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Registration number: 10638930

The KitZone Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2018

Farrar Smith
Chartered Accountants
2 Woodside Mews
Clayton Wood Close
Leeds
West Yorkshire
LS16 6QE

 

The KitZone Ltd

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 3

 

The KitZone Ltd

(Registration number: 10638930)
Balance Sheet as at 30 April 2018

Note

2018
£

2017
£

           

Fixed assets

   

 

Tangible assets

3

 

837

 

-

Current assets

   

 

Debtors

4

100

 

100

 

Cash at bank and in hand

 

142

 

-

 

 

242

 

100

 

Creditors: Amounts falling due within one year

5

(2,261)

 

-

 

Net current (liabilities)/assets

   

(2,019)

 

100

Net (liabilities)/assets

   

(1,182)

 

100

Capital and reserves

   

 

Called up share capital

100

 

100

 

Profit and loss account

(1,282)

 

-

 

Total equity

   

(1,182)

 

100

For the financial year ending 30 April 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 30 July 2018
 

.........................................

Mr Roy Malcolm Kendall
Director

 

The KitZone Ltd

Notes to the Financial Statements for the Year Ended 30 April 2018

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Woodside Mews
Clayton Wood Close
Leeds
West Yorkshire
LS16 6QE
United Kingdom

These financial statements were authorised for issue by the director on 30 July 2018.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

25% on cost

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

The KitZone Ltd

Notes to the Financial Statements for the Year Ended 30 April 2018

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2017

1,116

1,116

At 30 April 2018

1,116

1,116

Depreciation

Charge for the year

279

279

At 30 April 2018

279

279

Carrying amount

At 30 April 2018

837

837

4

Debtors

2018
£

2017
£

Other debtors

100

100

5

Creditors

Creditors: amounts falling due within one year

2018
£

2017
£

Due within one year

Other creditors

2,261

-