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REGISTERED NUMBER: 08534892 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

KIR SPECIALISTS LTD

KIR SPECIALISTS LTD (REGISTERED NUMBER: 08534892)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KIR SPECIALISTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







Director: Mr K J S Clarke





Registered office: 10 Stadium Business Court Millennium Way
Pride Park
Derby
Derbyshire
DE24 8HP





Registered number: 08534892 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
10 Stadium Business Court
Millennium Way
Pride Park
Derby
DE24 8HP

KIR SPECIALISTS LTD (REGISTERED NUMBER: 08534892)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £ £
Fixed assets
Tangible assets 4 86,469 68,392

Current assets
Debtors 5 23,327 16
Cash at bank 4,818 97,030
28,145 97,046
Creditors
Amounts falling due within one year 6 (85,912 ) (78,468 )
Net current (liabilities)/assets (57,767 ) 18,578
Total assets less current liabilities 28,702 86,970

Creditors
Amounts falling due after more than one
year

7

(7,272

)

(21,228

)
Net assets 21,430 65,742

Capital and reserves
Called up share capital 9 1 1
Retained earnings 21,429 65,741
Shareholders' funds 21,430 65,742

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 February 2025 and were signed by:





Mr K J S Clarke - Director


KIR SPECIALISTS LTD (REGISTERED NUMBER: 08534892)

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

1. STATUTORY INFORMATION

KIR Specialists Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 15% on reducing balance
Equipment - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

KIR SPECIALISTS LTD (REGISTERED NUMBER: 08534892)

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

4. TANGIBLE FIXED ASSETS
Motor
vehicles Equipment Totals
£ £ £
Cost
At 1 June 2023 46,200 88,903 135,103
Additions - 44,285 44,285
Disposals - (48,768 ) (48,768 )
At 31 May 2024 46,200 84,420 130,620
Depreciation
At 1 June 2023 17,828 48,883 66,711
Charge for year 4,256 6,404 10,660
Eliminated on disposal - (33,220 ) (33,220 )
At 31 May 2024 22,084 22,067 44,151
Net book value
At 31 May 2024 24,116 62,353 86,469
At 31 May 2023 28,372 40,020 68,392

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 9,243 -
Other debtors 3,516 16
Tax 8,998 -
Prepayments 1,570 -
23,327 16

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts (see note 8) 6,760 6,760
Hire purchase contracts 7,708 11,548
VAT 5,214 6,027
Accruals and deferred income 12,200 12,200
Directors' current accounts 54,030 41,933
85,912 78,468

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans (see note 8) 7,272 13,520
Hire purchase contracts - 7,708
7,272 21,228

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£ £
Amounts falling due within one year or on demand:
Bank loans 6,760 6,760

KIR SPECIALISTS LTD (REGISTERED NUMBER: 08534892)

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

8. LOANS - continued
2024 2023
£ £
Amounts falling due between one and two years:
Bank loans - 1-2 years 6,760 6,760

Amounts falling due between two and five years:
Bank loans - 2-5 years 512 6,760

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1 Ordinary £1 1 1