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 2021

FOR

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

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2021










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 2021







DIRECTORS: A M Bell
Mrs E J Veitch-George





REGISTERED OFFICE: Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY





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 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 6,300
Tangible assets 5 11,627 14,697
11,627 20,997

CURRENT ASSETS
Debtors 6 57,694 43,855
Prepayments and accrued income 776 368
Cash at bank 23,732 119,010
82,202 163,233
CREDITORS
Amounts falling due within one year 7 31,617 61,049
NET CURRENT ASSETS 50,585 102,184
TOTAL ASSETS LESS CURRENT
LIABILITIES
62,212
123,181

CREDITORS
Amounts falling due after more than one
year
8
(40,000
)
(95,563
)

PROVISIONS FOR LIABILITIES (2,209 ) (2,793 )
NET ASSETS 20,003 24,825

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 3 4,825
20,003 24,825

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 2021


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 26 September 2022 and were signed on its behalf by:





Mrs 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 2021


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 assets of the scheme are held separately from those of the company in independently administered schemes.

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

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2021


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2021
and 31 December 2021 90,000
AMORTISATION
At 1 January 2021 83,700
Charge for year 6,300
At 31 December 2021 90,000
NET BOOK VALUE
At 31 December 2021 -
At 31 December 2020 6,300

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021 49,903
Additions 4,149
Disposals (5,405 )
At 31 December 2021 48,647
DEPRECIATION
At 1 January 2021 35,206
Charge for year 4,034
Eliminated on disposal (2,220 )
At 31 December 2021 37,020
NET BOOK VALUE
At 31 December 2021 11,627
At 31 December 2020 14,697

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 16,822 40,030
Other debtors 40,872 3,825
57,694 43,855

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

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2021


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 10,000 2,500
Trade creditors 8,706 3,072
Taxation and social security 11,161 42,536
Other creditors 1,750 12,941
31,617 61,049

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 40,000 47,500
Other creditors - 48,063
40,000 95,563

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the directors' current account became overdrawn, the maximum amount £22,859 and the year end balance was £15,582. This has subsequently cleared.

10. RELATED PARTY DISCLOSURES

Within other creditors over one year is a loan from Cosec, in which the director has an interest, of £nil (2020 - £30,000).

During the year nil (2020 £71,372) was paid to Emma George Limited (dissolved 23 March 2021) a company in which Ms E J Veitch-George is a director and shareholder.

Within other debtors is a loan to Thrive Ecommerce Limited, in which the directors have an interest of £20,290 (2020- £nil).

11. ULTIMATE CONTROLLING PARTY

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

Page 6