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Registered number: 07949559
Kristian Kiel UK Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
JML Business Services Limited
25 Church Street
Godalming
Surrey
GU7 1EL
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 07949559
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 214 522
214 522
CURRENT ASSETS
Debtors 5 22,650 22,650
Cash at bank and in hand 14,524 12,792
37,174 35,442
Creditors: Amounts Falling Due Within One Year 6 (48,203 ) (46,994 )
NET CURRENT ASSETS (LIABILITIES) (11,029 ) (11,552 )
TOTAL ASSETS LESS CURRENT LIABILITIES (10,815 ) (11,030 )
Creditors: Amounts Falling Due After More Than One Year 7 (3,573 ) (5,162 )
NET LIABILITIES (14,388 ) (16,192 )
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Income Statement (15,388 ) (17,192 )
SHAREHOLDERS' FUNDS (14,388) (16,192)
Page 1
Page 2
For the year ending 28 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Ms Sophie Newick
Director
25/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Kristian Kiel UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07949559 . The registered office is C/O JML Business Services Ltd, 25 Church Street, Godalming, Surrey, GU7 1EL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 33% Straight line
Fixtures & Fittings 20% Straight line
Computer Equipment 33% Straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 1,600 536 2,798 4,934
As at 28 February 2024 1,600 536 2,798 4,934
Depreciation
As at 1 March 2023 1,600 214 2,598 4,412
Provided during the period - 108 200 308
As at 28 February 2024 1,600 322 2,798 4,720
Net Book Value
As at 28 February 2024 - 214 - 214
As at 1 March 2023 - 322 200 522
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 22,650 22,650
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 44,000 44,000
VAT 224 85
Accruals and deferred income 960 960
Directors' loan accounts 3,019 1,949
48,203 46,994
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bounce back loan 3,573 5,162
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 4