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REGISTERED NUMBER: 15003510 (England and Wales)















FINANCIAL STATEMENTS FOR THE PERIOD 14 JULY 2023 TO 31 AUGUST 2023

FOR

KIMMY'S AUTOS LIMITED

KIMMY'S AUTOS LIMITED (REGISTERED NUMBER: 15003510)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 14 JULY 2023 TO 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KIMMY'S AUTOS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 14 JULY 2023 TO 31 AUGUST 2023







DIRECTORS: R G Melton
Mrs K R Melton





REGISTERED OFFICE: 27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE





BUSINESS ADDRESS: Unit 1
Foundry Way
March
Cambridgeshire
PE15 0WR





REGISTERED NUMBER: 15003510 (England and Wales)





AUDITORS: Wheelers
Chartered Accountants, Tax Consultants
& Statutory Auditors
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

KIMMY'S AUTOS LIMITED (REGISTERED NUMBER: 15003510)

BALANCE SHEET
31 AUGUST 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 22,764

CURRENT ASSETS
Stocks 5 2,704
Debtors 6 28,066
30,770
CREDITORS
Amounts falling due within one year 7 57,771
NET CURRENT LIABILITIES (27,001 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,237

)

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (4,337 )
(4,237 )

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 Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:





R G Melton - Director


KIMMY'S AUTOS LIMITED (REGISTERED NUMBER: 15003510)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 14 JULY 2023 TO 31 AUGUST 2023

1. STATUTORY INFORMATION

Kimmy's Autos Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

At the balance sheet date the company had net liabilities of £4,237 by virtue of its total liabilities exceeding its total assets. The directors are confident that the going concern basis for the preparation of the financial statements is appropriate, and have confirmed their continuing support for the company in writing.

Material uncertainty relating to going concern
While the directors are confident that the going concern basis for the preparation of the financial statements is appropriate they also accept that the company's ability to continue is reliant on the support of Stuart Holdings Limited, the parent company.

The main trading companies within the group operate within the construction industry. Based on the most relevant information to hand at the time of approving these financial statements it was considered that there are enough economic uncertainties facing these businesses that this may cast significant doubt on Stuart Holdings Limited being able to support the company, and hence continue as a going concern. Therefore, this may mean that the company is unable to realise its assets and discharge its liabilities in the normal course of business.

The management team are experienced in navigating the industry specific challenges that are being faced and are optimistic that they can manage costs and develop the pipeline of upcoming contracts within the group moving forward.

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 - 15% on reducing balance
Motor vehicles - 20% 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 period 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.


KIMMY'S AUTOS LIMITED (REGISTERED NUMBER: 15003510)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 14 JULY 2023 TO 31 AUGUST 2023

2. ACCOUNTING POLICIES - continued
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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
Additions 12,350 10,414 22,764
At 31 August 2023 12,350 10,414 22,764
NET BOOK VALUE
At 31 August 2023 12,350 10,414 22,764

5. STOCKS
£   
Stocks 2,704

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 28,066

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed to group undertakings 57,771

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Parent company loan 57,771

The above loan is secured by a debenture in favour of Stuart Holdings Limited which contains fixed and floating charges over the assets of the company.

KIMMY'S AUTOS LIMITED (REGISTERED NUMBER: 15003510)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 14 JULY 2023 TO 31 AUGUST 2023

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Booty (Senior Statutory Auditor)
for and on behalf of Wheelers

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 August 2023:

£   
R G Melton
Balance outstanding at start of period -
Amounts advanced 24,661
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of period 24,661

During the period, interest of 2.25% per annum was charged on overdrawn director's loan account balances in excess of £10,000. The loan is repayable on demand.

11. RELATED PARTY DISCLOSURES

During the period, parent company Stuart Holdings Limited, funded the pre-trading expenses for the company as no bank account was in existence. The loan amount outstanding at the period end was £57,771. This loan was interest free and repayable on demand.

12. ULTIMATE PARENT COMPANY

Stuart Holdings Limited (incorporated in England and Wales) is regarded by the directors as being
the company's ultimate parent company.

The registered office of Stuart Holdings Limited is 27-29 Old Market, Wisbech, Cambridgeshire, England, PE13 1NE. Copies of group accounts can be obtained from Companies House.

13. LEASE AGREEMENT

A lease agreement for the property which Kimmy's Autos Limited trades from has been signed in SDM Fabrication Limited's name, a fellow group company. The lease was signed in August 2023 for a 10 year term with a break clause after 5 years.