Kristina Bill Limited - Accounts to registrar (filleted) - small 18.2

Kristina Bill Limited - Accounts to registrar (filleted) - small 18.2

KRISTINA BILL LTD - Company Information

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REGISTERED NUMBER: 05885157 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

KRISTINA BILL LIMITED
KRISTINA BILL LIMITED (REGISTERED NUMBER: 05885157)

Contents of the Financial Statements
for the Year Ended 31 December 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KRISTINA BILL LIMITED

Company Information
for the Year Ended 31 December 2021







DIRECTOR: K Bill





REGISTERED OFFICE: 11a Hazledene Road
Chiswick
London
W4 3JB





REGISTERED NUMBER: 05885157 (England and Wales)





ACCOUNTANTS: Allium Wood Limited
Chartered Certified Accountants
The Chestnuts
Brewers End
Takeley
Essex
CM22 6QJ
Page 1
KRISTINA BILL LIMITED (REGISTERED NUMBER: 05885157)

Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 409

CURRENT ASSETS
Debtors 5 18,502 32,575
Cash at bank 9,921 7,391
28,423 39,966
CREDITORS
Amounts falling due within one year 6 12,120 39,304
NET CURRENT ASSETS 16,303 662
TOTAL ASSETS LESS CURRENT
LIABILITIES
16,303
1,071

PROVISIONS FOR LIABILITIES - 78
NET ASSETS 16,303 993

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 16,203 893
SHAREHOLDERS' FUNDS 16,303 993

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 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 30 March 2022 and were signed by:





K Bill - Director


The notes form part of these financial statements

Page 2
KRISTINA BILL LIMITED (REGISTERED NUMBER: 05885157)

Notes to the Financial Statements
for the Year Ended 31 December 2021


1. STATUTORY INFORMATION

Kristina Bill 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.

The presentation currency is £ sterling.

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

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

Government grants
Grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

Grants that become receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the entity with no future related costs, are recognised in income in the period in which they become receivable.

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 balance sheet date.

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

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

Page 3 continued...
KRISTINA BILL LIMITED (REGISTERED NUMBER: 05885157)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021
and 31 December 2021 5,405
DEPRECIATION
At 1 January 2021 4,996
Charge for year 409
At 31 December 2021 5,405
NET BOOK VALUE
At 31 December 2021 -
At 31 December 2020 409

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 18,400 -
Other debtors 102 32,575
18,502 32,575

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts - 26,000
Trade creditors 381 99
Taxation and social security 9,402 12,091
Other creditors 2,337 1,114
12,120 39,304

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2021 and 31 December 2020:

2021 2020
£    £   
K Bill
Balance outstanding at start of year 24,585 9,152
Amounts advanced 51,507 60,242
Amounts repaid (77,329 ) (44,809 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,237 ) 24,585

The loan to the director attracts interest at 2.5% and is repayable on demand.

Page 4 continued...
KRISTINA BILL LIMITED (REGISTERED NUMBER: 05885157)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


8. POST BALANCE SHEET EVENTS

Since the year end, the Coronavirus (COVID-19) continues to have a significant impact on businesses worldwide. As a result some business operations have been restricted, however the company continues to operate using alternative methods and remote working.

The directors are unable to evaluate the overall financial impact on the business at present. Hence financial statements do not include any adjustments that might result from the outcome of this uncertainty.

The directors are continuing to monitor, assess and act to the current changing environment in order to position the company to ensure its future success.

Page 5