| DEE KAY KNITWEAR (UK) LTD |
| Registered number: |
04112874 |
| Balance Sheet |
| as at 30 November 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
1,628,146 |
|
|
1,706,489 |
|
| Current assets |
| Debtors |
4 |
|
121,979 |
|
|
127,297 |
| Cash at bank and in hand |
|
|
228,916 |
|
|
511,723 |
|
|
|
350,895 |
|
|
639,020 |
|
| Creditors: amounts falling due within one year |
5 |
|
(729,853) |
|
|
(818,901) |
|
| Net current liabilities |
|
|
|
(378,958) |
|
|
(179,881) |
|
| Total assets less current liabilities |
|
|
|
1,249,188 |
|
|
1,526,608 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(361,278) |
|
|
(616,108) |
|
|
|
| Net assets |
|
|
|
887,910 |
|
|
910,500 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1,000 |
|
|
1,000 |
| Profit and loss account |
|
|
|
886,910 |
|
|
909,500 |
|
| Shareholders' funds |
|
|
|
887,910 |
|
|
910,500 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| K R Bagga |
| Director |
| Approved by the board on 14 October 2025 |
|
| DEE KAY KNITWEAR (UK) LTD |
| Notes to the Accounts |
| for the year ended 30 November 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. |
|
|
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 and buildings, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Freehold land and buildings |
Not depreciated |
|
Plant and machinery |
10% per annum on cost |
|
Fixtures, fittings, and equipment |
10% per annum on cost |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
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 recognised at transaction price including any transaction costs, 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 recognised at transaction price net of any transaction costs. |
|
|
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. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
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 |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Freehold land and buildings |
|
Plant and machinery etc |
|
Fixtures, fittings & equipment |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 December 2023 |
1,375,409 |
|
880,440 |
|
114,945 |
|
2,370,794 |
|
At 30 November 2024 |
1,375,409 |
|
880,440 |
|
114,945 |
|
2,370,794 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 December 2023 |
- |
|
595,104 |
|
69,201 |
|
664,305 |
|
Charge for the year |
- |
|
67,714 |
|
10,629 |
|
78,343 |
|
At 30 November 2024 |
- |
|
662,818 |
|
79,830 |
|
742,648 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2024 |
1,375,409 |
|
217,622 |
|
35,115 |
|
1,628,146 |
|
At 30 November 2023 |
1,375,409 |
|
285,336 |
|
45,744 |
|
1,706,489 |
|
|
| 4 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade debtors |
80,048 |
|
85,460 |
|
Prepayments |
|
|
|
|
2,931 |
|
2,837 |
|
Other debtors |
39,000 |
|
39,000 |
|
|
|
|
|
|
121,979 |
|
127,297 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans and overdrafts |
25,906 |
|
41,905 |
|
Obligations under finance lease and hire purchase contracts |
24,542 |
|
29,450 |
|
Trade creditors |
580,382 |
|
673,271 |
|
Accrued expenses |
|
|
|
|
4,000 |
|
10,000 |
|
Taxation and social security costs |
92,072 |
|
48,316 |
|
Other creditors |
2,951 |
|
15,959 |
|
|
|
|
|
|
729,853 |
|
818,901 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans |
361,278 |
|
591,566 |
|
Obligations under finance lease and hire purchase contracts |
- |
|
24,542 |
|
|
|
|
|
|
361,278 |
|
616,108 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2024 |
|
2023 |
| £ |
£ |
|
Creditors include: |
|
Instalments falling due for payment after more than five years |
|
257,654 |
|
423,944 |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
387,184 |
|
633,471 |
|
|
|
|
|
|
|
|
|
|
Bank loans and bank overdraft is secured by a charge over the freehold land and buildings owned by the company and an unlimited debenture incorporating a fixed and floating charge. |
|
|
| 8 |
Controlling party |
|
|
During the year ended 30 November 2024, Mr K R Bagga and Mrs D K Bagga controlled 100% of the share capital of the company. |
|
|
| 9 |
Other information |
|
|
DEE KAY KNITWEAR (UK) LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
128A Evington Road |
|
Leicester |
|
LE2 1HL |