Company registration number 13501819 (England and Wales)
K&K Hospitality Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 May 2024
PAGES FOR FILING WITH REGISTRAR
K&K Hospitality Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
K&K Hospitality Ltd
Statement Of Financial Position
as at 31 May 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
65,086
76,572
Current assets
Stocks
3,952
5,000
Cash at bank and in hand
835
2,974
4,787
7,974
Creditors: amounts falling due within one year
5
(80,004)
(103,849)
Net current liabilities
(75,217)
(95,875)
Net liabilities
(10,131)
(19,303)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(10,132)
(19,304)
Total equity
(10,131)
(19,303)

For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 30 January 2025
K Dawson
Director
Company registration number 13501819 (England and Wales)
K&K Hospitality Ltd
Notes to the financial statements
for the year ended 31 May 2024
- 2 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
15% reducing balance
Fixtures and fittings
15% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

K&K Hospitality Ltd
Notes to the financial statements (continued)
for the year ended 31 May 2024
- 3 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
4
Tangible fixed assets
Leasehold improvements
Fixtures and fittings
Total
£
£
£
Cost
At 1 June 2023 and 31 May 2024
42,982
49,292
92,274
Depreciation and impairment
At 1 June 2023
7,222
8,480
15,702
Depreciation charged in the year
5,364
6,122
11,486
At 31 May 2024
12,586
14,602
27,188
Carrying amount
At 31 May 2024
30,396
34,690
65,086
At 31 May 2023
35,760
40,812
76,572
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,467
2,691
Taxation and social security
2,900
1,550
Other creditors
74,137
98,108
Accruals and deferred income
1,500
1,500
80,004
103,849
6
Company information

K&K Hospitality Ltd is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.

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