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REGISTERED NUMBER: 12432497 (England and Wales)

























Unaudited Financial Statements for the Year Ended 31 January 2024

for

K&K Beauty Ltd

K&K Beauty Ltd (Registered number: 12432497)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


K&K Beauty Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Ms K Hadfield
Ms K L Waters





REGISTERED OFFICE: IN Accountancy Ltd
Unit 2, Station View
Hazel Grove
Stockport
Cheshire
SK7 5ER





REGISTERED NUMBER: 12432497 (England and Wales)





ACCOUNTANTS: IN Accountancy Limited
2 Station View
Bramhall Moor Lane
Hazel Grove
Stockport
Cheshire
SK7 5ER

K&K Beauty Ltd (Registered number: 12432497)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 249,340 47,322

CURRENT ASSETS
Stocks 68,114 34,839
Debtors 5 166,207 148,266
Cash at bank and in hand 749,189 598,601
983,510 781,706
CREDITORS
Amounts falling due within one
year

6

382,929

312,171
NET CURRENT ASSETS 600,581 469,535
TOTAL ASSETS LESS CURRENT
LIABILITIES

849,921

516,857

CREDITORS
Amounts falling due after more
than one year

7

(282,549

)

(41,487

)

PROVISIONS FOR LIABILITIES (6,141 ) (5,414 )
NET ASSETS 561,231 469,956

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 561,229 469,954
SHAREHOLDERS' FUNDS 561,231 469,956

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

K&K Beauty Ltd (Registered number: 12432497)

Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





Ms K L Waters - Director


K&K Beauty Ltd (Registered number: 12432497)

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

1. STATUTORY INFORMATION

K&K Beauty Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 20% on reducing balance

Leasehold improvements addtions are depreciated over the term of the lease which is 5 years from July 2022.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

K&K Beauty Ltd (Registered number: 12432497)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 62,584
Additions 276,303
Disposals (6,565 )
At 31 January 2024 332,322
DEPRECIATION
At 1 February 2023 15,262
Charge for year 69,033
Eliminated on disposal (1,313 )
At 31 January 2024 82,982
NET BOOK VALUE
At 31 January 2024 249,340
At 31 January 2023 47,322

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 255,448
At 31 January 2024 255,448
DEPRECIATION
Charge for year 51,090
At 31 January 2024 51,090
NET BOOK VALUE
At 31 January 2024 204,358

K&K Beauty Ltd (Registered number: 12432497)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 58,610 104,093
Other debtors 107,597 44,173
166,207 148,266

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 5,955 4,167
Hire purchase contracts (see note 8)
47,624

-
Trade creditors 36,587 79,987
Taxation and social security 266,165 209,470
Other creditors 26,598 18,547
382,929 312,171

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 33,744 41,487
Hire purchase contracts (see note 8)
248,805

-
282,549 41,487

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.1.24 31.1.23
£    £   
Net obligations repayable:
Within one year 47,624 -
Between one and five years 248,805 -
296,429 -

Non-cancellable operating leases
31.1.24 31.1.23
£    £   
Within one year - 58,290
Between one and five years - 204,015
- 262,305

9. RELATED PARTY DISCLOSURES

As at 31 January 2024 the company owed £12,248 to the directors (2023: £8,589). This loan is repayable on demand with no interest being charged,

K&K Beauty Ltd (Registered number: 12432497)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the directors.