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Kidson and Kidson Ltd

Report of the Directors and

Unaudited Financial Statements

for the Year Ended 31 March 2024






Kidson and Kidson Ltd (Registered number: 07175467)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Kidson and Kidson Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P Kidson
Ms R M Kidson





SECRETARY: Ms R M Kidson





REGISTERED OFFICE: Hazelmere
Botley Road
Horton Heath
Eastleigh
Hampshire
SO50 7DN





REGISTERED NUMBER: 07175467 (England and Wales)





ACCOUNTANTS: David Tilsley Limited
91 Lakewood Road
Chandlers Ford
Eastleigh
Hampshire
SO53 5AD

Kidson and Kidson Ltd (Registered number: 07175467)

Report of the Directors
for the Year Ended 31 March 2024

The directors present their report with the financial statements of the company for the year ended 31 March 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

P Kidson
Ms R M Kidson

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





P Kidson - Director


10 October 2024

Kidson and Kidson Ltd (Registered number: 07175467)

Income Statement
for the Year Ended 31 March 2024

31.3.24 31.3.23
Notes £    £   

TURNOVER 5,550 7,203

Administrative expenses 12,251 20,965
OPERATING LOSS 4 (6,701 ) (13,762 )

Interest receivable and similar income - 34
LOSS BEFORE TAXATION (6,701 ) (13,728 )

Tax on loss 5 (13 ) 3
LOSS FOR THE FINANCIAL YEAR (6,688 ) (13,731 )

Kidson and Kidson Ltd (Registered number: 07175467)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 84 154

CURRENT ASSETS
Debtors 7 413 539
Cash at bank 135,219 141,032
135,632 141,571
CREDITORS
Amounts falling due within one year 8 4,631 3,939
NET CURRENT ASSETS 131,001 137,632
TOTAL ASSETS LESS CURRENT
LIABILITIES

131,085

137,786

PROVISIONS FOR LIABILITIES 16 29
NET ASSETS 131,069 137,757

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 130,969 137,657
SHAREHOLDERS' FUNDS 131,069 137,757

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 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:





P Kidson - Director


Kidson and Kidson Ltd (Registered number: 07175467)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Kidson and Kidson 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.

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 etc - 33% on cost and 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 3 ) .

4. OPERATING LOSS

The operating loss is stated after charging:

31.3.24 31.3.23
£    £   
Depreciation - owned assets 70 154

Kidson and Kidson Ltd (Registered number: 07175467)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TAXATION

Analysis of the tax (credit)/charge
The tax (credit)/charge on the loss for the year was as follows:
31.3.24 31.3.23
£    £   
Deferred tax (13 ) 3
Tax on loss (13 ) 3

6. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 3,548 843 4,391
DEPRECIATION
At 1 April 2023 3,394 843 4,237
Charge for year 70 - 70
At 31 March 2024 3,464 843 4,307
NET BOOK VALUE
At 31 March 2024 84 - 84
At 31 March 2023 154 - 154

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Prepayments 413 539

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Directors' current accounts 3,731 2,918
Accrued expenses 900 1,021
4,631 3,939