Company Registration No. 13581257 (England and Wales)
KURUMA FACTORY LTD
Unaudited accounts
for the year ended 31 August 2023
KURUMA FACTORY LTD
Unaudited accounts
Contents
KURUMA FACTORY LTD
Company Information
for the year ended 31 August 2023
Director
LOVELOCK, Wayne Stephen
Company Number
13581257 (England and Wales)
Registered Office
182 ABINGDON ROAD
DIDCOT
OX11 9BP
ENGLAND
Accountants
J JENKIN & ASSOCIATES LIMITED
POST OFFICE VAULTS
4 MARKET PLACE
WANTAGE
OXFORDSHIRE
OX12 8AT
KURUMA FACTORY LTD
Statement of financial position
as at 31 August 2023
Cash at bank and in hand
1,306
1,412
Creditors: amounts falling due within one year
(10,348)
(8,376)
Net current assets
958
550
Called up share capital
1
1
Profit and loss account
957
549
Shareholders' funds
958
550
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 October 2023 and were signed on its behalf by
LOVELOCK, Wayne Stephen
Director
Company Registration No. 13581257
KURUMA FACTORY LTD
Notes to the Accounts
for the year ended 31 August 2023
KURUMA FACTORY LTD is a private company, limited by shares, registered in England and Wales, registration number 13581257. The registered office is 182 ABINGDON ROAD, DIDCOT, OX11 9BP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Amounts falling due within one year
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
96
129
Loans from directors
9,502
7,497
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).