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KITSON HOUSE LIMITED

Registered Number
13134537
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

KITSON HOUSE LIMITED
Company Information
for the year from 1 August 2023 to 31 July 2024

Director

GREENWOOD, James Matthew

Registered Address

Kitson House
Jumps Road
Todmorden
OL14 8HL

Registered Number

13134537 (England and Wales)
KITSON HOUSE LIMITED
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets33,933-
3,933-
Current assets
Debtors4344,213833,451
Cash at bank and on hand13,3667,551
357,579841,002
Creditors amounts falling due within one year5(22,570)(93,403)
Net current assets (liabilities)335,009747,599
Total assets less current liabilities338,942747,599
Creditors amounts falling due after one year6(235,000)(685,557)
Net assets103,94262,042
Capital and reserves
Called up share capital1,0001,000
Profit and loss account102,94261,042
Shareholders' funds103,94262,042
The financial statements were approved and authorised for issue by the Director on 12 February 2025, and are signed on its behalf by:
GREENWOOD, James Matthew
Director
Registered Company No. 13134537
KITSON HOUSE LIMITED
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Plant and machinery5
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
Additions4,0004,000
At 31 July 244,0004,000
Depreciation and impairment
Charge for year6767
At 31 July 246767
Net book value
At 31 July 243,9333,933
At 31 July 23--
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables250830,479
Amounts owed by associates and joint ventures / participating interests338,491-
Other debtors2,661296
Prepayments and accrued income2,8112,676
Total344,213833,451
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables13,8421,001
Bank borrowings and overdrafts1,327561
Amounts owed to related parties-86,425
Taxation and social security5,9013,416
Accrued liabilities and deferred income1,5002,000
Total22,57093,403
6.Creditors: amounts due after one year

2024

2023

££
Other creditors235,000685,557
Total235,000685,557
7.Directors advances, credits and guarantees
At the end of the year the company had an amount payable to the director of £1,300 (2023: £561). This is disclosed in creditor amounts owed to bank borrowings and overdrafts.
8.Share capital
Share capital of £1,000 (2023: £1,000) is allotted, called up and fully paid.