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REGISTERED NUMBER: 05363543 (England and Wales)















K & K STORES LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024






K & K STORES LTD (REGISTERED NUMBER: 05363543)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


K & K STORES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr M Maisuria
Mrs MM Maisuria





REGISTERED OFFICE: 2 Churchill Court 58 Station Road
North Harrow
Harrow Middlesex
HA2 7SA





REGISTERED NUMBER: 05363543 (England and Wales)





ACCOUNTANTS: Auctus Accountants Ltd
2 Churchill Court
58 Station Road
Harrow
Middlesex
HA2 7SA

K & K STORES LTD (REGISTERED NUMBER: 05363543)

ABRIDGED BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 82,580 95,388
Tangible assets 5 20,901 25,344
103,481 120,732

CURRENT ASSETS
Stocks 58,550 48,250
Debtors 15,109 15,813
Cash at bank and in hand 51,020 45,645
124,679 109,708
CREDITORS
Amounts falling due within one year 103,041 67,529
NET CURRENT ASSETS 21,638 42,179
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,119

162,911

CREDITORS
Amounts falling due after more than one
year

117,677

151,588
NET ASSETS 7,442 11,323

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7,342 11,223
7,442 11,323

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

K & K STORES LTD (REGISTERED NUMBER: 05363543)

ABRIDGED BALANCE SHEET - continued
31 MAY 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 May 2025 and were signed on its behalf by:





Mr M Maisuria - Director


K & K STORES LTD (REGISTERED NUMBER: 05363543)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

K & K Stores 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of twenty four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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.

K & K STORES LTD (REGISTERED NUMBER: 05363543)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 267,371
AMORTISATION
At 1 June 2023 171,983
Amortisation for year 12,808
At 31 May 2024 184,791
NET BOOK VALUE

At 31 May 2024 82,580
At 31 May 2023 95,388

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 65,547
Additions 2,524
At 31 May 2024 68,071
DEPRECIATION
At 1 June 2023 40,203
Charge for year 6,967
At 31 May 2024 47,170
NET BOOK VALUE
At 31 May 2024 20,901
At 31 May 2023 25,344