Kinder Developments Ltd Filleted accounts for Companies House (small and micro)

KINDER DEVELOPMENTS LTD - Company Information

0 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 56,500 39,161 4,335 43,496 13,004 17,339 xbrli:pure xbrli:shares iso4217:GBP 09802817 2022-04-01 2023-03-31 09802817 2023-03-31 09802817 2022-03-31 09802817 2021-10-01 2022-03-31 09802817 2022-03-31 09802817 core:PlantMachinery 2022-04-01 2023-03-31 09802817 bus:RegisteredOffice 2022-04-01 2023-03-31 09802817 bus:LeadAgentIfApplicable 2022-04-01 2023-03-31 09802817 bus:Director1 2022-04-01 2023-03-31 09802817 core:PlantMachinery 2022-03-31 09802817 core:PlantMachinery 2023-03-31 09802817 core:WithinOneYear 2023-03-31 09802817 core:WithinOneYear 2022-03-31 09802817 core:AfterOneYear 2023-03-31 09802817 core:AfterOneYear 2022-03-31 09802817 core:ShareCapital 2023-03-31 09802817 core:ShareCapital 2022-03-31 09802817 core:RetainedEarningsAccumulatedLosses 2023-03-31 09802817 core:RetainedEarningsAccumulatedLosses 2022-03-31 09802817 core:PlantMachinery 2022-03-31 09802817 bus:SmallEntities 2022-04-01 2023-03-31 09802817 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 09802817 bus:FullAccounts 2022-04-01 2023-03-31 09802817 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 09802817 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31

COMPANY REGISTRATION NUMBER: 09802817

Kinder Developments Ltd

Filleted Unaudited Financial Statements

31 March 2023

Kinder Developments Ltd

Financial Statements

Year ended 31 March 2023

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

Kinder Developments Ltd

Officers and Professional Advisers

Director	Mr M McHale

Registered office	92a Bury Old Road
	Whitefield
	Manchester
	M45 6TQ

Accountants	Rose, Chartered Accountants

	92a Bury Old Road
	Whitefield
	Manchester
	M45 6TQ

Company number 09802817

Kinder Developments Ltd

Statement of Financial Position

31 March 2023

	2023		2022
Note	£	£	£

Fixed assets

Tangible assets	4		13,004	17,339

Current assets

Stocks		1,272,796	981,608
Debtors	5	4,828	2,915
Cash at bank and in hand		155,842	232,431
		------------	------------
		1,433,466	1,216,954

Creditors: amounts falling due within one year	6	994,066		775,687
		------------		------------
Net current assets			439,400	441,267
			---------	---------
Total assets less current liabilities			452,404	458,606

Creditors: amounts falling due after more than one year	7	33,916	31,667
		---------	---------
Net assets		418,488	426,939
		---------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	418,486	426,937
	---------	---------
Shareholder funds	418,488	426,939
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Kinder Developments Ltd

Statement of Financial Position (continued)

31 March 2023

These financial statements were approved by the board of directors and authorised for issue on 23 December 2023 , and are signed on behalf of the board by:

Mr M McHale
Director

Company registration number: 09802817

Kinder Developments Ltd

Notes to the Financial Statements

Year ended 31 March 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 92a Bury Old Road, Whitefield, Manchester, M45 6TQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The company is being financially supported by the director. The loan provided by the director would not be repaid in the foreseeable future, therefore the director considers it appropriate to prepare the financial statements on the going concern basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant & Machinery	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Tangible assets

	Plant and machinery	Total
	£	£
Cost
At 1 April 2022 and 31 March 2023	56,500	56,500
	--------	--------
Depreciation
At 1 April 2022	39,161	39,161
Charge for the year	4,335	4,335
	--------	--------
At 31 March 2023	43,496	43,496
	--------	--------
Carrying amount
At 31 March 2023	13,004	13,004
	--------	--------
At 31 March 2022	17,339	17,339
	--------	--------

5. Debtors

	2023	2022
	£	£
Other debtors	4,828	2,915
	-------	-------

6. Creditors: amounts falling due within one year

	2023	2022
	£	£
Bank loans and overdrafts	2,750	10,000
Trade creditors	6,577	6,584
Social security and other taxes	533	48,155
Orchard Investments NW Limited	981,706	709,748
Other creditors	2,500	1,200
	---------	---------
	994,066	775,687
	---------	---------

7. Creditors: amounts falling due after more than one year

	2023	2022
	£	£
Bank loans and overdrafts	33,916	31,667
	--------	--------

8. Director transactions

The company is controlled by M.P.McHale as the sole director and 50% shareholder. Included within creditors due within one year is £981,706 (31 March 2022: £709,748) due to Orchard Investments NW Limited, a company which is controlled by the director. The balance is unsecured, interest free and repayable on demand.