1 false false false false false false false false false false true false false false false false false No description of principal activity 2024-02-01 Sage Accounts Production Advanced 2024 - FRS102_2024 4,296 691 4,987 3,354 394 3,748 1,239 942 xbrli:pure xbrli:shares iso4217:GBP 11174094 2024-02-01 2025-01-31 11174094 2025-01-31 11174094 2024-01-31 11174094 2023-02-01 2024-01-31 11174094 2024-01-31 11174094 2023-01-31 11174094 bus:Director1 2024-02-01 2025-01-31 11174094 core:WithinOneYear 2025-01-31 11174094 core:WithinOneYear 2024-01-31 11174094 core:AfterOneYear 2025-01-31 11174094 core:AfterOneYear 2024-01-31 11174094 core:ShareCapital 2025-01-31 11174094 core:ShareCapital 2024-01-31 11174094 core:RetainedEarningsAccumulatedLosses 2025-01-31 11174094 core:RetainedEarningsAccumulatedLosses 2024-01-31 11174094 core:AcceleratedTaxDepreciationDeferredTax 2025-01-31 11174094 core:AcceleratedTaxDepreciationDeferredTax 2024-01-31 11174094 bus:Director1 2024-01-31 11174094 bus:Director1 2025-01-31 11174094 bus:Director1 2023-01-31 11174094 bus:Director1 2024-01-31 11174094 bus:Director1 2023-02-01 2024-01-31 11174094 bus:SmallEntities 2024-02-01 2025-01-31 11174094 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 11174094 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 11174094 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 11174094 bus:FullAccounts 2024-02-01 2025-01-31 11174094 core:OfficeEquipment 2024-02-01 2025-01-31 11174094 core:OfficeEquipment 2024-01-31 11174094 core:OfficeEquipment 2025-01-31
COMPANY REGISTRATION NUMBER: 11174094
Kate Rich Ltd
Filleted Unaudited Financial Statements
For the year ended
31 January 2025
Kate Rich Ltd
Statement of Financial Position
31 January 2025
2025
2024
Note
£
£
Fixed assets
Tangible assets
5
1,239
942
Current assets
Debtors
6
10,006
497
Cash at bank and in hand
3,236
21,230
--------
--------
13,242
21,727
Creditors: amounts falling due within one year
7
12,876
18,173
--------
--------
Net current assets
366
3,554
-------
-------
Total assets less current liabilities
1,605
4,496
Creditors: amounts falling due after more than one year
8
307
824
Provisions
Deferred taxation
310
236
-------
-------
Net assets
988
3,436
-------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
888
3,336
----
-------
Shareholders funds
988
3,436
----
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Kate Rich Ltd
Statement of Financial Position (continued)
31 January 2025
These financial statements were approved by the board of directors and authorised for issue on 1 August 2025 , and are signed on behalf of the board by:
K Rich
Director
Company registration number: 11174094
Kate Rich Ltd
Notes to the Financial Statements
Year ended 31 January 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 15 Lonsdale, Linton, Cambridge, CB21 4LT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for services rendered and invoiced during the year, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
25% reducing balance
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).
5. Tangible assets
Office equipment
£
Cost
At 1 February 2024
4,296
Additions
691
-------
At 31 January 2025
4,987
-------
Depreciation
At 1 February 2024
3,354
Charge for the year
394
-------
At 31 January 2025
3,748
-------
Carrying amount
At 31 January 2025
1,239
-------
At 31 January 2024
942
-------
6. Debtors
2025
2024
£
£
Other debtors
10,006
497
--------
----
7. Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
516
876
Social security and other taxes
10,600
13,824
Other creditors
1,760
3,473
--------
--------
12,876
18,173
--------
--------
8. Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
307
824
----
----
9. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2025
2024
£
£
Included in provisions
310
236
----
----
The deferred tax account consists of the tax effect of timing differences in respect of:
2025
2024
£
£
Accelerated capital allowances
310
236
----
----
10. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2025
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
K Rich
( 823)
36,304
( 28,000)
7,481
----
--------
--------
-------
2024
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
K Rich
( 2,630)
42,807
( 41,000)
( 823)
-------
--------
--------
----
Loans to the director are unsecured, interest free and repayable on demand.