K&G (Yorkshire) Ltd Filleted accounts for Companies House (small and micro)

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
	---------	----------