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COMPANY REGISTRATION NUMBER: 13509286
THE KALEIDOSCOPE COLLECTIVE LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
28 July 2024
THE KALEIDOSCOPE COLLECTIVE LTD
STATEMENT OF FINANCIAL POSITION
28 July 2024
2024
2023
Note
£
£
£
CURRENT ASSETS
Debtors
5
1,156
5,219
Cash at bank and in hand
172,466
260,598
---------
---------
173,622
265,817
CREDITORS: amounts falling due within one year
6
( 80,826)
( 116,546)
---------
---------
NET CURRENT ASSETS
92,796
149,271
--------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
92,796
149,271
--------
---------
NET ASSETS
92,796
149,271
--------
---------
CAPITAL AND RESERVES
Called up share capital
1
1
Profit and loss account
92,795
149,270
--------
---------
SHAREHOLDERS FUNDS
92,796
149,271
--------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28 July 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 5 November 2024 , and are signed on behalf of the board by:
E Bennett
Director
Company registration number: 13509286
THE KALEIDOSCOPE COLLECTIVE LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 28 JULY 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20-22 Bridge End, Leeds, LS1 4DJ, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax.
Income tax
Deferred Taxation is provided using the liability method on all timing differences that have originated but not reversed at the balance sheet date.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2023: 1 ).
5. Debtors
2024
2023
£
£
Other debtors
1,156
5,219
-------
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
35,721
36,054
Social security and other taxes
480
7,174
Other creditors
44,625
73,318
--------
---------
80,826
116,546
--------
---------