Kutner Limited |
Registered number: |
06269071 |
Balance Sheet |
as at 30 June 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
340,790 |
|
|
340,810 |
|
Current assets |
Debtors |
4 |
|
2,131 |
|
|
927 |
Cash at bank and in hand |
|
|
109 |
|
|
852 |
|
|
|
2,240 |
|
|
1,779 |
|
Creditors: amounts falling due within one year |
5 |
|
(256,954) |
|
|
(250,170) |
|
Net current liabilities |
|
|
|
(254,714) |
|
|
(248,391) |
|
Total assets less current liabilities |
|
|
|
86,076 |
|
|
92,419 |
|
Creditors: amounts falling due after more than one year |
6 |
|
|
(79,266) |
|
|
(87,459) |
|
|
|
Net assets |
|
|
|
6,810 |
|
|
4,960 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
4 |
|
|
4 |
Profit and loss account |
|
|
|
6,806 |
|
|
4,956 |
|
Shareholders' funds |
|
|
|
6,810 |
|
|
4,960 |
|
|
|
|
|
|
|
|
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. |
|
|
|
|
Miss S A Kutner |
Director |
Approved by the board on 28 March 2025 |
|
Kutner 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. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
25% on reducing balance |
|
Land and buildings |
Nil |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
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. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
|
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 July 2023 |
340,731 |
|
6,868 |
|
347,599 |
|
At 30 June 2024 |
340,731 |
|
6,868 |
|
347,599 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2023 |
- |
|
6,789 |
|
6,789 |
|
Charge for the year |
- |
|
20 |
|
20 |
|
At 30 June 2024 |
- |
|
6,809 |
|
6,809 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2024 |
340,731 |
|
59 |
|
340,790 |
|
At 30 June 2023 |
340,731 |
|
79 |
|
340,810 |
|
|
4 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Trade debtors |
1,615 |
|
414 |
|
Prepayments |
|
|
|
|
516 |
|
513 |
|
|
|
|
|
|
2,131 |
|
927 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Bank loans and overdrafts |
15,362 |
|
15,362 |
|
Trade creditors |
864 |
|
408 |
|
Associated company loans |
|
900 |
|
- |
|
Taxation and social security costs |
439 |
|
115 |
|
Directors account |
238,549 |
|
233,445 |
|
Accruals |
840 |
|
840 |
|
|
|
|
|
|
256,954 |
|
250,170 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
£ |
£ |
|
|
Bank loans |
79,266 |
|
87,459 |
|
|
|
|
|
|
|
|
|
|
7 |
Loans |
2024 |
|
2023 |
£ |
£ |
|
Creditors include: |
|
|
Secured bank loans |
94,628 |
|
102,821 |
|
|
|
|
|
|
|
|
|
|
Bank loans are secured by way of legal mortgage and charge over the freehold property held by the company. |
|
|
8 |
Related party transactions |
|
|
As at 30 June 2024 the directors had loaned the company £238,549 and this is included in the creditors falling due within one year. The loan is made interest free and there is no set repayment date, although the directors will not seek repayment until there are sufficient funds in the business to do so. As at 30 June 2024 the company had been loaned £900 (2023 £0) by Benjama Ltd, a business in which H B Kutner and S A Kutner jointly hold 100% of the shares in. This is included in creditors "associated company loans". There is no set repayment date for these loans. |
|
|
9 |
Controlling party |
|
|
The company is controlled by its directors, Mr H N Kutner, Mrs S M Kutner, Mr H B Kutner and Mrs S A Kutner by virtue of their ownership of the entire ordinary share capital in the company. |
|
|
10 |
Other information |
|
|
Kutner Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
White Lodge |
|
Hammers Lane |
|
London |
|
NW7 4DY |