KINASH LIMITED - Filleted accounts

Registered number

08219932

KINASH LIMITED

Filleted Accounts

30 April 2025

KINASH LIMITED
Registered number:		08219932
Balance Sheet
as at 30 April 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		659,963			638,792

Current assets
Debtors	4	-			323,688
Cash at bank and in hand		3,748,094			1,113,444
		3,748,094			1,437,132

Creditors: amounts falling due within one year	5	(1,349,932)			(755,834)

Net current assets			2,398,162			681,298

Total assets less current liabilities			3,058,125			1,320,090

Creditors: amounts falling due after more than one year	6		(306,531)			(282,634)

Provisions for liabilities			(2,855)			-


Net assets			2,748,739			1,037,456

Capital and reserves
Called up share capital			100			100
Profit and loss account			2,748,639			1,037,356

Shareholders' funds			2,748,739			1,037,456

The director is 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 director acknowledges his 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.




IHOR KINASH
Director
Approved by the board on 30 June 2025

KINASH LIMITED
Notes to the Accounts
for the year ended 30 April 2025


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. 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
	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, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	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 initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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 initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					14		10


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 May 2024	622,181		26,536		51,285		700,002
	Additions	-		12,773		30,583		43,356
	Disposals	-		(15,240)		(6,739)		(21,979)
	At 30 April 2025	622,181		24,069		75,129		721,379

	Depreciation
	At 1 May 2024	1,687		19,206		40,317		61,210
	Charge for the year	1,294		9,793		9,876		20,963
	On disposals	-		(14,018)		(6,739)		(20,757)
	At 30 April 2025	2,981		14,981		43,454		61,416

	Net book value
	At 30 April 2025	619,200		9,088		31,675		659,963
	At 30 April 2024	620,494		7,330		10,968		638,792


4	Debtors					2025		2024
£							£

	Trade debtors					-		323,688


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					-		14,969
	Business Credit Cards					30,144		1,862
	VAT Liability					346,401		259,916
	Taxation and social security costs					506,083		373,235
	Director's loan account					11		6,367
	Trade creditors					467,293		99,485
						1,349,932		755,834


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					306,531		282,634


7	Other information

	KINASH LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	61 Ash Road
	Sutton
	SM3 9LA