Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312022-10-01falseFashion designer198falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08885938 2022-10-01 2023-12-31 08885938 2021-10-01 2022-09-30 08885938 2023-12-31 08885938 2022-09-30 08885938 c:Director2 2022-10-01 2023-12-31 08885938 d:FurnitureFittings 2022-10-01 2023-12-31 08885938 d:FurnitureFittings 2023-12-31 08885938 d:FurnitureFittings 2022-09-30 08885938 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-10-01 2023-12-31 08885938 d:CurrentFinancialInstruments 2023-12-31 08885938 d:CurrentFinancialInstruments 2022-09-30 08885938 d:Non-currentFinancialInstruments 2023-12-31 08885938 d:Non-currentFinancialInstruments 2022-09-30 08885938 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08885938 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 08885938 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 08885938 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 08885938 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 08885938 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-09-30 08885938 d:ShareCapital 2023-12-31 08885938 d:ShareCapital 2022-09-30 08885938 d:RetainedEarningsAccumulatedLosses 2023-12-31 08885938 d:RetainedEarningsAccumulatedLosses 2022-09-30 08885938 c:FRS102 2022-10-01 2023-12-31 08885938 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-12-31 08885938 c:FullAccounts 2022-10-01 2023-12-31 08885938 c:PrivateLimitedCompanyLtd 2022-10-01 2023-12-31 08885938 e:PoundSterling 2022-10-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 08885938






KAMROS BASILDON LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023










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KAMROS BASILDON LIMITED
REGISTERED NUMBER:08885938

BALANCE SHEET
AS AT 31 DECEMBER 2023

31 December
30 September
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
18,689
4,068

  
18,689
4,068

Current assets
  

Debtors: amounts falling due within one year
 5 
1,705,591
762,892

Cash at bank and in hand
 6 
1,244
8,628

  
1,706,835
771,520

Creditors: amounts falling due within one year
 7 
(1,814,701)
(751,110)

Net current (liabilities)/assets
  
 
 
(107,866)
 
 
20,410

Total assets less current liabilities
  
(89,177)
24,478

Creditors: amounts falling due after more than one year
  
-
(32,199)

  

Net liabilities
  
(89,177)
(7,721)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(89,277)
(7,821)

  
(89,177)
(7,721)

Page 1

 
KAMROS BASILDON LIMITED
REGISTERED NUMBER:08885938
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



Z J Shamji
Director

Date: 26 April 2024

Page 2

 
KAMROS BASILDON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Kamros Basildon Limited is a private company limited by shares incorporated in England and Wales. The Registered Office is 186 Bridport Road, Unit 2 Fred Perry Bldg, London, N18 1SJ. 
The principal activity of the company continued to be that of a clothing designer.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

Although the company has net liabilities, the financial statements are prepared on a going concern
basis due to the continued support of the directors. 

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
KAMROS BASILDON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
KAMROS BASILDON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried
Page 5

 
KAMROS BASILDON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.13
Financial instruments (continued)

at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the period was 19 (2022 -8).

Page 6

 
KAMROS BASILDON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Tangible fixed assets







Fixtures and fittings

£



Cost or valuation


At 1 October 2022
4,639


Additions
18,201



At 31 December 2023

22,840



Depreciation


At 1 October 2022
571


Charge for the period on owned assets
3,580



At 31 December 2023

4,151



Net book value



At 31 December 2023
18,689



At 30 September 2022
4,068


5.


Debtors

31 December
30 September
2023
2022
£
£


Other debtors
1,577,903
669,014

Called up share capital not paid
100
100

Prepayments and accrued income
127,588
12,757

Amounts recoverable on long-term contracts
-
81,021

1,705,591
762,892


Page 7

 
KAMROS BASILDON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

6.


Cash and cash equivalents

31 December
30 September
2023
2022
£
£

Cash at bank and in hand
1,244
8,628

1,244
8,628



7.


Creditors: Amounts falling due within one year

31 December
30 September
2023
2022
£
£

Bank loans
22,642
10,443

Trade creditors
92,396
58,466

Other taxation and social security
708,345
349,340

Other creditors
983,115
328,861

Accruals and deferred income
8,203
4,000

1,814,701
751,110



8.


Creditors: Amounts falling due after more than one year

31 December
30 September
2023
2022
£
£

Bank loans
-
32,199

-
32,199


Page 8

 
KAMROS BASILDON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


31 December
30 September
2023
2022
£
£

Amounts falling due within one year

Bank loans
22,642
10,443

Amounts falling due 1-2 years

Bank loans
-
32,199



22,642
42,642



10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held
separately from those of the Company in an independently administered fund. The pension liability at the year end amounted to £26,618 (2022: £1,807). The pension cost charge represents contributions payable by the Company to the fund and amounted to £18,457 (2022: £6,328).


11.


Related party transactions

At the Balance Sheet date, included within other debtors were amounts due from connected companies totalling £1,487,304 (2022: £59,637). The companies are connected through close family ownership and no interest is charged on the balance.
At the Balance Sheet date, included within other creditors were amounts due to a connected company totalling £898,954 (2022: £291,858). The company is connected through close family ownership and no interest is charged on the balance.
At the Balance Sheet date, included within other debtors are interest free loans to close family members totalling £60,261 (2022: £64,377).

 
Page 9