Registered number
11539066
KI & CC LTD
Filleted Accounts
31 August 2024
KI & CC LTD
Registered number: 11539066
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,481 4,351
Current assets
Stocks 2,995 2,750
Cash at bank and in hand 34,827 12,231
37,822 14,981
Creditors: amounts falling due within one year 4 (70,395) (41,995)
Net current liabilities (32,573) (27,014)
Net liabilities (29,092) (22,663)
Capital and reserves
Called up share capital 2 2
Profit and loss account (29,094) (22,665)
Shareholders' funds (29,092) (22,663)
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.
K Wood
Director
Approved by the board on 28 April 2025
KI & CC LTD
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
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.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 21,270
At 31 August 2024 21,270
Depreciation
At 1 September 2023 16,919
Charge for the year 870
At 31 August 2024 17,789
Net book value
At 31 August 2024 3,481
At 31 August 2023 4,351
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 54,006 31,784
Taxation and social security costs - 990
Directors accounts 6,741 (13)
Accruals 1,500 895
VAT 8,148 8,339
70,395 41,995
5 Other information
KI & CC LTD is a private company limited by shares and incorporated in England. Its registered office is:
58 Manchester Road
Mossley
Ashton-Under-Lyne
OL5 0AA
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