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COMPANY REGISTRATION NUMBER: 06786336

K&G (YORKSHIRE) LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 January 2025

K&G (YORKSHIRE) LTD

STATEMENT OF FINANCIAL POSITION

31 January 2025

| 2025 | 2024
Note | £ | £

Fixed Assets

Intangible assets | 5 | 162 | 212
Tangible assets | 6 | 34,519 | 38,083
| --------- | ---------
| 34,681 | 38,295

Current Assets

Debtors | 7 | 329,526 | 320,745
Cash at bank and in hand | 3,756 | 2,184
| ---------- | ----------
| 333,282 | 322,929

Creditors: amounts falling due within one year | 8 | 207,329 | 143,493
| ---------- | ----------
Net Current Assets | 125,953 | 179,436
| ---------- | ----------
Total Assets Less Current Liabilities | 160,634 | 217,731

Creditors: amounts falling due after more than one year | 9 | 89,786 | 138,197
| ---------- | ----------
Net Assets | 70,848 | 79,534
| ---------- | ----------

K&G (YORKSHIRE) LTD

STATEMENT OF FINANCIAL POSITION (continued)

31 January 2025

| 2025 | 2024
Note | £ | £

Capital and Reserves

Called up share capital | 102 | 102
Profit and loss account | 70,746 | 79,432
| --------- | ---------
Shareholders Funds | 70,848 | 79,534
| --------- | ---------

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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 17 September 2025 , and are signed on behalf of the board by:

D J Waterson |
Director |

Company registration number: 06786336

K&G (YORKSHIRE) 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 Unit C, Williamson Street, Hull, HU9 1EP.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
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 goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income Tax
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.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Goodwill | - | over theuseful life

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible Assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | 20% reducing balance
| Fixtures and fittings | - | 33% straight line
| Motor vehicles | - | 25% reducing balance
| Equipment | - | 33% straight line

Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
4. Employee Numbers
The average number of persons employed by the company during the year amounted to 6 (2024: 5 ).
5. Intangible Assets

| Goodwill
| £
Cost |
At 1 February 2024 and 31 January 2025 | 9,670
| -------
Amortisation |
At 1 February 2024 | 9,458
Charge for the year | 50
| -------
At 31 January 2025 | 9,508
| -------
Carrying amount |
At 31 January 2025 | 162
| -------
At 31 January 2024 | 212
| -------

6. Tangible Assets

| Plant and machinery | Fixtures and fittings | Motor vehicles | Equipment | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 February 2024 | 59,437 | 1,519 | 17,390 | 7,936 | 86,282
Additions | 2,500 | 1,162 | 2,600 | – | 6,262
| --------- | ------- | --------- | ------- | ---------
At 31 January 2025 | 61,937 | 2,681 | 19,990 | 7,936 | 92,544
| --------- | ------- | --------- | ------- | ---------
Depreciation |  |  |  |  |
At 1 February 2024 | 33,240 | 746 | 7,346 | 6,867 | 48,199
Charge for the year | 5,239 | 786 | 3,036 | 765 | 9,826
| --------- | ------- | --------- | ------- | ---------
At 31 January 2025 | 38,479 | 1,532 | 10,382 | 7,632 | 58,025
| --------- | ------- | --------- | ------- | ---------
Carrying amount |  |  |  |  |
At 31 January 2025 | 23,458 | 1,149 | 9,608 | 304 | 34,519
| --------- | ------- | --------- | ------- | ---------
At 31 January 2024 | 26,197 | 773 | 10,044 | 1,069 | 38,083
| --------- | ------- | --------- | ------- | ---------

7. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 131,295 | 180,747
Other debtors | 198,231 | 139,998
| ---------- | ----------
| 329,526 | 320,745
| ---------- | ----------

8. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 114,220 | 51,218
Trade creditors | – | 50,054
Corporation tax | 64,102 | 19,829
Social security and other taxes | 15,969 | 16,429
Other creditors | 13,038 | 5,963
| ---------- | ----------
| 207,329 | 143,493
| ---------- | ----------

9. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 89,786 | 138,197
| --------- | ----------