KONATE GROUP CORPORATION LTD

Company Registration Number:
11928263 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2023

Period of accounts

Start date: 1 May 2022

End date: 30 April 2023

KONATE GROUP CORPORATION LTD

Contents of the Financial Statements

for the Period Ended 30 April 2023

Balance sheet
Additional notes
Balance sheet notes

KONATE GROUP CORPORATION LTD

Balance sheet

As at 30 April 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 5,000
Fixed assets
Intangible assets: 3 350,000 25,000
Tangible assets: 4 350,000 35,000
Investments: 5 275,000 250,000
Total fixed assets: 975,000 310,000
Current assets
Debtors: 6 275,000 85,000
Cash at bank and in hand: 400,000 250,000
Investments: 7 275,000 250,000
Total current assets: 950,000 585,000
Prepayments and accrued income: 72,400 32,000
Creditors: amounts falling due within one year: 8 ( 425,000 ) ( 200,000 )
Net current assets (liabilities): 597,400 417,000
Total assets less current liabilities: 1,572,400 732,000
Creditors: amounts falling due after more than one year: 9 ( 425,000 ) ( 635,000 )
Provision for liabilities: ( 22,000 ) ( 8,000 )
Accruals and deferred income: ( 14,300 ) ( 6,000 )
Total net assets (liabilities): 1,111,100 83,000
Capital and reserves
Called up share capital: 1,111,100 5,000
Profit and loss account: 78,000
Total Shareholders' funds: 1,111,100 83,000

The notes form part of these financial statements

KONATE GROUP CORPORATION LTD

Balance sheet statements

For the year ending 30 April 2023 the company was entitled to exemption 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 10 June 2024
and signed on behalf of the board by:

Name: Moussa Konate
Status: Director

The notes form part of these financial statements

KONATE GROUP CORPORATION LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

KONATE GROUP CORPORATION LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

KONATE GROUP CORPORATION LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 May 2022 16,200 8,800 25,000
Additions 325,000 325,000
Disposals
Revaluations
Transfers
At 30 April 2023 341,200 8,800 350,000
Amortisation
At 1 May 2022 0 0 0
Charge for year
On disposals
Other adjustments
At 30 April 2023 0 0 0
Net book value
At 30 April 2023 341,200 8,800 350,000
At 30 April 2022 16,200 8,800 25,000

KONATE GROUP CORPORATION LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2022 3,200 8,105 0 7,195 16,500 35,000
Additions 4,500 43,105 12,395 95,000 195,000 350,000
Disposals ( 1,800 ) ( 1,500 ) ( 3,300 )
Revaluations 1,900 1,400 3,300
Transfers
At 30 April 2023 7,700 49,410 12,395 102,595 212,900 385,000
Depreciation
At 1 May 2022 0 0 0 0 0 0
Charge for year
On disposals
Other adjustments 3,200 14,410 5,590 11,800 35,000
At 30 April 2023 3,200 14,410 0 5,590 11,800 35,000
Net book value
At 30 April 2023 4,500 35,000 12,395 97,005 201,100 350,000
At 30 April 2022 3,200 8,105 0 7,195 16,500 35,000

KONATE GROUP CORPORATION LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

5. Fixed assets investments note

20000

KONATE GROUP CORPORATION LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

6. Debtors

2023 2022
£ £
Trade debtors 105,000 85,000
Other debtors 170,000
Total 275,000 85,000

KONATE GROUP CORPORATION LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

7. Current assets investments note

275000

KONATE GROUP CORPORATION LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

8. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 425,000 200,000
Accruals and deferred income 0 0
Total 425,000 200,000

KONATE GROUP CORPORATION LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

9. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Other creditors 425,000 635,000
Total 425,000 635,000