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KID-ETHIC LTD

Registered Number
08596428
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

KID-ETHIC LTD
Company Information
for the year from 1 August 2023 to 31 July 2024

Director

SWAN, Mark

Registered Address

83 Sutton Drove
Seaford
BN25 3NN

Registered Number

08596428 (England and Wales)
KID-ETHIC LTD
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets38,0039,725
8,0039,725
Current assets
Debtors12,05913,388
Cash at bank and on hand66,67573,182
78,73486,570
Creditors amounts falling due within one year4(21,580)(21,681)
Net current assets (liabilities)57,15464,889
Total assets less current liabilities65,15774,614
Creditors amounts falling due after one year5-(500)
Provisions for liabilities6(1,521)(1,848)
Net assets63,63672,266
Capital and reserves
Called up share capital1010
Profit and loss account63,62672,256
Shareholders' funds63,63672,266
The financial statements were approved and authorised for issue by the Director on 15 January 2025, and are signed on its behalf by:
SWAN, Mark
Director
Registered Company No. 08596428
KID-ETHIC LTD
Notes to the Financial Statements
for the year ended 31 July 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.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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 (%)
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 August 2325,82025,820
Additions810810
At 31 July 2426,63026,630
Depreciation and impairment
At 01 August 2316,09516,095
Charge for year2,5322,532
At 31 July 2418,62718,627
Net book value
At 31 July 248,0038,003
At 31 July 239,7259,725
4.Creditors: amounts due within one year

2024

2023

££
Taxation and social security3,6984,810
Other creditors15,94514,939
Accrued liabilities and deferred income1,9371,932
Total21,58021,681
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.
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts-500
Total-500
6.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)1,5211,848
Total1,5211,848
7.Related party transactions
The company has taken advantage of the exemption under FRS 102 1AC.35 whereby particulars need not be given for related party transactions concluded under normal market conditions, or transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transactions is wholly-owned by such a member.