Kiwi Red Limited 04638931 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is Catering services Digita Accounts Production Advanced 6.30.9574.0 true 04638931 2023-02-01 2024-01-31 04638931 2024-01-31 04638931 bus:Director1 1 2024-01-31 04638931 bus:OrdinaryShareClass1 2024-01-31 04638931 core:CurrentFinancialInstruments 2024-01-31 04638931 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 04638931 core:FurnitureFittingsToolsEquipment 2024-01-31 04638931 core:OtherPropertyPlantEquipment 2024-01-31 04638931 bus:SmallEntities 2023-02-01 2024-01-31 04638931 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 04638931 bus:FilletedAccounts 2023-02-01 2024-01-31 04638931 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 04638931 bus:RegisteredOffice 2023-02-01 2024-01-31 04638931 bus:CompanySecretary1 2023-02-01 2024-01-31 04638931 bus:Director1 2023-02-01 2024-01-31 04638931 bus:Director1 1 2023-02-01 2024-01-31 04638931 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 04638931 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 04638931 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 04638931 core:OfficeEquipment 2023-02-01 2024-01-31 04638931 core:OtherPropertyPlantEquipment 2023-02-01 2024-01-31 04638931 core:PlantMachinery 2023-02-01 2024-01-31 04638931 countries:EnglandWales 2023-02-01 2024-01-31 04638931 2023-01-31 04638931 bus:Director1 1 2023-01-31 04638931 core:FurnitureFittingsToolsEquipment 2023-01-31 04638931 core:OtherPropertyPlantEquipment 2023-01-31 04638931 2022-02-01 2023-01-31 04638931 2023-01-31 04638931 bus:Director1 1 2023-01-31 04638931 bus:OrdinaryShareClass1 2023-01-31 04638931 core:CurrentFinancialInstruments 2023-01-31 04638931 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 04638931 core:FurnitureFittingsToolsEquipment 2023-01-31 04638931 core:OtherPropertyPlantEquipment 2023-01-31 04638931 bus:Director1 1 2022-02-01 2023-01-31 04638931 bus:Director1 1 2022-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04638931

Kiwi Red Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

Kiwi Red Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Kiwi Red Limited

Company Information

Director

Ms HJ Robertson

Company secretary

Mr Alexander Walls

Registered office

2 Western Street
Barnsley
South Yorkshire
S70 2BP

Accountants

Cameron Alexander Accountants Ltd
Chartered Certified Accountants
2 Western Street
Barnsley
South Yorkshire
S70 2BP

 

Kiwi Red Limited

(Registration number: 04638931)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

4,677

4,856

Current assets

 

Debtors

4

374

374

Cash at bank and in hand

 

28,531

15,164

 

28,905

15,538

Creditors: Amounts falling due within one year

5

(12,399)

(7,699)

Net current assets

 

16,506

7,839

Total assets less current liabilities

 

21,183

12,695

Provisions for liabilities

(889)

(923)

Net assets

 

20,294

11,772

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

20,293

11,771

Shareholders' funds

 

20,294

11,772

For the financial 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 accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 October 2024
 

.........................................
Ms HJ Robertson
Director

 

Kiwi Red Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Kiwi Red Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery etc

- 25% on reducing balance

Office Equipment

- 25% on reducing balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Kiwi Red Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

3

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 February 2023

2,828

10,193

13,021

Additions

1,242

-

1,242

At 31 January 2024

4,070

10,193

14,263

Depreciation

At 1 February 2023

1,105

7,060

8,165

Charge for the year

638

783

1,421

At 31 January 2024

1,743

7,843

9,586

Carrying amount

At 31 January 2024

2,327

2,350

4,677

At 31 January 2023

1,723

3,133

4,856

4

Debtors

Current

2024
£

2023
£

Prepayments

374

374

 

374

374

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

30

30

Taxation and social security

145

102

Accruals and deferred income

780

660

Other creditors

11,444

6,907

12,399

7,699

 

Kiwi Red Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

       

7

Related party transactions

Transactions with the director

2024

At 1 February 2023
£

Advances to director
£

At 31 January 2024
£

Ms HJ Robertson

No interest is charged on the loan and there is no fixed date of repayment.

6

1,010

1,016

2023

At 1 February 2022
£

Advances to director
£

At 31 January 2023
£

Ms HJ Robertson

No interest is charged on the loan and there is no fixed date of repayment.

264

(258)

6