Caseware UK (AP4) 2022.0.179 2022.0.179 2022-09-302022-09-302021-10-01falseFashion designer8true4falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08885938 2021-10-01 2022-09-30 08885938 2020-10-01 2021-09-30 08885938 2022-09-30 08885938 2021-09-30 08885938 c:Director1 2021-10-01 2022-09-30 08885938 d:FurnitureFittings 2021-10-01 2022-09-30 08885938 d:FurnitureFittings 2022-09-30 08885938 d:FurnitureFittings 2021-09-30 08885938 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-10-01 2022-09-30 08885938 d:CurrentFinancialInstruments 2022-09-30 08885938 d:CurrentFinancialInstruments 2021-09-30 08885938 d:Non-currentFinancialInstruments 2022-09-30 08885938 d:Non-currentFinancialInstruments 2021-09-30 08885938 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 08885938 d:CurrentFinancialInstruments d:WithinOneYear 2021-09-30 08885938 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 08885938 d:Non-currentFinancialInstruments d:AfterOneYear 2021-09-30 08885938 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-09-30 08885938 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-09-30 08885938 d:ShareCapital 2022-09-30 08885938 d:ShareCapital 2021-09-30 08885938 d:RetainedEarningsAccumulatedLosses 2022-09-30 08885938 d:RetainedEarningsAccumulatedLosses 2021-09-30 08885938 c:FRS102 2021-10-01 2022-09-30 08885938 c:AuditExempt-NoAccountantsReport 2021-10-01 2022-09-30 08885938 c:FullAccounts 2021-10-01 2022-09-30 08885938 c:PrivateLimitedCompanyLtd 2021-10-01 2022-09-30 iso4217:GBP xbrli:pure
Registered number: 08885938






KAMROS BASILDON LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022










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KAMROS BASILDON LIMITED
REGISTERED NUMBER:08885938

BALANCE SHEET
AS AT 30 SEPTEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,068
-

  
4,068
-

Current assets
  

Debtors: amounts falling due within one year
 5 
762,892
404,227

Cash at bank and in hand
 6 
8,628
539

  
771,520
404,766

Creditors: amounts falling due within one year
 7 
(751,110)
(392,964)

Net current assets
  
 
 
20,410
 
 
11,802

Total assets less current liabilities
  
24,478
11,802

Creditors: amounts falling due after more than one year
  
(32,199)
(42,642)

  

Net liabilities
  
(7,721)
(30,840)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(7,821)
(30,940)

  
(7,721)
(30,840)


Page 1

 
KAMROS BASILDON LIMITED
REGISTERED NUMBER:08885938
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



A Shamji
Director

Date: 29 September 2023

Page 2

 
KAMROS BASILDON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

1.


General information

Kamros Basildon Limited is a private company limited by shares incorporated in England and Wales. The Registered Office is 186 Bridport Road, Unit 2 Fred Perry Bldg, London, N18 1SJ. The principal activity of the company is a clothing designer.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

Although the company has net liabilities, the financial statements are prepared on a going concern
basis due to the continued support of the directors. 

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
KAMROS BASILDON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

2.Accounting policies (continued)

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
KAMROS BASILDON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

2.Accounting policies (continued)

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts
Page 5

 
KAMROS BASILDON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

2.Accounting policies (continued)


2.12
Financial instruments (continued)

discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2021 -4).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


Additions
4,639



At 30 September 2022

4,639



Depreciation


Charge for the year on owned assets
571



At 30 September 2022

571



Net book value



At 30 September 2022
4,068



At 30 September 2021
-

Page 6

 
KAMROS BASILDON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

5.


Debtors

2022
2021
£
£


Amounts owed by connected companies
594,637
-

Other debtors
74,377
62,512

Called up share capital not paid
100
100

Prepayments and accrued income
12,757
257,814

Amounts recoverable on long-term contracts
81,021
83,801

762,892
404,227



6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
8,628
539

8,628
539



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank loans
10,443
7,358

Trade creditors
58,466
99,099

Amounts owed to group undertakings
291,858
-

Amounts owed to other participating interests
-
201,723

Other taxation and social security
349,340
70,323

Other creditors
37,003
11,761

Accruals and deferred income
4,000
2,700

751,110
392,964



8.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
32,199
42,642

32,199
42,642


Page 7

 
KAMROS BASILDON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

9.


Loans


Analysis of the maturity of loans is given below:


2022
2021
£
£

Amounts falling due within one year

Bank loans
10,443
7,358

Amounts falling due 1-2 years

Bank loans
32,199
42,642



42,642
50,000



10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held
separately from those of the Company in an independently administered fund. The pension liability at the year end amounted to £1,807 (2021: £5,654). The pension cost charge represents contributions payable by the Company to the fund and amounted to £6,328 (2021: £2,783).

 
Page 8