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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
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
200,206 
202,772 
Current assets
Inventories
29,857 
21,542 
Debtors
794,783 
1,412,329 
Cash at bank and in hand
1,040 
55,472 
825,680 
1,489,343 
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)
Net assets
34,591 
33,066 
Capital and reserves
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
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K AND K SOLICITORS LIMITED Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Additions
- 
- 
2,990 
2,990 
At 31 January 2024
195,683 
11,271 
25,644 
232,598 
Depreciation
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 
Net book value
At 31 January 2024
195,683 
317 
4,206 
200,206 
At 31 January 2023
195,683 
742 
6,347 
202,772 
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K AND K SOLICITORS LIMITED Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
998 
586 
Other debtors
793,785 
1,411,743 
794,783 
1,412,329 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
33,016 
24,041 
VAT
58,554 
65,139 
Taxes and social security
39,279 
89,566 
Other creditors
728,952 
1,310,805 
Accruals
5,623 
4,923 
865,424 
1,494,474 
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).
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