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REGISTERED NUMBER: 13283242 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

KOFEE LTD

KOFEE LTD (REGISTERED NUMBER: 13283242)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KOFEE LTD

Company Information
for the Year Ended 31 March 2023







DIRECTOR: J F Collins





REGISTERED OFFICE: 153-155 London Road
Hemel Hempstead
Hertfordshire





REGISTERED NUMBER: 13283242 (England and Wales)

KOFEE LTD (REGISTERED NUMBER: 13283242)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,370 4,233

CURRENT ASSETS
Stocks 14,339 10,193
Debtors 5 9,424 1,063
Cash at bank and in hand 10,677 6,145
34,440 17,401
CREDITORS
Amounts falling due within one year 6 84,513 46,877
NET CURRENT LIABILITIES (50,073 ) (29,476 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(46,703

)

(25,243

)

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (47,703 ) (26,243 )
(46,703 ) (25,243 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 16 October 2023 and were signed by:




J F Collins - Director


KOFEE LTD (REGISTERED NUMBER: 13283242)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Kofee Ltd 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.

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.

Going concern
The company's financial statements have been prepared on the going concern basis on the grounds that the current and future sources of funding or support will be more than adequate for the company's needs. In making their statement on going concern, the director is relying on the commitment made by Africa Build Ltd, a related party, that they will not seek repayment of the amount due to them until there are sufficient funds to repay the amounts owed (see note 8).

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

KOFEE LTD (REGISTERED NUMBER: 13283242)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 4,313
AMORTISATION
At 1 April 2022 80
Charge for year 863
At 31 March 2023 943
NET BOOK VALUE
At 31 March 2023 3,370
At 31 March 2022 4,233

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,081 360
Other debtors 1,343 703
9,424 1,063

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,181 -
Other creditors 77,332 46,877
84,513 46,877

7. RELATED PARTY DISCLOSURES

During the year, no services were supplied to the company by Africa Build Ltd, a company of which the director has control (2022: £5,699).

At the balance sheet date, the company owed £73,339 (2022: £46,838) to Africa Build Ltd.

During the year, services worth £1,508 (2022: £Nil) were supplied to the company by Africa Supplies Ltd, a company of which the director has control.

At the balance sheet date, the company owed £1,890 (2022: £Nil) to Africa Supplies Ltd.