Company Registration No. 05462098 (England and Wales)
Kit And Kaboodle Ltd
Unaudited accounts
for the year ended 31 March 2025
Kit And Kaboodle Ltd
Unaudited accounts
Contents
Kit And Kaboodle Ltd
Company Information
for the year ended 31 March 2025
Directors
Mr J T Poore
Mrs H Poore
Company Number
05462098 (England and Wales)
Registered Office
122 Springvale Road
Kings Worthy
Winchester
Hampshire
SO23 7RB
Accountants
Continuity Finance
95 Brownhill Road
Chandlers Ford
Eastleigh
Hampshire
SO53 2FH
Kit And Kaboodle Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
4,892
4,469
Cash at bank and in hand
10,422
29
Creditors: amounts falling due within one year
(15,281)
(13,683)
Net current assets
14,556
10,727
Total assets less current liabilities
19,448
15,196
Creditors: amounts falling due after more than one year
(41,625)
(13,992)
Provisions for liabilities
Net (liabilities)/assets
(23,106)
355
Called up share capital
100
100
Profit and loss account
(23,206)
255
Shareholders' funds
(23,106)
355
For the year ending 31 March 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 18 December 2025 and were signed on its behalf by
Mr J T Poore
Director
Company Registration No. 05462098
Kit And Kaboodle Ltd
Notes to the Accounts
for the year ended 31 March 2025
Kit And Kaboodle Ltd is a private company, limited by shares, registered in England and Wales, registration number 05462098. The registered office is 122 Springvale Road, Kings Worthy, Winchester, Hampshire, SO23 7RB.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
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:
Fixtures & fittings
5 years straight line
Computer equipment
3 years straight line
Kit And Kaboodle Ltd
Notes to the Accounts
for the year ended 31 March 2025
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand
Cash at bank and in hand is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Creditors
Trade and other creditors are recognised at the settlement amount due after any trade discount offered. Accruals are valued at the amount due in the future net of any trade discounts.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
4
Intangible fixed assets
Goodwill
Kit And Kaboodle Ltd
Notes to the Accounts
for the year ended 31 March 2025
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
5,971
10,825
16,796
Disposals
(2,311)
(5,278)
(7,589)
At 31 March 2025
3,660
8,301
11,961
At 1 April 2024
1,511
10,816
12,327
Charge for the year
1,012
698
1,710
On disposals
(1,690)
(5,278)
(6,968)
At 31 March 2025
833
6,236
7,069
At 31 March 2025
2,827
2,065
4,892
At 31 March 2024
4,460
9
4,469
Amounts falling due within one year
Accrued income and prepayments
872
1,507
Other debtors
9,905
22,874
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
5,833
3,982
Taxes and social security
2,529
6,783
8
Creditors: amounts falling due after more than one year
2025
2024
Kit And Kaboodle Ltd
Notes to the Accounts
for the year ended 31 March 2025
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loans to directors
22,294
9,406
22,294
9,406
Loans to directors
80
-
80
-
22,374
9,406
22,374
9,406
The above loans are unsecured and repayable on demand.
Interest on loans with directors is charged using the official HM Revenue & Customs interest rate.
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).