Registered number
13175960
Kanya's Kitchen Ltd
Unaudited Filleted Accounts
31 January 2024
Kanya's Kitchen Ltd
Registered number: 13175960
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 45,993 45,676
Current assets
Stocks 3,000 2,082
Debtors 4 15,656 15,285
Cash at bank and in hand 10,293 14,508
28,949 31,875
Creditors: amounts falling due within one year 5 (147,101) (73,028)
Net current liabilities (118,152) (41,153)
Total assets less current liabilities (72,159) 4,523
Creditors: amounts falling due after more than one year 6 (100,000) (100,000)
Net liabilities (172,159) (95,477)
Capital and reserves
Called up share capital 1 1
Profit and loss account (172,160) (95,478)
Shareholder's funds (172,159) (95,477)
The directors are 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 directors acknowledge their 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.
John Carlos Carney Garcia
Director
Approved by the board on 28 October 2024
Kanya's Kitchen 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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 February 2023 5,987 49,611 55,598
Additions - 12,799 12,799
At 31 January 2024 5,987 62,410 68,397
Depreciation
At 1 February 2023 - 9,922 9,922
Charge for the year - 12,482 12,482
At 31 January 2024 - 22,404 22,404
Net book value
At 31 January 2024 5,987 40,006 45,993
At 31 January 2023 5,987 39,689 45,676
4 Debtors 2024 2023
£ £
Trade debtors 1,067 139
Other debtors 14,589 15,146
15,656 15,285
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 1,642 1,589
Trade creditors 41,472 7,777
Taxation and social security costs 6,475 (644)
Other creditors 97,512 64,306
147,101 73,028
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 100,000 100,000
7 Other information
Kanya's Kitchen Ltd is a private company limited by shares and incorporated in England. Its registered office is:
214 Lower Addiscombe Road
Croydon
CR0 7AB
Kanya's Kitchen Ltd 13175960 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts July 2024 John Carlos Carney Garcia No description of principal activity 13175960 2022-02-01 2023-01-31 13175960 core:WithinOneYear 2023-01-31 13175960 core:AfterOneYear 2023-01-31 13175960 core:ShareCapital 2023-01-31 13175960 core:RetainedEarningsAccumulatedLosses 2023-01-31 13175960 2023-02-01 2024-01-31 13175960 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13175960 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 13175960 bus:Director40 2023-02-01 2024-01-31 13175960 1 2023-02-01 2024-01-31 13175960 2 2023-02-01 2024-01-31 13175960 core:LandBuildings 2023-02-01 2024-01-31 13175960 core:PlantMachinery 2023-02-01 2024-01-31 13175960 countries:England 2023-02-01 2024-01-31 13175960 bus:FRS102 2023-02-01 2024-01-31 13175960 bus:FilletedAccounts 2023-02-01 2024-01-31 13175960 2024-01-31 13175960 core:WithinOneYear 2024-01-31 13175960 core:AfterOneYear 2024-01-31 13175960 core:ShareCapital 2024-01-31 13175960 core:RetainedEarningsAccumulatedLosses 2024-01-31 13175960 core:LandBuildings 2024-01-31 13175960 core:PlantMachinery 2024-01-31 13175960 2023-01-31 13175960 core:LandBuildings 2023-01-31 13175960 core:PlantMachinery 2023-01-31 iso4217:GBP xbrli:pure