Registered number
09988954
KAYMAKS GROUP LIMITED
Filleted Accounts
28 February 2023
KAYMAKS GROUP LIMITED
Registered number: 09988954
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 250,000 250,000
Investments 4 50,675 54,500
300,675 304,500
Current assets
Stocks 17,800 16,000
Cash at bank and in hand 1,530 767
19,330 16,767
Creditors: amounts falling due within one year 5 (7,920) (2,404)
Net current assets 11,410 14,363
Total assets less current liabilities 312,085 318,863
Creditors: amounts falling due after more than one year 6 (301,704) (311,674)
Net assets 10,381 7,189
Capital and reserves
Called up share capital 100 100
Profit and loss account 10,281 7,089
Shareholders' funds 10,381 7,189
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Kaysor Khan
Director
Approved by the board on 10 November 2023
KAYMAKS GROUP LIMITED
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 March 2022 250,000
At 28 February 2023 250,000
Depreciation
At 28 February 2023 -
Net book value
At 28 February 2023 250,000
At 28 February 2022 250,000
4 Investments
Other
investments
£
Cost
At 1 March 2022 54,500
Disposals (3,825)
At 28 February 2023 50,675
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 787 1,204
Other creditors 7,133 1,200
7,920 2,404
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 34,806 43,734
Other creditors 266,898 267,940
301,704 311,674
7 Other information
KAYMAKS GROUP LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
434 High Street North
Manor Park
London
E12 6RH
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