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KR SALONS LTD

Registered Number
11330851
(England and Wales)

Unaudited Financial Statements for the Period ended
31 October 2024

KR SALONS LTD
Company Information
for the period from 1 June 2023 to 31 October 2024

Directors

ATTARD, Roxane Samantha
STILWELL, Keziah Joanna

Registered Address

270 Northdown Road
Margate
CT9 2PX

Registered Number

11330851 (England and Wales)
KR SALONS LTD
Balance Sheet as at
31 October 2024

Notes

31 Oct 2024

31 May 2023

£

£

£

£

Fixed assets
Tangible assets3148,776149,527
148,776149,527
Current assets
Debtors4366-
Cash at bank and on hand1,40515,371
1,77115,371
Creditors amounts falling due within one year5(80,748)(90,171)
Net current assets (liabilities)(78,977)(74,800)
Total assets less current liabilities69,79974,727
Creditors amounts falling due after one year6(2,961)(16,573)
Net assets66,83858,154
Capital and reserves
Called up share capital102102
Profit and loss account66,73658,052
Shareholders' funds66,83858,154
The financial statements were approved and authorised for issue by the Board of Directors on 19 December 2024, and are signed on its behalf by:
ATTARD, Roxane Samantha
Director
STILWELL, Keziah Joanna
Director

Registered Company No. 11330851
KR SALONS LTD
Notes to the Financial Statements
for the period ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from sale of goods
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery25-
Fixtures and fittings-5
Office Equipment-5
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Land & buildings

Plant & machinery

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 June 23148,5003703,805865153,540
At 31 October 24148,5003703,805865153,540
Depreciation and impairment
At 01 June 23-1043,2876224,013
Charge for year-87519145751
At 31 October 24-1913,8067674,764
Net book value
At 31 October 24148,500179(1)98148,776
At 31 May 23148,500266518243149,527
4.Debtors: amounts due within one year

2024

2023

££
Other debtors366-
Total366-
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-1,145
Bank borrowings and overdrafts22,29423,098
Amounts owed to related parties54,77550,326
Taxation and social security2,20414,542
Accrued liabilities and deferred income1,4751,060
Total80,74890,171
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts2,96116,573
Total2,96116,573
Long term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
ATTARD, Roxane Samantha(18,847)16,05817,783(20,572)
STILWELL, Keziah Joanna(18,847)16,35818,699(21,188)
(37,694)32,41636,482(41,760)
Loans between the business and directors are interest free and repayable on demand