2023-06-01 2024-05-31 false Capium Accounts Production 1.1 10179246 2023-06-01 2024-05-31 10179246 bus:FullAccounts 2023-06-01 2024-05-31 10179246 bus:FRS102 2023-06-01 2024-05-31 10179246 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 10179246 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10179246 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10179246 2023-06-01 2024-05-31 10179246 2024-05-31 10179246 bus:RegisteredOffice 2023-06-01 2024-05-31 10179246 core:WithinOneYear 2024-05-31 10179246 core:AfterOneYear 2024-05-31 10179246 1 2023-06-01 2024-05-31 10179246 bus:Director1 2023-06-01 2024-05-31 10179246 bus:Director1 2024-05-31 10179246 bus:Director1 2022-06-01 2023-05-31 10179246 2022-06-01 10179246 bus:LeadAgentIfApplicable 2023-06-01 2024-05-31 10179246 2022-06-01 2023-05-31 10179246 2023-05-31 10179246 core:WithinOneYear 2023-05-31 10179246 core:AfterOneYear 2023-05-31 10179246 bus:EntityAccountantsOrAuditors 2022-06-01 2023-05-31 10179246 core:FurnitureFittings 2023-06-01 2024-05-31 10179246 core:FurnitureFittings 2024-05-31 10179246 core:FurnitureFittings 2023-05-31 10179246 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-05-31 10179246 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-05-31 10179246 core:CostValuation core:Non-currentFinancialInstruments 2024-05-31 10179246 core:CostValuation core:Non-currentFinancialInstruments 2023-05-31 10179246 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-05-31 10179246 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-05-31 10179246 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-05-31 10179246 core:Non-currentFinancialInstruments 2024-05-31 10179246 core:Non-currentFinancialInstruments 2023-05-31 10179246 core:ShareCapital 2024-05-31 10179246 core:ShareCapital 2023-05-31 10179246 core:RetainedEarningsAccumulatedLosses 2024-05-31 10179246 core:RetainedEarningsAccumulatedLosses 2023-05-31 10179246 dpl:Item1 2023-06-01 10179246 dpl:Item1 2024-05-31 10179246 dpl:Item1 2022-06-01 10179246 dpl:Item1 2023-05-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 10179246


 

 

 

KIA TRADING LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 2,479    3,024 
2,479    3,024 
Current assets      
Stocks 4 70,975    67,975 
Debtors 5 4,583   
Cash at bank and in hand 50,201    19,162 
125,759    87,137 
Creditors: amount falling due within one year 6 (33,184)   (35,067)
Net current assets 92,575    52,070 
 
Total assets less current liabilities 95,054    55,094 
Creditors: amount falling due after more than one year 7 (33,868)   (39,182)
Provisions for liabilities 8   (65)
Net assets 61,186    15,847 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 61,185    15,846 
Shareholders' funds 61,186    15,847 
 


For the 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.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 26 February 2025 and were signed by:


-------------------------------
Mrs Shazia MIRZA,
Director
1
General Information
KIA TRADING LIMITED is a private company, limited by shares, registered in , registration number 10179246, registration address 78 KINGSLAND HIGH STREET, HACKNEY LONDON, E8 2NS.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognized in the statement of income, except to the extent that it relates to items recognized in other comprehensive income or directly in capital and reserves. The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 18% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 6 (2023 : 6).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 01 June 2023 10,000    10,000 
Additions  
Disposals  
At 31 May 2024 10,000    10,000 
Depreciation
At 01 June 2023 6,976    6,976 
Charge for year 545    545 
On disposals  
At 31 May 2024 7,521    7,521 
Net book values
Closing balance as at 31 May 2024 2,479    2,479 
Opening balance as at 01 June 2023 3,024    3,024 


4.

Stocks

2024
£
  2023
£
Stocks 70,975    67,975 
70,975    67,975 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Other Debtors 4,583   
4,583   

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 5,484    13,109 
Corporation Tax 16,107    4,956 
PAYE & Social Security 10,107    9,264 
Accrued Expenses 1,078    2,456 
Other Creditors   5,000 
VAT 408    282 
33,184    35,067 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts (secured) 33,868    39,182 
33,868    39,182 

8.

Provisions for liabilities

2024
£
  2023
£
Pension Provisions   65 
  65 

2