Caseware UK (AP4) 2023.0.135 2023.0.135 false2023-01-01No description of principal activity1818falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12595044 2023-01-01 2023-12-31 12595044 2022-01-01 2022-12-31 12595044 2023-12-31 12595044 2022-12-31 12595044 c:Director1 2023-01-01 2023-12-31 12595044 c:Director2 2023-01-01 2023-12-31 12595044 d:OfficeEquipment 2023-01-01 2023-12-31 12595044 d:OfficeEquipment 2023-12-31 12595044 d:OfficeEquipment 2022-12-31 12595044 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12595044 d:CurrentFinancialInstruments 2023-12-31 12595044 d:CurrentFinancialInstruments 2022-12-31 12595044 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12595044 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12595044 d:ShareCapital 2023-12-31 12595044 d:ShareCapital 2022-12-31 12595044 d:RetainedEarningsAccumulatedLosses 2023-12-31 12595044 d:RetainedEarningsAccumulatedLosses 2022-12-31 12595044 c:FRS102 2023-01-01 2023-12-31 12595044 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12595044 c:FullAccounts 2023-01-01 2023-12-31 12595044 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 12595044










KFSD LTD








Unaudited

Financial statements

Information for filing with the registrar

For the Period Ended 31 December 2023

 
KFSD LTD
Registered number: 12595044

Balance sheet
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,456
1,941

  
1,456
1,941

Current assets
  

Stocks
  
168,361
212,389

Debtors: amounts falling due within one year
 5 
654,196
667,676

Cash at bank and in hand
  
188,771
256,803

  
1,011,328
1,136,868

Creditors: amounts falling due within one year
 6 
(660,365)
(875,334)

Net current assets
  
 
 
350,963
 
 
261,534

Total assets less current liabilities
  
352,419
263,475

  

Net assets
  
352,419
263,475


Capital and reserves
  

Called up share capital 
  
400
400

Profit and loss account
  
352,019
263,075

  
352,419
263,475


The directors consider 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 directors acknowledge their 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 comprehensive income 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 on 31 July 2024.


Page 1

 
KFSD LTD
Registered number: 12595044
    
Balance sheet (continued)
As at 31 December 2023


P Gupta
M Nimmo
Director
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
KFSD LTD
 
 
 
Notes to the financial statements
For the Period Ended 31 December 2023

1.


General information

KFSD Ltd is a private company limited by shares and registered in England and Wales. The registered
address is at Rear Entrance 123 Clapton Common, London, E5 9AB.

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

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
KFSD LTD
 
 
 
Notes to the financial statements
For the Period Ended 31 December 2023

2.Accounting policies (continued)

 
2.5

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%

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.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the period was 18 (2022 - 18).

Page 4

 
KFSD LTD
 
 
 
Notes to the financial statements
For the Period Ended 31 December 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2023
4,600



At 31 December 2023

4,600



Depreciation


At 1 January 2023
2,659


Charge for the period on owned assets
485



At 31 December 2023

3,144



Net book value



At 31 December 2023
1,456


5.


Debtors

2023
2022
£
£


Trade debtors
648,787
662,192

Other debtors
5,409
5,484

654,196
667,676



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
545,513
755,926

Corporation tax
27,618
34,624

Other taxation and social security
76,544
67,893

Other creditors
7,490
13,691

Accruals and deferred income
3,200
3,200

660,365
875,334


Page 5

 
KFSD LTD
 
 
Page 6