Company Registration No. 08020271 (England and Wales)
Kick The Can T/A The London Essentials Limited
Unaudited accounts
for the year ended 30 September 2024
Kick The Can T/A The London Essentials Limited
Unaudited accounts
Contents
Kick The Can T/A The London Essentials Limited
Company Information
for the year ended 30 September 2024
Company Number
08020271 (England and Wales)
Registered Office
Flat
78 York Street
London
London
W1H 1DP
England
Kick The Can T/A The London Essentials Limited
Statement of financial position
as at 30 September 2024
Tangible assets
1,675
3,469
Cash at bank and in hand
899,442
571,146
Creditors: amounts falling due within one year
(552,022)
(389,505)
Net current assets
520,029
407,051
Total assets less current liabilities
521,704
410,520
Creditors: amounts falling due after more than one year
(8,211)
(19,609)
Net assets
513,493
390,911
Called up share capital
1
1
Profit and loss account
513,492
390,910
Shareholders' funds
513,493
390,911
For the year ending 30 September 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 18 March 2025 and were signed on its behalf by
Ben J A Matthews
Director
Company Registration No. 08020271
Kick The Can T/A The London Essentials Limited
Notes to the Accounts
for the year ended 30 September 2024
Kick The Can T/A The London Essentials Limited is a private company, limited by shares, registered in England and Wales, registration number 08020271. The registered office is Flat, 78 York Street, London, London, W1H 1DP, England.
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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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 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
4 Years Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Kick The Can T/A The London Essentials Limited
Notes to the Accounts
for the year ended 30 September 2024
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted. As the amounts are not considered material, deferred tax has not been recognised in the year-end accounts.
4
Intangible fixed assets
Goodwill
At 30 September 2024
60,000
At 30 September 2024
60,000
5
Tangible fixed assets
Plant & machinery
At 30 September 2024
46,919
At 30 September 2024
45,244
At 30 September 2024
1,675
At 30 September 2023
3,469
Amounts falling due within one year
Trade debtors
111,531
24,170
Accrued income and prepayments
52,922
3,430
Kick The Can T/A The London Essentials Limited
Notes to the Accounts
for the year ended 30 September 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
34,265
8,333
Trade creditors
33,619
16,332
Taxes and social security
91,737
98,646
Other creditors
(1,499)
17,335
Loans from directors
80,687
89,170
Deferred income
296,390
140,517
8
Creditors: amounts falling due after more than one year
2024
2023
9
Transactions with related parties
As at the balance sheet date, the company owed £80,687 (2023: £89,171) to Mr B. Matthews, a director. The amount is payable on demand and does not accrue interest.
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).