Company Registration No. 12132954 (England and Wales)
K9 Cuts Ltd
Unaudited accounts
for the year ended 31 August 2024
K9 Cuts Ltd
Unaudited accounts
Contents
K9 Cuts Ltd
Company Information
for the year ended 31 August 2024
Company Number
12132954 (England and Wales)
Registered Office
27 Beaverbank Road
London
SE9 2HG
England
Accountants
Embrace Accountants Ltd
37 St. Leonards Drive
Nottingham
NG8 2BB
K9 Cuts Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
3,583
8,745
Cash at bank and in hand
2,121
6,395
Creditors: amounts falling due within one year
1,206
2,507
Net current assets
7,106
13,454
Total assets less current liabilities
10,689
22,199
Creditors: amounts falling due after more than one year
(28,216)
(31,198)
Net liabilities
(17,527)
(8,999)
Called up share capital
1
1
Profit and loss account
(17,528)
(9,000)
Shareholders' funds
(17,527)
(8,999)
For the year 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 director acknowledges her 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 15 May 2025 and were signed on its behalf by
Ashley Kemp
Director
Company Registration No. 12132954
K9 Cuts Ltd
Notes to the Accounts
for the year ended 31 August 2024
K9 Cuts Ltd is a private company, limited by shares, registered in England and Wales, registration number 12132954. The registered office is 27 Beaverbank Road, London, SE9 2HG, 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.
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:
Motor vehicles
25% Straight line
Fixtures & fittings
15% Straight line
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.
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
K9 Cuts Ltd
Notes to the Accounts
for the year ended 31 August 2024
The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements.
The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and
to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, she continues to adopt the going concern basis in preparing the financial statements.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 September 2023
8,200
14,830
23,030
Disposals
(7,000)
-
(7,000)
At 31 August 2024
7,250
14,830
22,080
At 1 September 2023
6,492
7,793
14,285
Charge for the year
1,988
2,224
4,212
At 31 August 2024
8,480
10,017
18,497
At 31 August 2024
(1,230)
4,813
3,583
At 31 August 2023
1,708
7,037
8,745
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
(1,104)
(1,104)
Other creditors
(1,403)
(1,403)
Loans from directors
906
-
7
Creditors: amounts falling due after more than one year
2024
2023
8
Transactions with related parties
Included within creditors is a director's loan of £906 (2023: £nil) to Ashley Kemp, a director of the Company. The loan is unsecured, interest free and repayable on demand.
K9 Cuts Ltd
Notes to the Accounts
for the year ended 31 August 2024
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).