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Company Registration No. 10570964 (England and Wales)
K&K GELATO LTD Unaudited accounts for the year ended 31 January 2024
K&K GELATO LTD Unaudited accounts Contents
Page
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K&K GELATO LTD Company Information for the year ended 31 January 2024
Director
Khalid CHHIBDA
Company Number
10570964 (England and Wales)
Registered Office
10 SHARP STREET DEWSBURY WF13 1QZ ENGLAND
Accountants
HLA Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY
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K&K GELATO LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,973 
23,716 
Current assets
Inventories
5,760 
45,760 
Debtors
100 
100 
Cash at bank and in hand
2,532 
1,271 
8,392 
47,131 
Creditors: amounts falling due within one year
(36,076)
(78,867)
Net current liabilities
(27,684)
(31,736)
Net liabilities
(8,711)
(8,020)
Capital and reserves
Share premium
100 
100 
Profit and loss account
(8,811)
(8,120)
Shareholders' funds
(8,711)
(8,020)
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 October 2024 and were signed on its behalf by
Khalid CHHIBDA Director Company Registration No. 10570964
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K&K GELATO LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
K&K GELATO LTD is a private company, limited by shares, registered in England and Wales, registration number 10570964. The registered office is 10 SHARP STREET, DEWSBURY, WF13 1QZ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
27,699 
2,275 
29,974 
At 31 January 2024
27,699 
2,275 
29,974 
Depreciation
At 1 February 2023
5,263 
995 
6,258 
Charge for the year
4,487 
256 
4,743 
At 31 January 2024
9,750 
1,251 
11,001 
Net book value
At 31 January 2024
17,949 
1,024 
18,973 
At 31 January 2023
22,436 
1,280 
23,716 
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K&K GELATO LTD Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
100 
100 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
647 
626 
Trade creditors
- 
4,867 
Taxes and social security
3,859 
- 
Loans from directors
30,065 
72,574 
Accruals
1,505 
800 
36,076 
78,867 
7
Average number of employees
During the year the average number of employees was 3 (2023: 2).
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