 February 2023 and 31 January 2024
5,173
-------
Carrying amount
At 31 January 2024
-------
At 31 January 2023
-------
6. Tangible assets
Office equipment
£
Cost
At 1 February 2023
4,525
Disposals
( 229)
-------
At 31 January 2024
4,296
-------
Depreciation
At 1 February 2023
3,238
Charge for the year
314
Disposals
( 198)
-------
At 31 January 2024
3,354
-------
Carrying amount
At 31 January 2024
942
-------
At 31 January 2023
1,287
-------
7. Debtors
2024
2023
£
£
Other debtors
497
----
----
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
876
853
Social security and other taxes
13,824
14,408
Other creditors
3,473
3,880
--------
--------
18,173
19,141
--------
--------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
824
2,065
----
-------
10. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2024
2023
£
£
Included in provisions
236
322
----
----
The deferred tax account consists of the tax effect of timing differences in respect of:
2024
2023
£
£
Accelerated capital allowances
236
322
----
----