Registered number
11028321
KGAesthetics Ltd
Filleted Accounts
31 October 2024
KGAesthetics Ltd
Registered number: 11028321
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 60,877 65,945
Current assets
Stocks 1,000 1,000
Cash at bank and in hand 15,574 2,758
16,574 3,758
Creditors: amounts falling due within one year 4 (15,486) (14,676)
Net current assets/(liabilities) 1,088 (10,918)
Total assets less current liabilities 61,965 55,027
Creditors: amounts falling due after more than one year 5 (47,809) (54,284)
Net assets 14,156 743
Capital and reserves
Called up share capital 1 1
Profit and loss account 14,155 742
Shareholders' funds 14,156 743
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Katie Govind
Director
Approved by the board on 25 November 2024
KGAesthetics Ltd
Notes to the Accounts
for the year ended 31 October 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.
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 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023 82,431
Additions 10,151
At 31 October 2024 92,582
Depreciation
At 1 November 2023 16,486
Charge for the year 15,219
At 31 October 2024 31,705
Net book value
At 31 October 2024 60,877
At 31 October 2023 65,945
4 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 13,941 13,941
Taxation and social security costs 60 -
Other creditors 1,485 735
15,486 14,676
5 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 44,572 58,513
Other creditors 3,237 (4,229)
47,809 54,284
6 Controlling party
The ultimate controlling party during the period was Mrs K Govind.
7 Other information
KGAesthetics Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Langdale House
Saltergate Drive
Harrogate
HG3 2YE
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