Registered number
08910175
KR Ceiling Ltd
Filleted Accounts
28 February 2025
KR Ceiling Ltd
Registered number: 08910175
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 1,781 425
Current assets
Stocks 181,192 106,570
Debtors 4 111,395 127,008
Cash at bank and in hand 420,964 375,990
713,551 609,568
Creditors: amounts falling due within one year 5 (115,004) (131,042)
Net current assets 598,547 478,526
Total assets less current liabilities 600,328 478,951
Provisions for liabilities (339) (81)
Net assets 599,989 478,870
Capital and reserves
Called up share capital 100 100
Profit and loss account 599,889 478,770
Shareholders' funds 599,989 478,870
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.
Piotr Krol
Director
Approved by the board on 24 March 2025
KR Ceiling Ltd
Notes to the Accounts
for the year ended 28 February 2025
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.
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 over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), 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 recognised at transaction price net of any transaction costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Current and deferred tax liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2024 2,084
Additions 1,582
At 28 February 2025 3,666
Depreciation
At 1 March 2024 1,659
Charge for the year 226
At 28 February 2025 1,885
Net book value
At 28 February 2025 1,781
At 29 February 2024 425
4 Debtors 2025 2024
£ £
Trade debtors 111,395 126,849
Accrued revenue and repayable VAT - 159
111,395 127,008
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 4,734 43,422
Taxation and social security costs 94,521 68,770
Other creditors, loans from directors 15,749 18,850
115,004 131,042
6 Other information
KR Ceiling Ltd is a private company limited by shares and incorporated in England. Its registered office is:
37 Alton Gardens
Twickenham
Middx
TW2 7PD
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