Kmazur Limited 09881288 false 2020-12-01 2021-11-30 2021-11-30 The principal activity of the company is transportation. Digita Accounts Production Advanced 6.29.9459.0 true 09881288 2020-12-01 2021-11-30 09881288 2021-11-30 09881288 bus:Director1 1 2021-11-30 09881288 bus:Director2 2021-11-30 09881288 bus:OrdinaryShareClass1 2021-11-30 09881288 core:HirePurchaseContracts core:CurrentFinancialInstruments 2021-11-30 09881288 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2021-11-30 09881288 core:CurrentFinancialInstruments 2021-11-30 09881288 core:CurrentFinancialInstruments core:WithinOneYear 2021-11-30 09881288 core:Non-currentFinancialInstruments 2021-11-30 09881288 core:Non-currentFinancialInstruments core:AfterOneYear 2021-11-30 09881288 core:MotorVehicles 2021-11-30 09881288 bus:SmallEntities 2020-12-01 2021-11-30 09881288 bus:AuditExemptWithAccountantsReport 2020-12-01 2021-11-30 09881288 bus:FullAccounts 2020-12-01 2021-11-30 09881288 bus:SmallCompaniesRegimeForAccounts 2020-12-01 2021-11-30 09881288 bus:RegisteredOffice 2020-12-01 2021-11-30 09881288 bus:Director1 2020-12-01 2021-11-30 09881288 bus:Director1 1 2020-12-01 2021-11-30 09881288 bus:Director2 2020-12-01 2021-11-30 09881288 bus:OrdinaryShareClass1 2020-12-01 2021-11-30 09881288 bus:PrivateLimitedCompanyLtd 2020-12-01 2021-11-30 09881288 core:MotorVehicles 2020-12-01 2021-11-30 09881288 countries:AllCountries 2020-12-01 2021-11-30 09881288 2020-11-30 09881288 bus:Director1 1 2020-11-30 09881288 core:MotorVehicles 2020-11-30 09881288 2019-12-01 2020-11-30 09881288 2020-11-30 09881288 bus:OrdinaryShareClass1 2020-11-30 09881288 core:HirePurchaseContracts core:CurrentFinancialInstruments 2020-11-30 09881288 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2020-11-30 09881288 core:CurrentFinancialInstruments 2020-11-30 09881288 core:CurrentFinancialInstruments core:WithinOneYear 2020-11-30 09881288 core:Non-currentFinancialInstruments 2020-11-30 09881288 core:Non-currentFinancialInstruments core:AfterOneYear 2020-11-30 09881288 core:MotorVehicles 2020-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09881288

Kmazur Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2021

 

Kmazur Limited

Contents

Company Information

1

Directors' Report

2

Statement of Directors' Responsibilities

3

Balance Sheet

4 to 5

Notes to the Unaudited Financial Statements

6 to 11

 

Kmazur Limited

Company Information

Directors

Mr Konrad Mazur

Mrs Zaneta Mazur

Registered office

17 Cornfield
Dewsbury
WF13 3UZ

Accountants

KNBC Accounting Ltd
Third Floor
12 Groveland Court
London
EC4M 9EH

 

Kmazur Limited

Directors' Report for the Year Ended 30 November 2021

The directors present their report and the financial statements for the year ended 30 November 2021.

Director of the company

The director who held office during the year was as follows:

Mr Konrad Mazur

The following director was appointed after the year end:

Mrs Zaneta Mazur (appointed 17 April 2022)

Principal activity

The principal activity of the company is transportation.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 15 August 2022 and signed on its behalf by:

.........................................
Mr Konrad Mazur
Director

 

Kmazur Limited

Statement of Directors' Responsibilities

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

Kmazur Limited

(Registration number: 09881288)
Balance Sheet as at 30 November 2021

Note

2021
£

2020
£

Fixed assets

 

Tangible assets

4

163,452

163,769

Current assets

 

Debtors

5

80,237

139,462

Cash at bank and in hand

 

76,353

30,430

 

156,590

169,892

Creditors: Amounts falling due within one year

6

(120,192)

(81,009)

Net current assets

 

36,398

88,883

Total assets less current liabilities

 

199,850

252,652

Creditors: Amounts falling due after more than one year

6

(152,443)

(175,662)

Net assets

 

47,407

76,990

Capital and reserves

 

Called up share capital

7

100

100

Profit and loss account

47,307

76,890

Shareholders' funds

 

47,407

76,990

For the financial year ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 15 August 2022 and signed on its behalf by:
 

 

Kmazur Limited

(Registration number: 09881288)
Balance Sheet as at 30 November 2021

.........................................

Mr Konrad Mazur
Director

 

Kmazur Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
17 Cornfield
Dewsbury
WF13 3UZ
United Kingdom

These financial statements were authorised for issue by the Board on 15 August 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Kmazur Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

25% Reducing Balance Method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Kmazur Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2020 - 5).

 

Kmazur Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021

4

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2020

199,116

199,116

Additions

50,000

50,000

At 30 November 2021

249,116

249,116

Depreciation

At 1 December 2020

35,347

35,347

Charge for the year

50,317

50,317

At 30 November 2021

85,664

85,664

Carrying amount

At 30 November 2021

163,452

163,452

At 30 November 2020

163,769

163,769

5

Debtors

2021
£

2020
£

Trade debtors

70,658

35,117

Other debtors

9,579

104,345

80,237

139,462

6

Creditors

Creditors: amounts falling due within one year

Note

2021
£

2020
£

Due within one year

 

Loans and borrowings

8

55,004

36,504

Trade creditors

 

49,273

13,266

Taxation and social security

 

15,741

31,202

Other creditors

 

174

37

 

120,192

81,009

 

Kmazur Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021

Creditors: amounts falling due after more than one year

Note

2021
£

2020
£

Due after one year

 

Loans and borrowings

8

152,443

175,662

7

Share capital

Allotted, called up and fully paid shares

 

2021

2020

 

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

         

8

Loans and borrowings

2021
£

2020
£

Non-current loans and borrowings

Bank borrowings

35,000

50,000

Hire purchase contracts

117,443

125,662

152,443

175,662

2021
£

2020
£

Current loans and borrowings

Bank borrowings

10,000

-

Hire purchase contracts

45,004

36,504

55,004

36,504

 

Kmazur Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021

9

Related party transactions

Transactions with directors

2021

At 1 December 2020
£

Advances to directors
£

Repayments by director
£

At 30 November 2021
£

Mr Konrad Mazur

Directors Loan

78,750

9,580

(78,750)

9,580

         
       

 

The loan to director was £9,579.53. The repayment terms are in place and outstanding loan will be repaid before the due date.