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REGISTERED NUMBER: 08218482 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

KATE AND TOM'S LIMITED

KATE AND TOM'S LIMITED (REGISTERED NUMBER: 08218482)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3

Chartered accountants' report 6

KATE AND TOM'S LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 March 2024







DIRECTOR: Mr T M Foster





REGISTERED OFFICE: Top Floor
St Georges Place
Cheltenham
Gloucestershire
GL50 3PQ





REGISTERED NUMBER: 08218482 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

KATE AND TOM'S LIMITED (REGISTERED NUMBER: 08218482)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 453,617 279,174
Tangible assets 5 10,556 16,951
Investments 6 1 1
464,174 296,126

CURRENT ASSETS
Debtors 7 1,291,138 1,471,502
Cash at bank and in hand 1,444,969 1,728,189
2,736,107 3,199,691
CREDITORS
Amounts falling due within one year 8 2,638,595 2,794,684
NET CURRENT ASSETS 97,512 405,007
TOTAL ASSETS LESS CURRENT
LIABILITIES

561,686

701,133

PROVISIONS FOR LIABILITIES 116,043 74,031
NET ASSETS 445,643 627,102

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 445,543 627,002
445,643 627,102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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:





Mr T M Foster - Director


KATE AND TOM'S LIMITED (REGISTERED NUMBER: 08218482)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024

1. STATUTORY INFORMATION

Kate and Tom's 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

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.

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 30 (2023 - 29 ) .

KATE AND TOM'S LIMITED (REGISTERED NUMBER: 08218482)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2024

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 April 2023 901,409
Additions 339,049
At 31 March 2024 1,240,458
AMORTISATION
At 1 April 2023 622,235
Amortisation for year 164,606
At 31 March 2024 786,841
NET BOOK VALUE
At 31 March 2024 453,617
At 31 March 2023 279,174

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 62,706 83,955 146,661
Additions 489 10,707 11,196
At 31 March 2024 63,195 94,662 157,857
DEPRECIATION
At 1 April 2023 61,113 68,597 129,710
Charge for year 1,107 16,484 17,591
At 31 March 2024 62,220 85,081 147,301
NET BOOK VALUE
At 31 March 2024 975 9,581 10,556
At 31 March 2023 1,593 15,358 16,951

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

KATE AND TOM'S LIMITED (REGISTERED NUMBER: 08218482)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 71,450 306,681
Other debtors 4,350 4,450
Related party account 1,207,096 1,110,406
Directors' loan accounts - 3,272
Tax - 26,906
Prepayments 8,242 19,787
1,291,138 1,471,502

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 226,633 10,732
Trade creditors 56,084 46,171
Tax - 192,771
Social security and other taxes 17,301 18,386
VAT 97,432 168,543
Pension creditor 3,677 2,671
Client account 2,164,399 2,337,654
Credit card control account 1,403 829
Directors' loan accounts 28 -
Accrued expenses 71,638 16,927
2,638,595 2,794,684

9. LEASING AGREEMENTS
The company had total guarantees and commitments at the balance sheet date of £67,249.

10. SECURED DEBTS

The company registered a charge with Companies House in 2022. The entity entitled to the charge is HSBC UK Bank PLC. The charge contains fixed and floating charges over all assets. The floating charge also covers all the property or undertakings of the company. The charge also contains a negative pledge.

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr T M Foster
Balance outstanding at start of year 3,272 (100 )
Amounts advanced 258,000 3,372
Amounts repaid (261,300 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (28 ) 3,272

During the year, the director loaned the company £240,000 and received interest of £18,000.

12. RELATED PARTY DISCLOSURES

The Big Cottage Company Limited.

A subsidiary of Kate & Toms Limited

The amount due from the related party on the balance sheet date was £1,207,096 (2023: £1,110,406)

The loan does not attract interest and has no repayment terms.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
KATE AND TOM'S LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kate and Tom's Limited for the year ended 31 March 2024 which comprise the Income statement, Balance sheet, Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Kate and Tom's Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kate and Tom's Limited and state those matters that we have agreed to state to the director of Kate and Tom's Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kate and Tom's Limited and its director for our work or for this report.

It is your duty to ensure that Kate and Tom's Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kate and Tom's Limited. You consider that Kate and Tom's Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kate and Tom's Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX


Date: .............................................