Kiss Design Limited - Accounts to registrar (filleted) - small 18.2

Kiss Design Limited - Accounts to registrar (filleted) - small 18.2

KISS DESIGN LIMITED - Company Information

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REGISTERED NUMBER: 08739862 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

KISS DESIGN LIMITED
KISS DESIGN LIMITED (REGISTERED NUMBER: 08739862)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2020










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


KISS DESIGN LIMITED


COMPANY INFORMATION
for the Year Ended 31 December 2020







DIRECTORS: A M Bell
Ms E J Veitch-George





REGISTERED OFFICE: 3 Mill Farm Barns Packington Park
Meriden
Coventry
CV7 7HE





REGISTERED NUMBER: 08739862 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY
Page 1
KISS DESIGN LIMITED (REGISTERED NUMBER: 08739862)


STATEMENT OF FINANCIAL POSITION
31 December 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,300 24,300
Tangible assets 5 14,697 17,265
20,997 41,565

CURRENT ASSETS
Debtors 6 43,855 53,795
Prepayments and accrued income 368 11,746
Cash at bank 119,010 7,315
163,233 72,856
CREDITORS
Amounts falling due within one year 7 61,049 32,790
NET CURRENT ASSETS 102,184 40,066
TOTAL ASSETS LESS CURRENT
LIABILITIES
123,181
81,631

CREDITORS
Amounts falling due after more than one
year
8
(95,563
)
(48,063
)

PROVISIONS FOR LIABILITIES (2,793 ) (3,280 )
NET ASSETS 24,825 30,288

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 4,825 10,288
24,825 30,288

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Page 2 continued...
KISS DESIGN LIMITED (REGISTERED NUMBER: 08739862)


STATEMENT OF FINANCIAL POSITION - continued
31 December 2020


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 Board of Directors and authorised for issue on 18 June 2021 and were signed on its behalf by:





Ms E J Veitch-George - Director


The notes form part of these financial statements

Page 3
KISS DESIGN LIMITED (REGISTERED NUMBER: 08739862)


NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2020


1. STATUTORY INFORMATION

Kiss Design Limited 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 15% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Page 4 continued...
KISS DESIGN LIMITED (REGISTERED NUMBER: 08739862)


NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2020


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2020
and 31 December 2020 90,000
AMORTISATION
At 1 January 2020 65,700
Charge for year 18,000
At 31 December 2020 83,700
NET BOOK VALUE
At 31 December 2020 6,300
At 31 December 2019 24,300

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2020 49,070
Additions 833
At 31 December 2020 49,903
DEPRECIATION
At 1 January 2020 31,805
Charge for year 3,401
At 31 December 2020 35,206
NET BOOK VALUE
At 31 December 2020 14,697
At 31 December 2019 17,265

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 40,030 49,970
Other debtors 3,825 3,825
43,855 53,795

Page 5 continued...
KISS DESIGN LIMITED (REGISTERED NUMBER: 08739862)


NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2020


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Bank loans and overdrafts 2,500 -
Trade creditors 3,072 13,174
Taxation and social security 42,536 15,297
Other creditors 12,941 4,319
61,049 32,790

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2020 2019
£    £   
Bank loans 47,500 -
Other creditors 48,063 48,063
95,563 48,063

9. RELATED PARTY DISCLOSURES

At 31 December 2020 other creditors included loans made to the company by the directors of £5,043 (2019: £2,500). The loans are interest free and have no fixed date for repayment.

Within other creditors over one year is a loan from Cosec, in which the director has an interest, of £30,000 (2019 - £30,000).

During the year £71,372 was paid to Emma George Limited a company in which Ms E J Veitch-George is a director and shareholder.

10. ULTIMATE CONTROLLING PARTY

The company was under the controll of Ms E J Veitch-George.

Page 6