Registered number
10586220
Kilnwood Associates Ltd
Filleted Accounts
31 January 2024
Kilnwood Associates Ltd
Registered number: 10586220
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,060 1,124
Current assets
Cash at bank and in hand 10,361 10,194
Creditors: amounts falling due within one year 4 (16,283) (3,161)
Net current (liabilities)/assets (5,922) 7,033
Net (liabilities)/assets (4,862) 8,157
Capital and reserves
Profit and loss account (4,862) 8,157
Shareholder's funds (4,862) 8,157
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Vallerine
Director
Approved by the board on 28 October 2024
Kilnwood Associates Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 4,194
Additions 289
At 31 January 2024 4,483
Depreciation
At 1 February 2023 3,070
Charge for the year 353
At 31 January 2024 3,423
Net book value
At 31 January 2024 1,060
At 31 January 2023 1,124
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 356
Taxation and social security costs (2,628) 2,570
Other creditors 18,911 235
16,283 3,161
5 Other information
Kilnwood Associates Ltd is a private company limited by shares and incorporated in England. Its registered office is:
76 Park Street
Horsham
West Sussex
RH12 1BX
Kilnwood Associates Ltd 10586220 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts April 2022 S Vallerine No description of principal activity 10586220 2022-02-01 2023-01-31 10586220 core:WithinOneYear 2023-01-31 10586220 core:RetainedEarningsAccumulatedLosses 2023-01-31 10586220 2023-02-01 2024-01-31 10586220 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10586220 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 10586220 bus:Director40 2023-02-01 2024-01-31 10586220 1 2023-02-01 2024-01-31 10586220 2 2023-02-01 2024-01-31 10586220 core:PlantMachinery 2023-02-01 2024-01-31 10586220 countries:England 2023-02-01 2024-01-31 10586220 bus:FRS102 2023-02-01 2024-01-31 10586220 bus:FullAccounts 2023-02-01 2024-01-31 10586220 2024-01-31 10586220 core:WithinOneYear 2024-01-31 10586220 core:RetainedEarningsAccumulatedLosses 2024-01-31 10586220 core:PlantMachinery 2024-01-31 10586220 2023-01-31 10586220 core:PlantMachinery 2023-01-31 iso4217:GBP xbrli:pure