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Kosibah Creations Ltd
Registered Number:04508000
For the year ended 31 August 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2023
Kosibah Creations Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
04508000
As at 31 August 2023
Kosibah Creations Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
49,991
51,587
2
49,991
51,587
Current assets
Inventories
11,000
8,000
3
31
Cash and cash equivalents
839
8,839
11,031
Trade and other payables: amounts falling due within one
year
(603)
(1,386)
4
10,428
7,453
Net current assets
Total assets less current liabilities
57,444
62,015
Trade and other payables: amounts falling due after more
than one year
(235,898)
(244,408)
5
(186,964)
Net liabilities
(173,883)
Capital and reserves
Called up share capital
100
100
Retained earnings
(187,064)
(173,983)
(186,964)
(173,883)
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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
Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Adeyemi Osunkoya Director
These financial statements were approved and authorised for issue by the Board on 21 January 2024 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 31 August 2023
Kosibah Creations Ltd
Notes to the Financial Statements
Statutory Information
Kosibah Creations Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 04508000.
Principal place of business:
Studio 7
44 St Paul's Crescent
London
NW1 9TN
Registered address:
5 Whytecliffe Road South
Purley
Surrey
CR8 2AY
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
2% Straight line
Plant and machinery
20% Reducing balance
20% Reducing balance
Computer equipment
20% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2 of 4
5
For the year ended 31 August 2023
Kosibah Creations Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Plant and
machinery
Land and
buildings
£
£
£
£
£
Cost or
valuation
At 01 September 2022
85,920
872
3,698
3,483
77,867
At 31 August 2023
3,483
3,698
872
85,920
77,867
Provision for depreciation and impairment
At 01 September 2022
34,333
802
3,663
3,394
26,474
Charge for year
1,596
14
7
18
1,557
At 31 August 2023
35,929
816
3,670
3,412
28,031
At 31 August 2023
Net book value
49,836
71
28
56
49,991
At 31 August 2022
51,393
89
35
70
51,587
3. Inventories
2022
2023
£
£
Stocks
8,000
11,000
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
-
250
Trade creditors
(1)
-
Other creditors
1,387
353
1,386
603
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Other creditors
244,408
235,898
6. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
3 of 4
6
For the year ended 31 August 2023
Kosibah Creations Ltd
Notes to the Financial Statements Continued
4 of 4