Registered Number:04508000 |
For the year ended 31 August 2023
England and Wales
Unaudited Financial Statements
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
Kosibah Creations Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
49,991
51,587
2
49,991
51,587
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)
100
100
(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 |
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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
5 Whytecliffe Road South
Purley
Surrey
CR8 2AY
The presentation currency is £ sterling. |
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
Plant and machinery
Computer equipment
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
For the year ended 31 August 2023
Kosibah Creations Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
85,920
872
3,698
3,483
77,867
3,483
3,698
872
85,920
77,867
Provision for depreciation and impairment |
34,333
802
3,663
3,394
26,474
Charge for year
1,596
14
7
18
1,557
35,929
816
3,670
3,412
28,031
49,836
71
28
56
49,991
51,393
89
35
70
51,587
2022
2023
8,000
11,000
4. Trade and other payables: amounts falling due within one year |
2022
2023
-
250
(1)
-
1,387
353
1,386
603
5. Trade and other payables: amounts falling due after more than one year |
2022
2023
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
For the year ended 31 August 2023
Kosibah Creations Ltd
Notes to the Financial Statements Continued
4 of 4