Kids Out Trading Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04366968 (England and Wales)

Financial Statements for the Year Ended 30 June 2023

for

Kids Out Trading Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs Helen Pitcher OBE

SECRETARY:

Ms S Williams

REGISTERED OFFICE:

14 Church Square

Leighton Buzzard

Bedfordshire

LU7 1AE

REGISTERED NUMBER:

04366968 (England and Wales)

AUDITORS:

Haines Watts (Berkhamsted) Limited

Chartered Accountants and

Statutory Auditors

4 Claridge Court

Lower Kings Road

Berkhamsted

Hertfordshire

HP4 2AF

FIXED ASSETS

Tangible assets

4

4,532

6,042

CURRENT ASSETS

Debtors

5

99,764

82,096

Cash at bank

363,367

260,063

463,131

342,159

CREDITORS

Amounts falling due within one year

6

437,151

315,054

NET CURRENT ASSETS

25,980

27,105

TOTAL ASSETS LESS CURRENT LIABILITIES

30,512

33,147

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

30,510

33,145

SHAREHOLDERS' FUNDS

30,512

33,147

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 8 February 2024 and were signed by:

Mrs Helen Pitcher OBE - 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.

Cash at bank and in hand

Cash at bank and in hand includes cash held in short term deposit accounts or accounts with instant access.

Financial instruments - basic

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2022

and 30 June 2023

23,863

DEPRECIATION

At 1 July 2022

17,821

Charge for year

1,510

At 30 June 2023

19,331

NET BOOK VALUE

At 30 June 2023

4,532

At 30 June 2022

6,042

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Trade debtors

99,764

67,665

Other debtors

-

14,431

99,764

82,096

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Trade creditors

8,247

13,712

Amounts owed to group undertakings

274,204

278,674

Taxation and social security

17,280

10,078

Other creditors

137,420

12,590

437,151

315,054

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.23

30.6.22

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 FCA (Senior Statutory Auditor)

for and on behalf of Haines Watts (Berkhamsted) Limited

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 (2022 - £nil).

The director is also a director of Advance Boardroom Excellence Limited, a registered company. Kids Out Trading made net sales of £11,000 (2022:£20,000) to Advanced Boardroom Excellence Limited.

Kids Out Trading Limited is a wholly owned subsidiary of Kids Out UK. 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 £5,494 (2022 - £230,941) has been made since the year end but prior to the date of approval of the financial statements.