Kids Out Trading Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04366968 (England and Wales)

Financial Statements for the Year Ended 30 June 2021

for

Kids Out Trading Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms H M Pitcher

SECRETARY:

Ms S Williams

REGISTERED OFFICE:

14 Church Square

Leighton Buzzard

Bedfordshire

LU7 1AE

REGISTERED NUMBER:

04366968 (England and Wales)

AUDITORS:

Haines Watts

Chartered Accountants and

Statutory Auditors

4 Claridge Court

Lower Kings Road

Berkhamsted

Hertfordshire

HP4 2AF

FIXED ASSETS

Tangible assets

4

8,056

10,741

CURRENT ASSETS

Debtors

5

138,388

120,536

Cash at bank

177,860

211,081

316,248

331,617

CREDITORS

Amounts falling due within one year

6

289,143

241,665

NET CURRENT ASSETS

27,105

89,952

TOTAL ASSETS LESS CURRENT LIABILITIES

35,161

100,693

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

35,159

100,691

SHAREHOLDERS' FUNDS

35,161

100,693

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 February 2022 and were signed by:

Ms H M Pitcher - Director

1.	STATUTORY INFORMATION

Kids Out Trading 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.

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

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.

Turnover from events is recognised by reference to the date of the event. Income received from advance ticket sales is deferred until the period in which the event is held.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Where parts of an item of tangible fixed assets have different useful lives, they are accounted for as separate items of 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 cost and 25% 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 balance sheet date.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2020

and 30 June 2021

23,863

DEPRECIATION

At 1 July 2020

13,122

Charge for year

2,685

At 30 June 2021

15,807

NET BOOK VALUE

At 30 June 2021

8,056

At 30 June 2020

10,741

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.21

30.6.20

£

£

Trade debtors

75,631

63,405

Other debtors

62,757

57,131

138,388

120,536

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.21

30.6.20

£

£

Trade creditors

191

-

Amounts owed to group undertakings

52,560

31,416

Taxation and social security

19,077

11,582

Other creditors

217,315

198,667

289,143

241,665

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.21

30.6.20

value:

£

£

2

Ordinary

1

2

2

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Shaun Brownsmith (Senior Statutory Auditor)

for and on behalf of Haines Watts

9.	RELATED PARTY DISCLOSURES

The director is also a trustee of Kids Out UK, a registered charity. All trading by the company is carried out on behalf of the charity. The company paid the charity a management charge for costs incurred on its behalf of £nil (2020 - £20,000).

The registered office of Kids Out UK (the parent of the smallest group for which consolidated financial statements are drawn up) is 14 Church Square, Leighton Buzzard, Bedfordshire, LU7 1AE.

10.	POST BALANCE SHEET EVENTS

A payment under gift aid amounting to £13,386 (2020 - £75,000) has been made since the year end but prior to the date of approval of the financial statements.