Company Registration No. 9382252 (England and Wales)
K&F1991 Ltd
Unaudited accounts
for the year ended 31 January 2024
K&F1991 Ltd
Unaudited accounts
Contents
K&F1991 Ltd
Company Information
for the year ended 31 January 2024
Director
Andrea Velletrani
Company Number
9382252 (England and Wales)
Registered Office
2ND FLOOR
22 EASTCHEAP
LONDON
EC3M 1EU
ENGLAND
K&F1991 Ltd
Statement of financial position
as at 31 January 2024
Cash at bank and in hand
26,123
16,329
Creditors: amounts falling due within one year
(24,262)
(154,877)
Net current assets
32,227
85,145
Total assets less current liabilities
32,993
86,619
Provisions for liabilities
Other provisions
(28,580)
(54,592)
Called up share capital
1,000
1,000
Profit and loss account
3,413
31,027
Shareholders' funds
4,413
32,027
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 22 October 2024 and were signed on its behalf by
Andrea Velletrani
Director
Company Registration No. 9382252
K&F1991 Ltd
Notes to the Accounts
for the year ended 31 January 2024
K&F1991 Ltd is a private company, limited by shares, registered in England and Wales, registration number 9382252. The registered office is 2ND FLOOR, 22 EASTCHEAP, LONDON, EC3M 1EU, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The Company's functional currency is £ sterling.
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.
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:
Computer equipment
25% SLM
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
At the time of approval of these financial statements, the Directors have a reasonable expectation that the Company has adequate resources to continue to adopt the going concern basis of accounting for the next twelve months.
K&F1991 Ltd
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2023
19,793
15,783
35,576
Disposals
(19,793)
-
(19,793)
At 31 January 2024
-
15,783
15,783
At 1 February 2023
19,793
14,309
34,102
Charge for the year
-
708
708
On disposals
(19,793)
-
(19,793)
At 31 January 2024
-
15,017
15,017
At 31 January 2024
-
766
766
At 31 January 2023
-
1,474
1,474
Amounts falling due within one year
Trade debtors
28,580
205,181
Accrued income and prepayments
-
17,036
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
23,670
154,285
7
Provisions for liabilities
£
A provision for bad debt of £28,580 has been made, in relation to Debtor's invoices judged as unrecoverable at the FS date and to be written off.
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
K&F1991 Ltd
Notes to the Accounts
for the year ended 31 January 2024
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).