18 February 2023 false No description of principal activity Taxfiler 2024.6 14672344business:PrivateLimitedCompanyLtd2023-02-182024-02-29 146723442023-02-17 146723442023-02-182024-02-29 14672344business:AuditExemptWithAccountantsReport2023-02-182024-02-29 14672344business:FilletedAccounts2023-02-182024-02-29 146723442024-02-29 14672344business:Director12023-02-182024-02-29 14672344business:RegisteredOffice2023-02-182024-02-29 14672344core:WithinOneYear2024-02-29 14672344core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 14672344core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 14672344core:PreviouslyStatedAmount2024-02-29 14672344business:SmallEntities2023-02-182024-02-29 14672344countries:EnglandWales2023-02-182024-02-29 14672344core:FurnitureFittings2023-02-182024-02-29 14672344core:FurnitureFittings2023-02-17 14672344core:FurnitureFittings2024-02-29 14672344core:AfterOneYear2024-02-29 iso4217:GBP xbrli:pure
Company Registration No. 14672344 (England and Wales)
Ky Food Ltd Unaudited accounts for the period from 18 February 2023 to 29 February 2024
Ky Food Ltd Unaudited accounts Contents
Page
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Ky Food Ltd Company Information for the period from 18 February 2023 to 29 February 2024
Director
Chi Tak Royce Chow
Company Number
14672344 (England and Wales)
Registered Office
59 Glenthorne Avenue Yeovil Somerset BA21 4PN England
Accountants
LJW Accountants Limited 27 Hardy Avenue Dartford Kent DA1 2FE
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Ky Food Ltd Statement of financial position as at 29 February 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
123 
Current assets
Inventories
1,800 
Debtors
402 
Cash at bank and in hand
24,165 
26,367 
Creditors: amounts falling due within one year
(17,296)
Net current assets
9,071 
Net assets
9,194 
Capital and reserves
Called up share capital
100 
Profit and loss account
9,094 
Shareholders' funds
9,194 
For the period ending 29 February 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 17 November 2024 and were signed on its behalf by
Chi Tak Royce Chow Director Company Registration No. 14672344
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Ky Food Ltd Notes to the Accounts for the period from 18 February 2023 to 29 February 2024
1
Statutory information
Ky Food Ltd is a private company, limited by shares, registered in England and Wales, registration number 14672344. The registered office is 59 Glenthorne Avenue, Yeovil, Somerset, BA21 4PN, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Foreign exchange
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.
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:
Fixtures & fittings
Over 5 years period
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Ky Food Ltd Notes to the Accounts for the period from 18 February 2023 to 29 February 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 18 February 2023
- 
Additions
154 
At 29 February 2024
154 
Depreciation
Charge for the period
31 
At 29 February 2024
31 
Net book value
At 29 February 2024
123 
5
Debtors
2024 
£ 
Amounts falling due after more than one year
Other debtors
402 
6
Creditors: amounts falling due within one year
2024 
£ 
VAT
7,129 
Trade creditors
1,663 
Taxes and social security
7,064 
Accruals
1,440 
17,296 
7
Average number of employees
During the period the average number of employees was 11.
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