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Company Registration No. 15074031 (England and Wales)
Kin Global Distribution Ltd Unaudited accounts for the period from 15 August 2023 to 31 August 2024
Kin Global Distribution Ltd Unaudited accounts Contents
Page
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Kin Global Distribution Ltd Company Information for the period from 15 August 2023 to 31 August 2024
Directors
Adriana Zalewska Sylwia Kotarba
Company Number
15074031 (England and Wales)
Registered Office
71-75 Shelton Street Covent Garden London WC2H 9JQ England
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Kin Global Distribution Ltd Statement of financial position as at 31 August 2024
2024 
Notes
£ 
Called up share capital not paid
100 
Current assets
Debtors
302,488 
Cash at bank and in hand
158,721 
461,209 
Creditors: amounts falling due within one year
(479,342)
Net current liabilities
(18,133)
Net liabilities
(18,033)
Capital and reserves
Called up share capital
100 
Profit and loss account
(18,133)
Shareholders' funds
(18,033)
For the period ending 31 August 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 directors acknowledge their 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 of Directors and authorised for issue on 8 May 2025 and were signed on its behalf by
Adriana Zalewska Director Company Registration No. 15074031
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Kin Global Distribution Ltd Notes to the Accounts for the period from 15 August 2023 to 31 August 2024
1
Statutory information
Kin Global Distribution Ltd is a private company, limited by shares, registered in England and Wales, registration number 15074031. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Foreign exchange
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.
Going concern
The accounts have been prepared on the going concern basis, as the Director have confirmed that the company will be a going concern for the foreseeable future and have forecasts to support this.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivables are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
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Kin Global Distribution Ltd Notes to the Accounts for the period from 15 August 2023 to 31 August 2024
4
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
301,380 
Accrued income and prepayments
1,108 
302,488 
5
Creditors: amounts falling due within one year
2024 
£ 
VAT
5,222 
Trade creditors
473,072 
Other creditors
1,048 
479,342 
6
Average number of employees
During the period the average number of employees was 2.
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