1 June 2022 false No description of principal activity Taxfiler 2023.15 12026858business:PrivateLimitedCompanyLtd2022-06-012023-05-31 120268582022-05-31 120268582022-06-012023-05-31 12026858business:AuditExempt-NoAccountantsReport2022-06-012023-05-31 12026858business:FilletedAccounts2022-06-012023-05-31 120268582023-05-31 12026858business:Director12022-06-012023-05-31 12026858business:RegisteredOffice2022-06-012023-05-31 120268582022-05-31 12026858core:WithinOneYear2023-05-31 12026858core:WithinOneYear2022-05-31 12026858core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 12026858core:ShareCapitalcore:PreviouslyStatedAmount2022-05-31 12026858core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 12026858core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-05-31 12026858core:PreviouslyStatedAmount2023-05-31 12026858core:PreviouslyStatedAmount2022-05-31 12026858business:SmallEntities2022-06-012023-05-31 12026858countries:EnglandWales2022-06-012023-05-31 12026858core:PlantMachinery2022-05-31 12026858core:MotorVehicles2022-05-31 12026858core:PlantMachinery2023-05-31 12026858core:MotorVehicles2023-05-31 12026858core:PlantMachinery2022-06-012023-05-31 12026858core:MotorVehicles2022-06-012023-05-31 120268582021-06-012022-05-31 iso4217:GBP xbrli:pure
Company Registration No. 12026858 (England and Wales)
Kwaso Trading Ltd Unaudited accounts for the year ended 31 May 2023
Kwaso Trading Ltd Unaudited accounts Contents
Page
- 2 -
Kwaso Trading Ltd Company Information for the year ended 31 May 2023
Director
Alan Asaw
Company Number
12026858 (England and Wales)
Registered Office
KWASO TRADING, 204 RIDLEY ROAD LONDON LONDON E8 2NH UNITED KINGDOM
- 3 -
Kwaso Trading Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,042 
6,764 
Current assets
Debtors
278 
100 
Cash at bank and in hand
135,345 
18,623 
135,623 
18,723 
Creditors: amounts falling due within one year
(212,244)
(166,673)
Net current liabilities
(76,621)
(147,950)
Net liabilities
(71,579)
(141,186)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(71,679)
(141,286)
Shareholders' funds
(71,579)
(141,186)
For the year ending 31 May 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 29 March 2024 and were signed on its behalf by
Alan Asaw Director Company Registration No. 12026858
- 4 -
Kwaso Trading Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Kwaso Trading Ltd is a private company, limited by shares, registered in England and Wales, registration number 12026858. The registered office is KWASO TRADING, 204, RIDLEY ROAD, LONDON, LONDON, E8 2NH, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
4,081 
6,990 
11,071 
At 31 May 2023
4,081 
6,990 
11,071 
Depreciation
At 1 June 2022
1,806 
2,501 
4,307 
Charge for the year
600 
1,122 
1,722 
At 31 May 2023
2,406 
3,623 
6,029 
Net book value
At 31 May 2023
1,675 
3,367 
5,042 
At 31 May 2022
2,275 
4,489 
6,764 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
178 
- 
Other debtors
100 
100 
278 
100 
- 5 -
Kwaso Trading Ltd Notes to the Accounts for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
41,823 
40,778 
VAT
68,065 
39,473 
Trade creditors
- 
17,305 
Taxes and social security
(2,678)
1,247 
Other creditors
50,926 
50,925 
Loans from directors
54,108 
16,945 
212,244 
166,673 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
- 6 -