Registered number
04340797
KKJ Limited
Filleted Accounts
31 December 2024
KKJ Limited
Registered number: 04340797
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 1,616 1,941
Tangible assets 4 5,949 5,089
7,565 7,030
Current assets
Stocks 6,800 -
Debtors 5 62,701 38,478
Cash at bank and in hand 88,386 72,793
157,887 111,271
Creditors: amounts falling due within one year 6 (106,071) (85,308)
Net current assets 51,816 25,963
Total assets less current liabilities 59,381 32,993
Creditors: amounts falling due after more than one year 7 (1,096) -
Net assets 58,285 32,993
Capital and reserves
Called up share capital 600 600
Profit and loss account 57,685 32,393
Shareholders' funds 58,285 32,993
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.
Zahra Hashemi
Director
Approved by the board on 24 January 2025
KKJ Limited
Notes to the Accounts
for the year ended 31 December 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Leasehold land and buildings over the lease term
Plant and machinery 25% RBM
Fixtures, fittings, tools and equipment 20% RBM
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 8
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 131,750
At 31 December 2024 131,750
Amortisation
At 1 January 2024 129,809
Provided during the year 325
At 31 December 2024 130,134
Net book value
At 31 December 2024 1,616
At 31 December 2023 1,941
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Office Eqipments Total
£ £ £ £
Cost
At 1 January 2024 13,612 162,983 - 176,595
Additions - - 2,665 2,665
At 31 December 2024 13,612 162,983 2,665 179,260
Depreciation
At 1 January 2024 13,612 157,894 - 171,506
Charge for the year - 1,272 533 1,805
At 31 December 2024 13,612 159,166 533 173,311
Net book value
At 31 December 2024 - 3,817 2,132 5,949
At 31 December 2023 - 5,089 - 5,089
5 Debtors 2024 2023
£ £
Trade debtors 7,757 -
Amounts owed by group undertakings and undertakings in which the company has a participating interest 10,000 -
VAT 10,150
Accrued income and prepayments 44,944 28,328
62,701 38,478
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 79,557 40,000
Taxation and social security costs 26,514 11,530
Other creditors - 33,778
106,071 85,308
7 Creditors: amounts falling due after one year 2024 2023
£ £
Director's Loan Account 1,096 -
8 Other information
KKJ Limited is a private company limited by shares and incorporated in England. Its registered office is:
8, Shepherd Market
Mayfair
London
W1J 7JY
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