K & C Interiors Limited 10000612 true 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Plastering Digita Accounts Production Advanced 6.30.9574.0 true Mr Lance Mulligan 10000612 2023-04-01 2024-03-31 10000612 2024-03-31 10000612 bus:OrdinaryShareClass1 2024-03-31 10000612 core:RetainedEarningsAccumulatedLosses 2024-03-31 10000612 core:ShareCapital 2024-03-31 10000612 core:CurrentFinancialInstruments 2024-03-31 10000612 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 10000612 core:Non-currentFinancialInstruments 2024-03-31 10000612 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 10000612 bus:FRS102 2023-04-01 2024-03-31 10000612 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10000612 bus:FullAccounts 2023-04-01 2024-03-31 10000612 bus:RegisteredOffice 2023-04-01 2024-03-31 10000612 bus:Director1 2023-04-01 2024-03-31 10000612 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 10000612 bus:EntityNoLongerTradingButTradedInPast 2023-04-01 2024-03-31 10000612 bus:Consolidated 2023-04-01 2024-03-31 10000612 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10000612 countries:AllCountries 2023-04-01 2024-03-31 10000612 2023-03-31 10000612 bus:OrdinaryShareClass1 2023-03-31 10000612 core:RetainedEarningsAccumulatedLosses 2023-03-31 10000612 core:ShareCapital 2023-03-31 10000612 core:CurrentFinancialInstruments 2023-03-31 10000612 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 10000612 core:Non-currentFinancialInstruments 2023-03-31 10000612 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10000612

K & C Interiors Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

K & C Interiors Limited

Profit and Loss Account for the Year Ended 31 March 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

K & C Interiors Limited

(Registration number: 10000612)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Debtors

3

51,854

51,855

Creditors: Amounts falling due within one year

4

(19,163)

(19,164)

Total assets less current liabilities

 

32,691

32,691

Creditors: Amounts falling due after more than one year

4

(31,949)

(31,949)

Net assets

 

742

742

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

642

642

Shareholders' funds

 

742

742

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 29 November 2024
 

.........................................
Mr Lance Mulligan
Director

   
     
 

K & C Interiors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in Endland & Wales.

The address of its registered office is:
13 Debdale Gate
Mansfield Woodhouse
Mansfield
NG19 7NW

These financial statements were authorised for issue by the director on 29 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

K & C Interiors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Debtors

Current

2024
£

2023
£

Trade debtors

20,196

20,196

Other debtors

29,504

29,505

Prepayments

2,154

2,154

 

51,854

51,855

4

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

6

4,292

4,293

Social security and other taxes

 

4,576

4,576

Accruals

 

2,000

2,000

Income tax liability

8,295

8,295

 

19,163

19,164

Due after one year

 

Loans and borrowings

6

31,949

31,949

5

Share capital

Allotted, called up and fully paid shares

 

K & C Interiors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

         

6

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

31,949

31,949

2024
£

2023
£

Current loans and borrowings

Bank overdrafts

4,292

4,293