Company Registration No. 12291718 (England and Wales)
KinchaDesigns Ltd
Unaudited accounts
for the year ended 31 October 2024
KinchaDesigns Ltd
Unaudited accounts
Contents
KinchaDesigns Ltd
Company Information
for the year ended 31 October 2024
Company Number
12291718 (England and Wales)
Registered Office
128 City Road
London
EC1V 2NX
KinchaDesigns Ltd
Statement of financial position
as at 31 October 2024
Cash at bank and in hand
112
292
Creditors: amounts falling due within one year
(2,004)
(2,546)
Net current assets
6,224
4,567
Total assets less current liabilities
6,715
4,865
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
6,522
4,765
Shareholders' funds
6,622
4,865
For the year ending 31 October 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 5 June 2025 and were signed on its behalf by
K Kvepa
Director
Company Registration No. 12291718
KinchaDesigns Ltd
Notes to the Accounts
for the year ended 31 October 2024
KinchaDesigns Ltd is a private company, limited by shares, registered in England and Wales, registration number 12291718. The registered office is 128 City Road, London, EC1V 2NX.
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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:
Fixtures & fittings
4 years on cost
Computer equipment
3 years on cost
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.
KinchaDesigns Ltd
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2023
-
977
977
At 31 October 2024
653
977
1,630
At 1 November 2023
-
679
679
Charge for the year
163
297
460
At 31 October 2024
163
976
1,139
At 31 October 2024
490
1
491
At 31 October 2023
-
298
298
Amounts falling due within one year
Accrued income and prepayments
1,050
-
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,368
1,995
Loans from directors
42
53
7
Operating lease commitments
2024
2023
At 31 October 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
4,200
-
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).