Kit and Caboodle (Hire) Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: 09166840 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2019

for

KIT AND CABOODLE (HIRE) LTD.

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

T Clark

REGISTERED OFFICE:

4th Floor Venture House

27-29 Glasshouse Street

London

W1B 5DF

REGISTERED NUMBER:

09166840 (England and Wales)

ACCOUNTANTS:

Thorne Lancaster Parker

Chartered Accountants

4th Floor

Venture House

27-29 Glasshouse Street

London

W1B 5DF

CURRENT ASSETS

Debtors

5

12,950

Cash at bank

653

13,603

CREDITORS

Amounts falling due within one year

6

109,636

NET CURRENT LIABILITIES

(96,033

)

(96,033

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(96,033

)

(96,033

)

CAPITAL AND RESERVES

Called up share capital

8

1

Retained earnings

(96,034

)

(96,034

)

SHAREHOLDERS' FUNDS

(96,033

)

(96,033

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2020 and were signed by:

T Clark - Director

1.	STATUTORY INFORMATION

Kit and Caboodle (Hire) Ltd. is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

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.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with

an original maturity date of three months or less.

Financial instruments

Basic financial assets

Trade and other debtors, amounts owed by related undertakings, cash and bank balances are initially recognised

at transaction price and subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period basic financial assets measured at amortised cost are assessed for objective

evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount

and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The

impairment loss is recognised in profit or loss.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised

the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the

carrying amount would have been had the impairment not previously been recognised. The impairment reversal

is recognised in profit or loss.

Basic financial assets are derecognised when (a) the contractual rights to the cash flows from the assets expire or

are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another

party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing

additional restrictions.

Basic financial liabilities

Trade and other creditors, accruals and amounts owed to related undertakings are initially recognised at

transaction price and subsequently carried at amortised cost, using the effective interest rate method.

Basic financial liabilities are derecognised when the contractual obligation is discharged, cancelled or expired.

Equity instruments

The ordinary share capital of the company is classified as equity and recorded at fair value of the cash or other

resources received or receivable, net of direct costs of issuing the equity instruments.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Trade debtors

5,651

Other debtors

7,299

12,950

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Amounts owed to related undertakings

23,336

Social security and other taxes

77,800

Accruals and deferred income

8,500

109,636

7.	FINANCIAL INSTRUMENTS

The company has the following financial instruments:

2019

2018

Financial assets that are debt instruments measured at
amortised cost

- Trade debtors

5,651

- Other debtors

7,299

12,950

Financial liabilities measured at amortised cost

- Amounts owed to related undertakings

23,336

- Accruals and deferred income

8,500

31,836

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

1

Ordinary share

£1

1

Kit and Caboodle (Hire) Ltd. - Accounts to registrar (filleted) - small 18.2

Kit and Caboodle (Hire) Ltd. - Accounts to registrar (filleted) - small 18.2