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Company Registration No. 08920041 (England and Wales)
Kay & Shi Limited Unaudited accounts for the year ended 31 October 2024
Kay & Shi Limited Unaudited accounts Contents
Page
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Kay & Shi Limited Company Information for the year ended 31 October 2024
Directors
Hui Shi Matthew Kay
Company Number
08920041 (England and Wales)
Registered Office
39 Newlands Park Drive Scarborough North Yorkshire YO12 6DW
Accountants
JLW Accounting Solutions Shallowdale House East Street Swinton North Yorkshire YO17 6SH
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Kay & Shi Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
244,851 
246,382 
Current assets
Inventories
9,000 
7,500 
Debtors
1,774 
10,247 
Cash at bank and in hand
43,493 
10,152 
54,267 
27,899 
Creditors: amounts falling due within one year
(27,372)
(16,733)
Net current assets
26,895 
11,166 
Total assets less current liabilities
271,746 
257,548 
Creditors: amounts falling due after more than one year
(161,927)
(170,129)
Provisions for liabilities
Deferred tax
(2,072)
(2,363)
Net assets
107,747 
85,056 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
107,743 
85,052 
Shareholders' funds
107,747 
85,056 
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 directors acknowledge their 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 of Directors and authorised for issue on 23 June 2025 and were signed on its behalf by
Matthew Kay Director Company Registration No. 08920041
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Kay & Shi Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Kay & Shi Limited is a private company, limited by shares, registered in England and Wales, registration number 08920041. The registered office is 39 Newlands Park Drive, Scarborough, North Yorkshire, YO12 6DW.
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 financial statements have been prepared under the historical cost convention.
3
Accounting policies
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.
Goodwill
Goodwill being the amount paid in connection with the acquisition of the business in 2014, has been amortised evenly over its estimated useful life of nine years.
Turnover
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 at the point of sale.
Going concern
The director has adopted the going concern basis for the preparation of the accounts. The company continues to operate with the support of its director.
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
15% on reducing balance
Computer equipment
33% on cost
Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell. Any obsolete stock is recognised as an expense in the period in which the stock is deemed to have become obsolete.
Deferred taxation
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.
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).
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Kay & Shi Limited Notes to the Accounts for the year ended 31 October 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2023
57,567 
At 31 October 2024
57,567 
Amortisation
At 1 November 2023
57,567 
At 31 October 2024
57,567 
Net book value
At 31 October 2024
- 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 November 2023
233,949 
19,243 
14,057 
1,443 
268,692 
Additions
- 
- 
- 
416 
416 
Disposals
- 
- 
- 
(250)
(250)
At 31 October 2024
233,949 
19,243 
14,057 
1,609 
268,858 
Depreciation
At 1 November 2023
- 
12,107 
9,242 
961 
22,310 
Charge for the year
- 
1,266 
581 
100 
1,947 
Surplus on revaluation
- 
- 
- 
(250)
(250)
At 31 October 2024
- 
13,373 
9,823 
811 
24,007 
Net book value
At 31 October 2024
233,949 
5,870 
4,234 
798 
244,851 
At 31 October 2023
233,949 
7,136 
4,815 
482 
246,382 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
971 
9,514 
Accrued income and prepayments
803 
733 
1,774 
10,247 
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Kay & Shi Limited Notes to the Accounts for the year ended 31 October 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,596 
9,596 
VAT
650 
908 
Trade creditors
356 
635 
Taxes and social security
8,198 
4,679 
Loans from directors
7,167 
180 
Accruals
1,405 
735 
27,372 
16,733 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
161,927 
170,129 
9
Average number of employees
During the year the average number of employees was 6 (2023: 7).
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