1 September 2022 false No description of principal activity Taxfiler 2024.1 SC198486business:PrivateLimitedCompanyLtd2022-09-012023-08-31 SC1984862022-08-31 SC1984862022-09-012023-08-31 SC198486business:AuditExemptWithAccountantsReport2022-09-012023-08-31 SC198486business:FilletedAccounts2022-09-012023-08-31 SC1984862023-08-31 SC198486business:Director12022-09-012023-08-31 SC198486business:Director22022-09-012023-08-31 SC198486business:RegisteredOffice2022-09-012023-08-31 SC1984862022-08-31 SC198486core:WithinOneYear2023-08-31 SC198486core:WithinOneYear2022-08-31 SC198486core:AfterOneYear2023-08-31 SC198486core:AfterOneYear2022-08-31 SC198486core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 SC198486core:ShareCapitalcore:PreviouslyStatedAmount2022-08-31 SC198486core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 SC198486core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-08-31 SC198486core:PreviouslyStatedAmount2023-08-31 SC198486core:PreviouslyStatedAmount2022-08-31 SC198486business:SmallEntities2022-09-012023-08-31 SC198486countries:Scotland2022-09-012023-08-31 SC198486core:LandBuildings2022-09-012023-08-31 SC198486core:PlantMachinery2022-09-012023-08-31 SC198486core:MotorVehicles2022-09-012023-08-31 SC198486core:Goodwill2022-08-31 SC198486core:Goodwill2023-08-31 SC198486core:Goodwill2022-09-012023-08-31 SC198486core:LandBuildings2022-08-31 SC198486core:MotorVehicles2022-08-31 SC198486core:FurnitureFittings2022-08-31 SC198486core:FurnitureFittings2022-09-012023-08-31 SC198486core:LandBuildings2023-08-31 SC198486core:MotorVehicles2023-08-31 SC198486core:FurnitureFittings2023-08-31 SC198486business:OrdinaryShareClass12022-09-012023-08-31 SC198486business:OrdinaryShareClass12021-09-012022-08-31 SC198486business:Director112022-09-012023-08-31 SC198486business:Director112022-08-31 SC198486business:Director112023-08-31 SC1984862021-09-012022-08-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC198486 (Scotland)
KAVA LIMITED Unaudited accounts for the year ended 31 August 2023
KAVA LIMITED Unaudited accounts Contents
Page
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KAVA LIMITED Company Information for the year ended 31 August 2023
Directors
Mr E Ecrepont Mrs F Ecrepont
Company Number
SC198486 (Scotland)
Registered Office
57 FORT STREET AYR KA7 1DH
Accountants
McMorland & Co FTCA Limited 24 York Street Ayr KA8 8AZ
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KAVA LIMITED Accountants' report
Accountants' report to the board of directors of KAVA LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 August 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of KAVA LIMITED for the year ended 31 August 2023 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of KAVA LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of KAVA LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KAVA LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that KAVA LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of KAVA LIMITED. You consider that KAVA LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of KAVA LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
McMorland & Co FTCA Limited 24 York Street Ayr KA8 8AZ 3 April 2024
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KAVA LIMITED Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
1 
2,700 
Tangible assets
8,088 
13,153 
Investments
1,000 
1,000 
9,089 
16,853 
Current assets
Inventories
2,100 
2,100 
Debtors
9,034 
13,797 
Cash at bank and in hand
35,584 
29,056 
46,718 
44,953 
Creditors: amounts falling due within one year
(32,953)
(28,065)
Net current assets
13,765 
16,888 
Total assets less current liabilities
22,854 
33,741 
Creditors: amounts falling due after more than one year
(8,750)
(13,750)
Net assets
14,104 
19,991 
Capital and reserves
Called up share capital
20,000 
20,000 
Profit and loss account
(5,896)
(9)
Shareholders' funds
14,104 
19,991 
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 directors acknowledge their 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 of Directors and authorised for issue on 3 April 2024 and were signed on its behalf by
Mr E Ecrepont Director Company Registration No. SC198486
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KAVA LIMITED Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
KAVA LIMITED is a private company, limited by shares, registered in Scotland, registration number SC198486. The registered office is 57 FORT STREET, AYR, KA7 1DH.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% on cost
Plant & machinery
20% on cost
Motor vehicles
33% on cost
Investments
Investments in shares are included at fair value.
Stocks
Stock has been valued at the lower of cost and estimated selling price less costs to complete and sell.
Taxation
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
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KAVA LIMITED Notes to the Accounts for the year ended 31 August 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2022
67,500 
At 31 August 2023
67,500 
Amortisation
At 1 September 2022
64,800 
Charge for the year
2,699 
At 31 August 2023
67,499 
Net book value
At 31 August 2023
1 
At 31 August 2022
2,700 
5
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2022
3,505 
8,500 
50,503 
62,508 
Additions
- 
- 
922 
922 
At 31 August 2023
3,505 
8,500 
51,425 
63,430 
Depreciation
At 1 September 2022
3,284 
3,513 
42,558 
49,355 
Charge for the year
176 
2,805 
3,006 
5,987 
At 31 August 2023
3,460 
6,318 
45,564 
55,342 
Net book value
At 31 August 2023
45 
2,182 
5,861 
8,088 
At 31 August 2022
221 
4,987 
7,945 
13,153 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 September 2022
1,000 
Valuation at 31 August 2023
1,000 
7
Inventories
2023 
2022 
£ 
£ 
Finished goods
2,100 
2,100 
2,100 
2,100 
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KAVA LIMITED Notes to the Accounts for the year ended 31 August 2023
8
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
9,034 
13,797 
9
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,000 
5,000 
Trade creditors
15,418 
5,305 
Taxes and social security
4,535 
7,453 
Other creditors
8,000 
10,307 
32,953 
28,065 
10
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
8,750 
13,750 
11
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
20,000 Ordinary shares of £1 each
20,000 
20,000 
12
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr E Ecrepont
Directors Loan
9,234 
33,764 
37,826 
5,172 
9,234 
33,764 
37,826 
5,172 
13
Transactions with related parties
The company has a liability of £950 owed to Mr M McCoard at the period end (2022 - £2,550).
14
Average number of employees
During the year the average number of employees was 7 (2022: 7).
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