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
Kwaso Trading Ltd
Company Information
for the year ended 31 May 2023
Company Number
12026858 (England and Wales)
Registered Office
KWASO TRADING, 204
RIDLEY ROAD
LONDON
LONDON
E8 2NH
UNITED KINGDOM
Kwaso Trading Ltd
Statement of financial position
as at 31 May 2023
Tangible assets
5,042
6,764
Cash at bank and in hand
135,345
18,623
Creditors: amounts falling due within one year
(212,244)
(166,673)
Net current liabilities
(76,621)
(147,950)
Net liabilities
(71,579)
(141,186)
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
Kwaso Trading Ltd
Notes to the Accounts
for the year ended 31 May 2023
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.
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.
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
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
At 31 May 2023
1,675
3,367
5,042
At 31 May 2022
2,275
4,489
6,764
Amounts falling due within one year
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
Taxes and social security
(2,678)
1,247
Other creditors
50,926
50,925
Loans from directors
54,108
16,945
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Average number of employees
During the year the average number of employees was 0 (2022: 0).