K & S Retail Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08270034

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		130,000		130,000
Tangible Assets	5		26,697		31,841

			156,697		161,841
CURRENT ASSETS
Stocks	6	46,225		46,155
Debtors	7	12,066		15,266
Cash at bank and in hand		54,629		73,429

		112,920		134,850
Creditors: Amounts Falling Due Within One Year	8	(95,780 )		(169,569 )

NET CURRENT ASSETS (LIABILITIES)			17,140		(34,719 )

TOTAL ASSETS LESS CURRENT LIABILITIES			173,837		127,122

NET ASSETS			173,837		127,122

CAPITAL AND RESERVES
Called up share capital	10		2		2
Profit and Loss Account			173,835		127,120

SHAREHOLDERS' FUNDS			173,837		127,122

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K & S Retail Ltd

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr John Scragg

Director

1st October 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

K & S Retail Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08270034 . The registered office is 259-261 Whitley Road , Whitley Bay, Tyne and Wear , NE26 2SS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

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 the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15
Motor Vehicles	15
Fixtures & Fittings	15
Computer Equipment	33

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2025: 8)

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K & S Retail Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 February 2025	130,000

As at 31 January 2026	130,000

Net Book Value
As at 31 January 2026	130,000

As at 1 February 2025	130,000

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 February 2025	30,999	19,273	35,636	1,604	87,512

As at 31 January 2026	30,999	19,273	35,636	1,604	87,512

Depreciation
As at 1 February 2025	20,706	9,894	23,467	1,604	55,671
Provided during the period	1,544	1,775	1,825	-	5,144

As at 31 January 2026	22,250	11,669	25,292	1,604	60,815

Net Book Value
As at 31 January 2026	8,749	7,604	10,344	-	26,697

As at 1 February 2025	10,293	9,379	12,169	-	31,841

6. Stocks

	2026	2025
	£	£
Stock	46,225	46,155

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	2,868	2,868
Prepayments and accrued income	8,131	8,131
Other debtors	1,067	4,267

	12,066	15,266

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K & S Retail Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	10,988	15,140
Bank loans and overdrafts	29,573	93,178
Other taxes and social security	696	323
VAT	2,016	1,519
Accruals	5,977	4,810
Directors' loan accounts	46,530	54,599

	95,780	169,569

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	2	2

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