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Company Registration No. 12880235 (England and Wales)
Killco Trading Limited Unaudited accounts for the year ended 30 September 2024
Killco Trading Limited Unaudited accounts Contents
Page
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Killco Trading Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
77,477 
71,436 
Current assets
Inventories
84,178 
70,496 
Debtors
1,316,599 
15,063 
Cash at bank and in hand
429,958 
983,506 
1,830,735 
1,069,065 
Creditors: amounts falling due within one year
(534,215)
(313,071)
Net current assets
1,296,520 
755,994 
Net assets
1,373,997 
827,430 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
1,373,996 
827,429 
Shareholders' funds
1,373,997 
827,430 
For the year ending 30 September 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 his 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 20 August 2025 and were signed on its behalf by
Mr J D Kilgallon Director Company Registration No. 12880235
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Killco Trading Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Killco Trading Limited is a private company, limited by shares, registered in England and Wales, registration number 12880235. The registered office is 64 New Penkridge Road, Cannock, Staffordshire, WS11 1HW.
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.
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
4 years straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
5 years straight line
Computer equipment
3 years straight line
Stock
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Killco Trading Limited Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 October 2023
6,769 
72,145 
643 
4,581 
84,138 
Additions
5,455 
15,500 
1,295 
2,489 
24,739 
At 30 September 2024
12,224 
87,645 
1,938 
7,070 
108,877 
Depreciation
At 1 October 2023
3,023 
7,430 
181 
2,068 
12,702 
Charge for the year
2,848 
13,460 
388 
2,002 
18,698 
At 30 September 2024
5,871 
20,890 
569 
4,070 
31,400 
Net book value
At 30 September 2024
6,353 
66,755 
1,369 
3,000 
77,477 
At 30 September 2023
3,746 
64,715 
462 
2,513 
71,436 
5
Inventories
2024 
2023 
£ 
£ 
Finished goods
84,178 
70,496 
84,178 
70,496 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
1,220,400 
- 
Other debtors
96,199 
15,063 
1,316,599 
15,063 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
45,954 
50,018 
Trade creditors
228,183 
86,986 
Taxes and social security
188,176 
123,170 
Other creditors
40,271 
40,271 
Accruals
31,631 
12,626 
534,215 
313,071 
8
Average number of employees
During the year the average number of employees was 1 (2023: 0).
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