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Registered number: 5622032
Kavin DS Ltd
Financial Statements
For The Year Ended 31 March 2024
Tamsons Accounting & Tax Consultancy Ltd
Financial Accountants'
53-55 College Road
Bromley
Kent
BR1 3QG
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Director Mr R Sugunakumar
Company Number 5622032
Registered Office 3 Copping Close
Croydon
CR0 5JZ
Business 165-167 New Cross Road
London
SE14 5DG
Accountants Tamsons Accounting & Tax Consultancy Ltd
Financial Accountants'
53-55 College Road
Bromley
Kent
BR1 3QG
Page 1
Page 2
Balance Sheet
Registered number: 5622032
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 40,000 40,000
Tangible Assets 5 9,685 11,812
49,685 51,812
CURRENT ASSETS
Stocks 6 145,985 145,450
Debtors 7 10,500 10,500
Cash at bank and in hand 817 6,435
157,302 162,385
Creditors: Amounts Falling Due Within One Year 8 (31,135 ) (48,881 )
NET CURRENT ASSETS (LIABILITIES) 126,167 113,504
TOTAL ASSETS LESS CURRENT LIABILITIES 175,852 165,316
Creditors: Amounts Falling Due After More Than One Year 9 (34,427 ) (40,637 )
NET ASSETS 141,425 124,679
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 141,424 124,678
SHAREHOLDERS' FUNDS 141,425 124,679
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Page 3
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr R Sugunakumar
Director
18/06/2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Kavin DS Ltd Registered number 5622032 is a limited by shares company incorporated in England & Wales. The Registered Office is 3 Copping Close, Croydon, CR0 5JZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 18% On cost
Computer Equipment 18% On cost
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 16)
15 16
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 40,000
As at 31 March 2024 40,000
Net Book Value
As at 31 March 2024 40,000
As at 1 April 2023 40,000
Page 4
Page 5
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 37,209 28,495 65,704
As at 31 March 2024 37,209 28,495 65,704
Depreciation
As at 1 April 2023 29,109 24,783 53,892
Provided during the period 1,458 669 2,127
As at 31 March 2024 30,567 25,452 56,019
Net Book Value
As at 31 March 2024 6,642 3,043 9,685
As at 1 April 2023 8,100 3,712 11,812
6. Stocks
2024 2023
£ £
Stock - 145,450
Materials 145,985 -
145,985 145,450
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 10,500 10,500
Rent Depsit for 165-167 Newcross Road, London
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,855 -
Bank loans and overdrafts 4,621 4,608
Corporation tax 9,459 2,041
Other taxes and social security 4,851 8,633
VAT 5,669 4,969
Other creditors - 28,630
Director's loan account 680 -
31,135 48,881
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bounce Back Loan 34,427 40,637
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10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
11. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr R Sugunakumar 15,000 15,000
12. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 15,000 15,000
13. Ultimate Controlling Party
The company's ultimate controlling party is Mr R Sugunakumar by virtue of his ownership of 100% of the issued share capital in the company.
Page 6