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REGISTERED NUMBER: 06622782 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Kidicraft Ltd

Kidicraft Ltd (Registered number: 06622782)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kidicraft Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: R Greenwood





REGISTERED OFFICE: 3 Burwell Close
Rochdale
Lancashire
OL12 6DQ





REGISTERED NUMBER: 06622782 (England and Wales)





ACCOUNTANTS: TT Business Services Ltd
Chartered Accountants
3 Burwell Close
Rochdale
Lancashire
OL12 6DQ

Kidicraft Ltd (Registered number: 06622782)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,774 8,723

CURRENT ASSETS
Stocks 72,289 242,726
Debtors 5 69,645 99,289
Cash at bank and in hand 2,985 9,658
144,919 351,673
CREDITORS
Amounts falling due within one year 6 (170,650 ) (261,328 )
NET CURRENT (LIABILITIES)/ASSETS (25,731 ) 90,345
TOTAL ASSETS LESS CURRENT
LIABILITIES

(19,957

)

99,068

CREDITORS
Amounts falling due after more than one
year

7

(150,000

)

(262,443

)
NET LIABILITIES (169,957 ) (163,375 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (170,057 ) (163,475 )
SHAREHOLDERS' FUNDS (169,957 ) (163,375 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Kidicraft Ltd (Registered number: 06622782)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 April 2025 and were signed by:





R Greenwood - Director


Kidicraft Ltd (Registered number: 06622782)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Kidicraft Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 50% on cost and 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Kidicraft Ltd (Registered number: 06622782)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Going concern
The directors have considered the fact that at the balance sheet date the shareholders funds are showing a deficit of £169,957 (2022-£163,373). In 2023 and 2024 the company reviewed its operating strategy and made changes to reduce shipping costs and its reliance on stockholding thus reducing warehouse costs and increasing profitability. Forecasts and cash flows which cover the next 12 months indicate that the Company has sufficient funding availability fo this period. Hence, the director has a reasonable expectation that the Company has adequate resources to continue trading for the foreseeable future, accordingly they continue to adopt the going concern basis of accounting in preparing the annual statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 37,985
Additions 1,551
At 31 December 2023 39,536
DEPRECIATION
At 1 January 2023 29,262
Charge for year 4,500
At 31 December 2023 33,762
NET BOOK VALUE
At 31 December 2023 5,774
At 31 December 2022 8,723

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 21,550 27,195
Amounts owed by associates 1,462 1,462
Other debtors 46,633 70,632
69,645 99,289

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 80,535 108,819
Trade creditors 18,398 70,392
Taxation and social security 49,510 46,955
Other creditors 22,207 35,162
170,650 261,328

Kidicraft Ltd (Registered number: 06622782)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 62,443
Other creditors 150,000 200,000
150,000 262,443

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Invoice Discounting 2,851 36,970

Invoice advances are secured against the trade debtors to which they relate.

9. ULTIMATE CONTROLLING PARTY

The controlling party is R Greenwood.