Registered number
10244892
Kit Radar Limited
Unaudited Filleted Accounts
30 June 2024
Kit Radar Limited
Registered number: 10244892
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Current assets
Stocks 739 739
Cash at bank and in hand 299 24
1,038 763
Creditors: amounts falling due within one year 3 (11,176) (6,150)
Net current liabilities (10,138) (5,387)
Total assets less current liabilities (10,138) (5,387)
Creditors: amounts falling due after more than one year 4 (11,139) (15,007)
Net liabilities (21,277) (20,394)
Capital and reserves
Called up share capital 99 99
Share premium 144,956 144,956
Profit and loss account (166,332) (165,449)
Shareholders' funds (21,277) (20,394)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Bryan Craig Roberts
Director
Approved by the board on 11 March 2025
Kit Radar Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Going Concern
The company has net liabilities and is therefore dependent upon the continuing support of its creditors and directors. On the basis that this support is expected to continue, the accounts have been drawn up on the going concern basis.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4 4
Taxation and social security costs (1,843) (1,843)
Other creditors 13,015 7,989
11,176 6,150
4 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 11,139 15,007
5 Other information
Kit Radar Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 31 Wheatley Business Centre
Wheatley
Oxford
OX33 1XW
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