Kutz (Barrow) Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04457044 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

KUTZ (BARROW) LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs K A Yung

SECRETARY:

Mr Y L Yung

REGISTERED OFFICE:

41 Crellin Street

Barrow-in-Furness

Cumbria

LA14 1DS

REGISTERED NUMBER:

04457044 (England and Wales)

BANKERS:

Lloyds Bank plc

121-135 Dalton Road

Barrow-in-Furness

Cumbria

LA14 1HZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

9,087

11,509

9,087

11,509

CURRENT ASSETS

Stocks

150

150

Debtors

3,343

8,820

Cash in hand

10,414

1,609

13,907

10,579

CREDITORS

Amounts falling due within one year

14,289

11,815

NET CURRENT LIABILITIES

(382

)

(1,236

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,705

10,273

CREDITORS

Amounts falling due after more than one year

6

7,988

9,804

NET ASSETS

717

469

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

617

369

SHAREHOLDERS' FUNDS

717

469

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 May 2024 and were signed by:

Mrs K A Yung - Director

1.	STATUTORY INFORMATION

Kutz (Barrow) 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.

The financial statements have been prepared on the going concern basis the director having agreed to continue to support the company.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold property

-

10% on cost

Improvements to property

-

10% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

10% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2022

and 31 July 2023

7,500

AMORTISATION

At 1 August 2022

and 31 July 2023

7,500

NET BOOK VALUE

At 31 July 2023

-

At 31 July 2022

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2022

and 31 July 2023

46,770

DEPRECIATION

At 1 August 2022

35,261

Charge for year

2,422

At 31 July 2023

37,683

NET BOOK VALUE

At 31 July 2023

9,087

At 31 July 2022

11,509

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.7.23

31.7.22

£

£

Repayable by instalments

Bank loans more 5 yr by instal

-

2,646

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.23

31.7.22

value:

£

£

100

Ordinary

£1

100

100

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23

31.7.22

£

£

Mrs K A Yung

Balance outstanding at start of year

8,820

16,263

Amounts advanced

3,343

8,820

Amounts repaid

(8,820

)

(16,263

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,343

8,820

During the financial year the director was charged £55 (2022: £249) interest on the loan which is unsecured and repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs K A Yung.