Kiss Design Limited - Accounts to registrar (filleted) - small 23.1.2

Kiss Design Limited - Accounts to registrar (filleted) - small 23.1.2

KISS DESIGN LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v23.1.0.753 08739862 Board of Directors 1.1.22 31.12.22 31.12.22 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure087398622021-12-31087398622022-12-31087398622022-01-012022-12-31087398622020-12-31087398622021-01-012021-12-31087398622021-12-3108739862ns16:EnglandWales2022-01-012022-12-3108739862ns15:PoundSterling2022-01-012022-12-3108739862ns11:Director12022-01-012022-12-3108739862ns11:PrivateLimitedCompanyLtd2022-01-012022-12-3108739862ns11:SmallEntities2022-01-012022-12-3108739862ns11:AuditExempt-NoAccountantsReport2022-01-012022-12-3108739862ns11:SmallCompaniesRegimeForDirectorsReport2022-01-012022-12-3108739862ns11:SmallCompaniesRegimeForAccounts2022-01-012022-12-3108739862ns11:FullAccounts2022-01-012022-12-310873986212022-01-012022-12-3108739862ns11:Director22022-01-012022-12-3108739862ns11:RegisteredOffice2022-01-012022-12-3108739862ns6:CurrentFinancialInstruments2022-12-3108739862ns6:CurrentFinancialInstruments2021-12-3108739862ns6:Non-currentFinancialInstruments2022-12-3108739862ns6:Non-currentFinancialInstruments2021-12-3108739862ns6:ShareCapital2022-12-3108739862ns6:ShareCapital2021-12-3108739862ns6:RetainedEarningsAccumulatedLosses2022-12-3108739862ns6:RetainedEarningsAccumulatedLosses2021-12-3108739862ns6:NetGoodwill2022-01-012022-12-3108739862ns6:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3108739862ns6:PlantMachinery2022-01-012022-12-3108739862ns6:NetGoodwill2021-12-3108739862ns6:NetGoodwill2022-12-3108739862ns6:NetGoodwill2021-12-3108739862ns6:PlantMachinery2021-12-3108739862ns6:PlantMachinery2022-12-3108739862ns6:PlantMachinery2021-12-3108739862ns6:WithinOneYearns6:CurrentFinancialInstruments2022-12-3108739862ns6:WithinOneYearns6:CurrentFinancialInstruments2021-12-31
REGISTERED NUMBER: 08739862 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

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

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2022










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 2022







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 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,665 11,627
6,665 11,627

CURRENT ASSETS
Debtors 6 61,242 57,694
Prepayments and accrued income - 776
Cash at bank 34,765 23,732
96,007 82,202
CREDITORS
Amounts falling due within one year 7 40,837 31,617
NET CURRENT ASSETS 55,170 50,585
TOTAL ASSETS LESS CURRENT
LIABILITIES
61,835
62,212

CREDITORS
Amounts falling due after more than one
year
8
(40,158
)
(40,000
)

PROVISIONS FOR LIABILITIES (1,266 ) (2,209 )
NET ASSETS 20,411 20,003

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 411 3
20,411 20,003

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 2022


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 6 July 2023 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 2022


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 2022


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2022
and 31 December 2022 90,000
AMORTISATION
At 1 January 2022
and 31 December 2022 90,000
NET BOOK VALUE
At 31 December 2022 -
At 31 December 2021 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022 48,647
Additions 1,091
Disposals (32,120 )
At 31 December 2022 17,618
DEPRECIATION
At 1 January 2022 37,020
Charge for year 869
Eliminated on disposal (26,936 )
At 31 December 2022 10,953
NET BOOK VALUE
At 31 December 2022 6,665
At 31 December 2021 11,627

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 39,904 16,822
Other debtors 21,338 40,872
61,242 57,694

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

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 5,539 10,000
Trade creditors 2,716 8,706
Taxation and social security 32,493 11,161
Other creditors 89 1,750
40,837 31,617

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 40,158 40,000

9. RELATED PARTY DISCLOSURES

Within other debtors is a loan to Thrive Ecommerce Limited, in which the directors have an interest of £20,290 (2021- £20,290).

At 31 December 2022 other creditors included loans made to the company by the directors of £31 (2021: £nil). The loans are interest free and have no fixed date for repayment.

10. ULTIMATE CONTROLLING PARTY

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

Page 6