KIA INTERNATIONAL LIMITED

Company Registration Number:
SC337892 (Scotland)

Unaudited abridged accounts for the year ended 28 February 2024

Period of accounts

Start date: 01 March 2023

End date: 28 February 2024

KIA INTERNATIONAL LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Notes

KIA INTERNATIONAL LIMITED

Balance sheet

As at 28 February 2024


Notes

2024

2023


£

£
Current assets
Debtors:   26,573 23,759
Cash at bank and in hand: 7,548 6,394
Total current assets: 34,121 30,153
Creditors: amounts falling due within one year:   (25,732) (28,373)
Net current assets (liabilities): 8,389 1,780
Total assets less current liabilities: 8,389 1,780
Total net assets (liabilities): 8,389 1,780
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 8,387 1,778
Shareholders funds: 8,389 1,780

The notes form part of these financial statements

KIA INTERNATIONAL LIMITED

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 22 November 2024
and signed on behalf of the board by:

Name: I Daley
Status: Director

The notes form part of these financial statements

KIA INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied.

Other accounting policies

Hire purchase and leasing commitments Rentals paid under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease. Judgements and key sources of estimated uncertainty The preparation of the financial statements requires management to make judgements estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances Corporation Tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Going Concern After reviewing the forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The Director continues to support the business. The company therefore continues to adopt the going concern basis in preparing it financial statements.

KIA INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

2. Employees

2024 2023
Average number of employees during the period 2 2