KIMBERLEY_HOLLAND_HOLDING - Accounts


Company Registration No. 07650748 (England and Wales)
KIMBERLEY HOLLAND HOLDINGS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2023
30 April 2023
PAGES FOR FILING WITH REGISTRAR
PM+M Solutions for Business LLP
Chartered Accountants
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
KIMBERLEY HOLLAND HOLDINGS LTD
COMPANY INFORMATION
Directors
Mr A M Holland
Mr C Holland
Mr M Conyers
(Appointed 16 August 2023)
Mr C Sullivan
(Appointed 16 August 2023)
Company number
07650748
Registered office
c/o PM+M
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
Accountants
PM+M Solutions for Business LLP
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
KIMBERLEY HOLLAND HOLDINGS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
KIMBERLEY HOLLAND HOLDINGS LTD
BALANCE SHEET
AS AT
30 APRIL 2023
30 April 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
31,500
35,000
Tangible assets
4
14,319
20,380
Investments
5
1
1
45,820
55,381
Current assets
Debtors
6
63,564
56,979
Cash at bank and in hand
2
5
63,566
56,984
Creditors: amounts falling due within one year
7
(94,066)
(117,858)
Net current liabilities
(30,500)
(60,874)
Total assets less current liabilities
15,320
(5,493)
Creditors: amounts falling due after more than one year
8
(5,566)
(7,645)
Provisions for liabilities
(2,721)
(3,871)
Net assets/(liabilities)
7,033
(17,009)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
7,031
(17,011)
Total equity
7,033
(17,009)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

KIMBERLEY HOLLAND HOLDINGS LTD
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2023
30 April 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 3 November 2023 and are signed on its behalf by:
Mr A M Holland
Director
Company Registration No. 07650748
KIMBERLEY HOLLAND HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
- 3 -
1
Accounting policies
Company information

Kimberley Holland Holdings Ltd is a private company limited by shares incorporated in England and Wales. The registered office is c/o PM+M, New Century House, Greenbank Technology Park, Challenge Way, Blackburn, Lancashire, BB1 5QB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements contain information about Kimberley Holland Holdings Ltd as an individual company

and do not contain consolidated financial information as the parent of a group. The company is exempt under

Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

 

1.2
Going concern

During the year the company met its day to day working capital requirements by the financial support of a subsidiary company.

 

On this basis, the directors consider it appropriate to prepare the accounts on the going concern basis.

 

The financial statements do not include any adjustments that would result from the withdrawal of this support.

1.3
Intangible fixed assets other than goodwill

Intellectual property is being amortised evenly over its estimated useful life of twenty years.

1.4
Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website
20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Fixed asset investments

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

KIMBERLEY HOLLAND HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Intangible fixed assets
Intellectual property
£
Cost
At 1 May 2022 and 30 April 2023
70,000
Amortisation and impairment
At 1 May 2022
35,000
Amortisation charged for the year
3,500
At 30 April 2023
38,500
Carrying amount
At 30 April 2023
31,500
At 30 April 2022
35,000
KIMBERLEY HOLLAND HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
- 5 -
4
Tangible fixed assets
Website
£
Cost
At 1 May 2022 and 30 April 2023
66,138
Depreciation and impairment
At 1 May 2022
45,758
Depreciation charged in the year
6,061
At 30 April 2023
51,819
Carrying amount
At 30 April 2023
14,319
At 30 April 2022
20,380
5
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
1
1
6
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
63,564
56,979
7
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
1,972
1,903
Amounts owed to group undertakings
53,823
44,189
Taxation and social security
19,213
14,321
Other creditors
19,058
57,445
94,066
117,858
KIMBERLEY HOLLAND HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
- 6 -
8
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
5,566
7,325
Other creditors
-
0
320
5,566
7,645
9
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Loan to Mr A M Holland
-
12,454
15,650
(28,104)
-
Loan to Mr C Holland
-
29,980
33,885
(20,096)
43,769
42,434
49,535
(48,200)
43,769
10
Secured debts

Other creditors totalling £1,048 (2022 - £6,320) are secured by a fixed floating charge over the assets of the company.

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