Registered number
09327115
A Kitching and Sons Ltd
Unaudited Filleted Accounts
30 November 2024
A Kitching and Sons Ltd
Registered number: 09327115
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 19,700 20,887
Current assets
Stocks 1,500 1,500
Debtors 4 50,335 35,279
Cash at bank and in hand 6,270 8,192
58,105 44,971
Creditors: amounts falling due within one year 5 (17,602) (24,791)
Net current assets 40,503 20,180
Total assets less current liabilities 60,203 41,067
Provisions for liabilities (3,624) (3,279)
Net assets 56,579 37,788
Capital and reserves
Called up share capital 10 10
Profit and loss account 56,569 37,778
Shareholders' funds 56,579 37,788
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.
P Kitching
Director
Approved by the board on 21 May 2025
A Kitching and Sons Ltd
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2023 22,920 62,194 85,114
Additions 4,854 - 4,854
Disposals (3,000) - (3,000)
At 30 November 2024 24,774 62,194 86,968
Depreciation
At 1 December 2023 16,216 48,011 64,227
Charge for the year 1,678 3,546 5,224
On disposals (2,183) - (2,183)
At 30 November 2024 15,711 51,557 67,268
Net book value
At 30 November 2024 9,063 10,637 19,700
At 30 November 2023 6,704 14,183 20,887
4 Debtors 2024 2023
£ £
Prepayments 1,894 1,805
Director's Current Accounts 46,535 32,949
Other debtors 1,906 525
50,335 35,279
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 80 13,963
Accruals 847 752
Taxation and social security costs 16,675 10,076
17,602 24,791
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Paul Kitching
[Loan 1] 8,791 - (8,791) -
[Loan 2] - 22,404 - 22,404
Peter Kitching
[Loan 1] 24,158 - (24,158) -
[Loan 2] - 37,370 (13,239) 24,131
32,949 59,774 (46,188) 46,535
7 Other information
A Kitching and Sons Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Pondarosa
Kirkby Malzeard
Ripon
HG4 3SD
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