1 June 2023 false No description of principal activity Taxfiler 2024.6 11945745business:PrivateLimitedCompanyLtd2023-06-012024-05-31 119457452023-05-31 119457452023-06-012024-05-31 11945745business:AuditExempt-NoAccountantsReport2023-06-012024-05-31 11945745business:FilletedAccounts2023-06-012024-05-31 119457452024-05-31 11945745business:Director12023-06-012024-05-31 11945745business:RegisteredOffice2023-06-012024-05-31 119457452023-05-31 11945745core:WithinOneYear2024-05-31 11945745core:WithinOneYear2023-05-31 11945745core:AfterOneYear2024-05-31 11945745core:AfterOneYear2023-05-31 11945745core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 11945745core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 11945745core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 11945745core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 11945745core:PreviouslyStatedAmount2024-05-31 11945745core:PreviouslyStatedAmount2023-05-31 11945745business:SmallEntities2023-06-012024-05-31 11945745countries:EnglandWales2023-06-012024-05-31 11945745core:FurnitureFittings2023-06-012024-05-31 11945745core:FurnitureFittings2023-05-31 11945745core:FurnitureFittings2024-05-31 119457452022-06-012023-05-31 iso4217:GBP xbrli:pure
Company Registration No. 11945745 (England and Wales)
K2 RECORDS LIMITED Unaudited accounts for the year ended 31 May 2024
K2 RECORDS LIMITED Unaudited accounts Contents
Page
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K2 RECORDS LIMITED Company Information for the year ended 31 May 2024
Director
Jasbeer KAUR
Company Number
11945745 (England and Wales)
Registered Office
GROSVENOR HOUSE 11 ST. PAUL'S SQUARE GROSVENOR HOUSE BIRMINGHAM B3 1RB UNITED KINGDOM
Accountants
MJS BUSINESS MANAGEMENT SERVICES LTD 51 HEATHER ROAD BINLEY WOODS COVENTRY CV3 2DE
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K2 RECORDS LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,720 
2,023 
Current assets
Debtors
50,220 
50,391 
Cash at bank and in hand
7,922 
15,696 
58,142 
66,087 
Creditors: amounts falling due within one year
(7,027)
(4,883)
Net current assets
51,115 
61,204 
Total assets less current liabilities
52,835 
63,227 
Creditors: amounts falling due after more than one year
(96,165)
(82,550)
Net liabilities
(43,330)
(19,323)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(43,430)
(19,423)
Shareholders' funds
(43,330)
(19,323)
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 27 February 2025 and were signed on its behalf by
Jasbeer KAUR Director Company Registration No. 11945745
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K2 RECORDS LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
K2 RECORDS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11945745. The registered office is GROSVENOR HOUSE 11 ST. PAUL'S SQUARE, GROSVENOR HOUSE, BIRMINGHAM, B3 1RB, UNITED KINGDOM.
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
15% Reducing Balance
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2023
3,500 
At 31 May 2024
3,500 
Depreciation
At 1 June 2023
1,477 
Charge for the year
303 
At 31 May 2024
1,780 
Net book value
At 31 May 2024
1,720 
At 31 May 2023
2,023 
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K2 RECORDS LIMITED Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
252 
- 
Accrued income and prepayments
45,468 
45,471 
Other debtors
4,500 
4,920 
50,220 
50,391 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,487 
5,171 
Taxes and social security
(818)
(818)
Other creditors
2,080 
- 
Loans from directors
278 
530 
7,027 
4,883 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
43,660 
47,910 
Other creditors
52,505 
34,640 
96,165 
82,550 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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