Company Registration No. 08920041 (England and Wales)
Kay & Shi Limited
Unaudited accounts
for the year ended 31 October 2025
Kay & Shi Limited
Unaudited accounts
Contents
Kay & Shi Limited
Company Information
for the year ended 31 October 2025
Directors
Hui Shi
Matthew Kay
Company Number
08920041 (England and Wales)
Registered Office
39 Newlands Park Drive
Scarborough
North Yorkshire
YO12 6DW
Accountants
JLW Accounting Solutions
Shallowdale House
East Street
Swinton
North Yorkshire
YO17 6SH
Kay & Shi Limited
Statement of financial position
as at 31 October 2025
Tangible assets
243,592
244,851
Cash at bank and in hand
36,910
43,493
Creditors: amounts falling due within one year
(45,103)
(27,372)
Net current assets
1,210
26,895
Total assets less current liabilities
244,802
271,746
Creditors: amounts falling due after more than one year
(154,388)
(161,927)
Provisions for liabilities
Deferred tax
(1,833)
(2,072)
Called up share capital
4
4
Profit and loss account
88,577
107,743
Shareholders' funds
88,581
107,747
For the year ending 31 October 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 23 July 2026 and were signed on its behalf by
Matthew Kay
Director
Company Registration No. 08920041
Kay & Shi Limited
Notes to the Accounts
for the year ended 31 October 2025
Kay & Shi Limited is a private company, limited by shares, registered in England and Wales, registration number 08920041. The registered office is 39 Newlands Park Drive, Scarborough, North Yorkshire, YO12 6DW.
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 financial statements have been prepared under the historical cost convention.
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.
Goodwill being the amount paid in connection with the acquisition of the business in 2014, has been amortised evenly over its estimated useful life of nine years.
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 at the point of sale.
The director has adopted the going concern basis for the preparation of the accounts. The company continues to operate with the support of its director.
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
15% on reducing balance
Computer equipment
33% on cost
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell. Any obsolete stock is recognised as an expense in the period in which the stock is deemed to have become obsolete.
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.
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).
Kay & Shi Limited
Notes to the Accounts
for the year ended 31 October 2025
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2024
233,949
19,243
14,057
1,609
268,858
At 31 October 2025
233,949
19,243
14,057
1,955
269,204
At 1 November 2024
-
13,373
9,823
811
24,007
Charge for the year
-
904
522
179
1,605
At 31 October 2025
-
14,277
10,345
990
25,612
At 31 October 2025
233,949
4,966
3,712
965
243,592
At 31 October 2024
233,949
5,870
4,234
798
244,851
Amounts falling due within one year
Accrued income and prepayments
623
803
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
8,577
9,596
Taxes and social security
9,957
8,198
Loans from directors
21,629
7,167
Kay & Shi Limited
Notes to the Accounts
for the year ended 31 October 2025
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
154,388
161,927
9
Average number of employees
During the year the average number of employees was 6 (2024: 6).