Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3112023-04-01false1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07169522 2023-04-01 2024-03-31 07169522 2022-04-01 2023-03-31 07169522 2024-03-31 07169522 2023-03-31 07169522 c:Director1 2023-04-01 2024-03-31 07169522 d:OfficeEquipment 2023-04-01 2024-03-31 07169522 d:OfficeEquipment 2024-03-31 07169522 d:OfficeEquipment 2023-03-31 07169522 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07169522 d:CurrentFinancialInstruments 2024-03-31 07169522 d:CurrentFinancialInstruments 2023-03-31 07169522 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07169522 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07169522 d:ShareCapital 2024-03-31 07169522 d:ShareCapital 2023-03-31 07169522 d:RetainedEarningsAccumulatedLosses 2024-03-31 07169522 d:RetainedEarningsAccumulatedLosses 2023-03-31 07169522 c:OrdinaryShareClass1 2023-04-01 2024-03-31 07169522 c:OrdinaryShareClass1 2024-03-31 07169522 c:OrdinaryShareClass1 2023-03-31 07169522 c:FRS102 2023-04-01 2024-03-31 07169522 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07169522 c:FullAccounts 2023-04-01 2024-03-31 07169522 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07169522 2 2023-04-01 2024-03-31 07169522 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 07169522 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 07169522 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07169522














K N TOURING LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
K N TOURING LIMITED
REGISTERED NUMBER:07169522

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,023
916

  
2,023
916

Current assets
  

Debtors: amounts falling due within one year
 5 
123,024
1,428

Cash at bank and in hand
 6 
33,398
18,338

  
156,422
19,766

Creditors: amounts falling due within one year
 7 
(301,639)
(171,858)

Net current liabilities
  
 
 
(145,217)
 
 
(152,092)

Total assets less current liabilities
  
(143,194)
(151,176)

Provisions for liabilities
  

Deferred tax
 8 
(506)
(229)

  
 
 
(506)
 
 
(229)

Net liabilities
  
(143,700)
(151,405)


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
(143,701)
(151,406)

  
(143,700)
(151,405)


Page 1

 
K N TOURING LIMITED
REGISTERED NUMBER:07169522
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




K M Nash
Director

Date: 23 December 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
K N TOURING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

K N Touring Limited is a private company, limited by shares, registered in England and Wales, registration number 07169522. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE. 
The principal activity of the company continued to be that of music touring.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of the FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006.

 
2.2

 Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each year end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash are presented in the profit and loss account within 'administration expenses'. All other foreign exchange gains and losses are presented in profit or loss.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 
Turnover from music touring is recognised when it is probable the company will receive the rights to the consideration due under the contract.
Income from performances are recognised once the performances have taken place.
Merchandise income is recognised when the significant risks and rewards of ownership have been transferred to the buyer.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
K N TOURING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment.

Page 4

 
K N TOURING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

 Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.10

 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, trade and other creditors, and loans with related parties.


3.


Employees

The average monthly number of employees, including the director, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Office equipment

£



Cost


At 1 April 2023
3,046


Additions
1,791



At 31 March 2024

4,837



Depreciation


At 1 April 2023
2,130


Charge for the year
684



At 31 March 2024

2,814



Net book value



At 31 March 2024
2,023



At 31 March 2023
916

Page 5

 
K N TOURING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
122,363
-

Other debtors
-
639

Prepayments
661
789

123,024
1,428



6.


Cash

2024
2023
£
£

Cash at bank and in hand
33,398
18,338



7.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
606
3,565

Other taxation and social security
15,010
-

Other creditors
177,909
164,688

Accruals and deferred income
108,114
3,605

301,639
171,858



8.


Deferred taxation




2024


£






At beginning of year
(229)


Charged to profit or loss
(277)



At end of year
(506)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(506)
(229)

Page 6

 
K N TOURING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



10.


Transactions with the director

As at the year end, the company owed £177,911 (2023 - £164,586) to the director. The loan is unsecured, interest free and repayable on demand. 

 
Page 7