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REGISTERED NUMBER: 07106033 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

THE KID COLLECTIVE LTD

THE KID COLLECTIVE LTD (REGISTERED NUMBER: 07106033)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE KID COLLECTIVE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: L M Davies





SECRETARY: S Robinson





REGISTERED OFFICE: 14 Iliffe Avenue
Oadby
Leicester
Leicestershire
LE2 5LH





REGISTERED NUMBER: 07106033 (England and Wales)





ACCOUNTANTS: TC Group
31 High View Close
Hamilton Office Park
Leicester
Leicestershire
LE4 9LJ

THE KID COLLECTIVE LTD (REGISTERED NUMBER: 07106033)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 149,815 20,640
149,815 20,640

CURRENT ASSETS
Stocks 164,545 142,829
Debtors 6 18,546 12,824
Cash at bank and in hand 42,256 22,765
225,347 178,418
CREDITORS
Amounts falling due within one year 7 112,267 157,712
NET CURRENT ASSETS 113,080 20,706
TOTAL ASSETS LESS CURRENT LIABILITIES 262,895 41,346

CREDITORS
Amounts falling due after more than one
year

8

19,500

-
NET ASSETS 243,395 41,346

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 243,385 41,336
243,395 41,346

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 KID COLLECTIVE LTD (REGISTERED NUMBER: 07106033)

BALANCE SHEET - continued
31 MARCH 2024


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.

The financial statements were approved by the director and authorised for issue on 24 September 2024 and were signed by:





L M Davies - Director


THE KID COLLECTIVE LTD (REGISTERED NUMBER: 07106033)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

The Kid Collective Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 year 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 year 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.

THE KID COLLECTIVE LTD (REGISTERED NUMBER: 07106033)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023 30,000
Disposals (30,000 )
At 31 March 2024 -
AMORTISATION
At 1 April 2023 30,000
Eliminated on disposal (30,000 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 3,427 3,209 15,875 50,940 73,451
Additions 109,781 24,421 4,925 - 139,127
At 31 March 2024 113,208 27,630 20,800 50,940 212,578
DEPRECIATION
At 1 April 2023 3,427 2,120 12,441 34,823 52,811
Charge for year - 3,828 2,095 4,029 9,952
At 31 March 2024 3,427 5,948 14,536 38,852 62,763
NET BOOK VALUE
At 31 March 2024 109,781 21,682 6,264 12,088 149,815
At 31 March 2023 - 1,089 3,434 16,117 20,640

THE KID COLLECTIVE LTD (REGISTERED NUMBER: 07106033)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors (24 ) 18
Other debtors 18,570 12,806
18,546 12,824

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 25,098
Trade creditors 39,934 48,255
Amounts owed to associates - 30,000
Taxation and social security 11,103 2,448
Other creditors 61,230 51,911
112,267 157,712

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 19,500 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 25,098

10. RELATED PARTY DISCLOSURES

Included in other creditors is a loan from a director of £250 (2023 : £250)
The loan is interest free and repayable on demand.