KLSD C.I.C.

Company Registration Number:
09724209 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

KLSD C.I.C.

Contents of the Financial Statements

for the Period Ended 31 January 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

KLSD C.I.C.

Directors' report period ended 31 January 2024

The directors present their report with the financial statements of the company for the period ended 31 January 2024

Directors

The directors shown below have held office during the whole of the period from
1 February 2023 to 31 January 2024

P R Hewitson
K Rodgers
D Rodgers
S A Thomas


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
29 January 2025

And signed on behalf of the board by:
Name: P R Hewitson
Status: Director

KLSD C.I.C.

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 196,377 193,203
Gross profit(or loss): 196,377 193,203
Administrative expenses: ( 205,911 ) ( 192,677 )
Other operating income: 6,703 6,703
Operating profit(or loss): (2,831) 7,229
Interest payable and similar charges: ( 561 )
Profit(or loss) before tax: (3,392) 7,229
Tax: 46 ( 478 )
Profit(or loss) for the financial year: (3,346) 6,751

KLSD C.I.C.

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 68,840 81,268
Total fixed assets: 68,840 81,268
Current assets
Debtors: 4 46,662 57,987
Cash at bank and in hand: 6,142 6,228
Total current assets: 52,804 64,215
Creditors: amounts falling due within one year: 5 ( 93,391 ) ( 111,319 )
Net current assets (liabilities): (40,587) (47,104)
Total assets less current liabilities: 28,253 34,164
Creditors: amounts falling due after more than one year: 6 ( 12,953 ) ( 15,518 )
Total net assets (liabilities): 15,300 18,646
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 15,290 18,636
Total Shareholders' funds: 15,300 18,646

The notes form part of these financial statements

KLSD C.I.C.

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 29 January 2025
and signed on behalf of the board by:

Name: K Rodgers
Status: Director

The notes form part of these financial statements

KLSD C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Long leasehold property -10% straight line Fixtures and fittings -10% straight line Equipment -33% straight line

    Other accounting policies

    Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

KLSD C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 6 9

KLSD C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2023 36,263 82,684 3,081 122,028
Additions
Disposals
Revaluations
Transfers
At 31 January 2024 36,263 82,684 3,081 122,028
Depreciation
At 1 February 2023 8,158 30,056 2,546 40,760
Charge for year 3,625 8,268 535 12,428
On disposals
Other adjustments
At 31 January 2024 11,783 38,324 3,081 53,188
Net book value
At 31 January 2024 24,480 44,360 0 68,840
At 31 January 2023 28,105 52,628 535 81,268

KLSD C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Debtors

2024 2023
£ £
Other debtors 46,662 57,987
Total 46,662 57,987

KLSD C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 3,193 3,193
Taxation and social security 1,500 5,827
Accruals and deferred income 46,056 48,896
Other creditors 42,642 53,403
Total 93,391 111,319

KLSD C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 12,953 15,518
Total 12,953 15,518

COMMUNITY INTEREST ANNUAL REPORT

KLSD C.I.C.

Company Number: 09724209 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

KLSD CIC has retained its base of Hartlepool students with tuition been offered to 300 Hartlepool students. The school has several nationalities attending its classes. Outreach in local primary and senior schools has been successfully delivered in various schools. Our pricing structure remains competitive and we can provide many classes to suit all budgets

Consultation with stakeholders

Key stakeholders parents/carers, students of the dance school. Constant feedback through face to face engagement at the studios and the use of social media groups

Directors' remuneration

Total directors remuneration in the year amounted to £34,484

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
29 January 2025

And signed on behalf of the board by:
Name: P R Hewitson
Status: Director