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REGISTERED NUMBER: 12029423 (England and Wales)















KIMB LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024






KIMB LTD (REGISTERED NUMBER: 12029423)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KIMB LTD

COMPANY INFORMATION
for the year ended 30 June 2024







DIRECTOR: Mrs T Beesley





REGISTERED OFFICE: Unit 22 Springfield Mill,
Norman Road
Denby Dale
Huddersfield
West Yorkshire
HD8 8TH





REGISTERED NUMBER: 12029423 (England and Wales)





ACCOUNTANTS: SMH Sheards
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

KIMB LTD (REGISTERED NUMBER: 12029423)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,889 3,388

CURRENT ASSETS
Debtors 5 10,333 20,164
Cash at bank 11,473 19,630
21,806 39,794
CREDITORS
Amounts falling due within one year 6 (23,355 ) (29,914 )
NET CURRENT (LIABILITIES)/ASSETS (1,549 ) 9,880
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,340

13,268

PROVISIONS FOR LIABILITIES 7 (549 ) (671 )
NET ASSETS 791 12,597

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 790 12,596
791 12,597

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

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

The director acknowledges her 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.

KIMB LTD (REGISTERED NUMBER: 12029423)

BALANCE SHEET - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 January 2025 and were signed by:





Mrs T Beesley - Director


KIMB LTD (REGISTERED NUMBER: 12029423)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2024


1. STATUTORY INFORMATION

Kimb Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 comprises the invoiced value of service, net of value added tax, recognised on provision of the service. If the provision of services spans the financial year end, it is measured by reviewing the actual services performed against the total services to be provided and is only recognised if it can be estimated reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on cost

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors, and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event accruing after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors, and accruals, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


KIMB LTD (REGISTERED NUMBER: 12029423)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 9,485
Additions 1,174
At 30 June 2024 10,659
DEPRECIATION
At 1 July 2023 6,097
Charge for year 1,673
At 30 June 2024 7,770
NET BOOK VALUE
At 30 June 2024 2,889
At 30 June 2023 3,388

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,969 19,800
Other debtors 364 364
10,333 20,164

KIMB LTD (REGISTERED NUMBER: 12029423)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,905 1,735
Taxation and social security 3,065 16,933
Other creditors 18,385 11,246
23,355 29,914

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 549 671

Deferred
tax
£   
Balance at 1 July 2023 671
Utilised during year (122 )
Balance at 30 June 2024 549

8. RELATED PARTY DISCLOSURES

At 30th June 2024 £17,004 was owed to the director (2023 £9,942) by way of a director's loan account. The loan is interest free and repayable on demand.