Company Registration No. 11994386 (England and Wales)
K 2 Foods Ltd
Unaudited accounts
for the year ended 31 May 2024
K 2 Foods Ltd
Unaudited accounts
Contents
K 2 Foods Ltd
Company Information
for the year ended 31 May 2024
Company Number
11994386 (England and Wales)
Registered Office
Old School Hot Lane
Hot Lane Industrial Estate
Stoke-On-Trent
Staffordshire
ST6 2BN
Accountants
LINKTAX
11A Snow hill
Shelton
Stoke-on-Trent
Staffordshire
ST1 4LU
K 2 Foods Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
15,221
19,026
Cash at bank and in hand
35,028
4,524
Creditors: amounts falling due within one year
(185,121)
(110,514)
Net current (liabilities)/assets
(12,416)
26,974
Total assets less current liabilities
2,805
46,000
Creditors: amounts falling due after more than one year
-
(45,604)
Called up share capital
1
1
Profit and loss account
2,804
395
Shareholders' funds
2,805
396
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 25 March 2025 and were signed on its behalf by
Kamran Arif
Director
Company Registration No. 11994386
K 2 Foods Ltd
Notes to the Accounts
for the year ended 31 May 2024
K 2 Foods Ltd is a private company, limited by shares, registered in England and Wales, registration number 11994386. The registered office is Old School Hot Lane, Hot Lane Industrial Estate, Stoke-On-Trent, Staffordshire, ST6 2BN.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Plant & machinery
20% reducing balance method
Motor vehicles
20% reducing balance method
Computer equipment
20% reducing balance method
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
K 2 Foods Ltd
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
5,230
26,137
5,816
37,183
At 31 May 2024
5,230
26,137
5,816
37,183
At 1 June 2023
2,105
13,713
2,339
18,157
Charge for the year
625
2,485
695
3,805
At 31 May 2024
2,730
16,198
3,034
21,962
At 31 May 2024
2,500
9,939
2,782
15,221
At 31 May 2023
3,125
12,424
3,477
19,026
Amounts falling due within one year
Trade debtors
120,777
99,213
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
175,324
107,495
Taxes and social security
6,568
-
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 17 (2023: 16).