Company Registration No. 10545780 (England and Wales)
K AND K SOLICITORS LIMITED
ANNUAL REPORT AND UNAUDITED ACCOUNTS
for the year ended 31 January 2024
K AND K SOLICITORS LIMITED
Statement of financial position
as at 31 January 2024
Tangible assets
200,206
202,772
Cash at bank and in hand
1,040
55,472
Creditors: amounts falling due within one year
(865,424)
(1,494,474)
Net current liabilities
(39,744)
(5,131)
Total assets less current liabilities
160,462
197,641
Creditors: amounts falling due after more than one year
(125,871)
(164,575)
Called up share capital
1
1
Profit and loss account
34,590
33,065
Shareholders' funds
34,591
33,066
For the year ending 31 January 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2024 and were signed on its behalf by
Kiranjit Singh Phull
Director
Company Registration No. 10545780
K AND K SOLICITORS LIMITED
Notes to the Accounts
for the year ended 31 January 2024
K AND K SOLICITORS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10545780. The registered office is 12 MARKET PLACE, HATFIELD, HERTFORDSHIRE, AL10 0LN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% SLM
Computer equipment
33% SLM
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
195,683
11,271
22,654
229,608
At 31 January 2024
195,683
11,271
25,644
232,598
At 1 February 2023
-
10,529
16,307
26,836
Charge for the year
-
425
5,131
5,556
At 31 January 2024
-
10,954
21,438
32,392
At 31 January 2024
195,683
317
4,206
200,206
At 31 January 2023
195,683
742
6,347
202,772
K AND K SOLICITORS LIMITED
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Accrued income and prepayments
998
586
Other debtors
793,785
1,411,743
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
33,016
24,041
Taxes and social security
39,279
89,566
Other creditors
728,952
1,310,805
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
125,871
164,575
8
Average number of employees
During the year the average number of employees was 7 (2023: 7).