2023-05-01 06552861 2024-04-30 06552861 2023-05-01 2024-04-30 06552861 2023-04-30 06552861 2022-05-01 2023-04-30 06552861 uk-core:WithinOneYear 2023-04-30 06552861 uk-core:WithinOneYear 2024-04-30 06552861 uk-core:AfterOneYear 2023-04-30 06552861 uk-core:AfterOneYear 2024-04-30 06552861 uk-core:ShareCapital 2024-04-30 06552861 uk-core:ShareCapital 2023-04-30 06552861 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 06552861 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 06552861 uk-bus:Director1 2023-05-01 2024-04-30 06552861 uk-core:PlantMachinery 2023-05-01 2024-04-30 06552861 uk-core:FurnitureFittings 2023-05-01 2024-04-30 06552861 uk-core:FurnitureFittings 2023-04-30 06552861 uk-core:PlantMachinery 2023-04-30 06552861 uk-core:PlantMachinery 2024-04-30 06552861 uk-core:FurnitureFittings 2024-04-30 06552861 uk-core:WithinOneYear 2024-04-30 06552861 uk-core:WithinOneYear 2023-04-30 06552861 uk-core:AfterOneYear uk-core:Secured 2024-04-30 06552861 uk-core:AfterOneYear uk-core:Secured 2023-04-30 iso4217:GBP xbrli:pure 06552861 uk-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 06552861 uk-bus:FRS102 2023-05-01 2024-04-30 06552861 uk-bus:FilletedAccounts 2023-05-01 2024-04-30 06552861 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30
Kinishi Limited
Registered Number:06552861
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2024
Kinishi Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
06552861
As at 30 April 2024
Kinishi Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
65,044
82,376
2
65,044
82,376
Current assets
Inventories
26,073
27,419
3
Trade and other receivables
7,417
39,786
4
50,935
Cash and cash equivalents
58,889
126,094
84,425
Trade and other payables: amounts falling due within one
year
(124,864)
(50,790)
5
(40,439)
75,304
Net current assets
Total assets less current liabilities
140,348
41,937
Trade and other payables: amounts falling due after more
than one year
(70,073)
(34,278)
6
106,070
Net assets/liabilities
(28,136)
Capital and reserves
Called up share capital
2
2
Retained earnings
106,068
(28,138)
106,070
(28,136)
Shareholders' funds
For the year ended 30 April 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 of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Adrian B Goldstone Director
These financial statements were approved and authorised for issue by the Board on 20 September 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 April 2024
Kinishi Limited
Notes to the Financial Statements
Statutory Information
Kinishi Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
06552861.
Registered address:
The Sharp Project
Thorp Road
Manchester
M405BJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Research and development
Research and development expenditure is charged to the profit and loss account in the period in which it is incurred.
Property, plant and equipment
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:
Plant and machinery
100 Straight line
100 Straight line
Fixtures and fittings
Inventories
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.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 30 April 2024
Kinishi Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Plant and
machinery
£
£
£
Cost or
valuation
At 01 May 2023
129,486
18,634
110,852
2,703
2,703
-
Additions
At 30 April 2024
110,852
21,337
132,189
Provision for depreciation and impairment
At 01 May 2023
47,110
11,936
35,174
Charge for year
20,035
1,754
18,281
At 30 April 2024
67,145
13,690
53,455
At 30 April 2024
Net book value
57,397
7,647
65,044
At 30 April 2023
75,678
6,698
82,376
3. Inventories
2023
2024
£
£
Stocks
27,419
26,073
4. Trade and other receivables
2023
2024
£
£
Trade debtors
38,966
-
Other debtors
820
7,417
7,417
39,786
The debtors above include the following amounts falling due after more than one year:
Trade debtors
38,966
-
Other debtors
630
630
39,596
630
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6
For the year ended 30 April 2024
Kinishi Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
10,000
10,000
Trade creditors
3,069
29,415
Taxation and social security
36,971
20,792
Other creditors
750
64,657
50,790
124,864
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
18,851
31,541
Other creditors
15,427
38,532
34,278
70,073
7. Average number of persons employed
During the year the average number of employees was 4 (2023 : 4)
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