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REGISTERED NUMBER: 03387438 (England and Wales)





























Unaudited Financial Statements for the Year Ended 30 September 2024

for

K.K. Toiletries Limited

K.K. Toiletries Limited (Registered number: 03387438)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K.K. Toiletries Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr Kenneth Derek Brownless
Ms Sharon Elizabeth Hindle





REGISTERED OFFICE: Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY





REGISTERED NUMBER: 03387438 (England and Wales)





ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY

K.K. Toiletries Limited (Registered number: 03387438)

Balance Sheet
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 185,099 125,206

CURRENT ASSETS
Stocks 5 324,765 289,958
Debtors 6 212,820 190,043
Cash at bank 179,380 162,782
716,965 642,783
CREDITORS
Amounts falling due within one year 7 (153,568 ) (127,859 )
NET CURRENT ASSETS 563,397 514,924
TOTAL ASSETS LESS CURRENT
LIABILITIES

748,496

640,130

CREDITORS
Amounts falling due after more than one
year

8

(13,019

)

-

PROVISIONS FOR LIABILITIES 10 (27,818 ) (23,555 )
NET ASSETS 707,659 616,575

CAPITAL AND RESERVES
Called up share capital 11 1,110 1,110
Share premium 12 49,890 49,890
Retained earnings 12 656,659 565,575
SHAREHOLDERS' FUNDS 707,659 616,575

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

K.K. Toiletries Limited (Registered number: 03387438)

Balance Sheet - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





Ms Sharon Elizabeth Hindle - Director


K.K. Toiletries Limited (Registered number: 03387438)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

K.K. Toiletries Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sales of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Leasehold improvements - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

K.K. Toiletries Limited (Registered number: 03387438)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and Motor
improvements machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 October 2023 168,589 478,140 31,746 - 678,475
Additions - - 3,766 88,625 92,391
At 30 September 2024 168,589 478,140 35,512 88,625 770,866
DEPRECIATION
At 1 October 2023 129,263 399,536 24,470 - 553,269
Charge for year 16,859 11,144 1,333 3,162 32,498
At 30 September 2024 146,122 410,680 25,803 3,162 585,767
NET BOOK VALUE
At 30 September 2024 22,467 67,460 9,709 85,463 185,099
At 30 September 2023 39,326 78,604 7,276 - 125,206

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 62,491
At 30 September 2024 62,491
DEPRECIATION
Charge for year 2,083
At 30 September 2024 2,083
NET BOOK VALUE
At 30 September 2024 60,408

K.K. Toiletries Limited (Registered number: 03387438)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. STOCKS
2024 2023
£    £   
Stocks 324,765 289,958

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 201,533 184,317
Prepayments 11,287 5,726
212,820 190,043

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 15,623 -
Trade creditors 28,758 5,570
Tax 77,998 70,758
Social security and other taxes 23,802 45,407
Other creditors 1,261 1,488
Accrued expenses 6,126 4,636
153,568 127,859

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 13,019 -

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 15,623 -
Between one and five years 13,019 -
28,642 -

Non-cancellable operating leases
2024 2023
£    £   
Within one year 32,213 20,000
Between one and five years 33,320 35,000
65,533 55,000

K.K. Toiletries Limited (Registered number: 03387438)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 27,818 23,555

Deferred
tax
£   
Balance at 1 October 2023 23,555
Provided during year 4,263
Balance at 30 September 2024 27,818

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary A 1 1,000 1,000
110 Ordinary B 1 110 110
1,110 1,110

12. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 October 2023 565,575 49,890 615,465
Profit for the year 216,084 216,084
Dividends (125,000 ) (125,000 )
At 30 September 2024 656,659 49,890 706,549

13. ULTIMATE CONTROLLING PARTY

The ultimate parent company is KK Toiletries Holdings Limited, a company registered in England and Wales. The company is ultimately controlled by the directors of KK Toiletries Holdings Limited by virtue of them holding a beneficial interest in the issued share capital of the ultimate parent company.