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REGISTERED NUMBER: 06847253 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

TOTAL KRAV MAGA LIMITED

TOTAL KRAV MAGA LIMITED (REGISTERED NUMBER: 06847253)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TOTAL KRAV MAGA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr Nicolas L Maison





SECRETARY: Mr Malcolm J Greer FCCA, ATT





REGISTERED OFFICE: 3 Jesse Terrace
Reading
Berkshire
RG1 7RS





REGISTERED NUMBER: 06847253 (England and Wales)





ACCOUNTANTS: Malcolm J. Greer FCCA, ATT
Chartered Certified Accountant
3 Jesse Terrace
Reading
Berkshire
RG1 7RS

TOTAL KRAV MAGA LIMITED (REGISTERED NUMBER: 06847253)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,717 2,029

CURRENT ASSETS
Stocks 8,000 8,000
Debtors 5 7,049 1,019
Prepayments and accrued income 200 360
Cash at bank 10,304 29,914
25,553 39,293
CREDITORS
Amounts falling due within one year 6 17,177 20,780
NET CURRENT ASSETS 8,376 18,513
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,093

20,542

CREDITORS
Amounts falling due after more than one
year

7

(8,879

)

(14,967

)

PROVISIONS FOR LIABILITIES 8 (326 ) (385 )
NET ASSETS 888 5,190

CAPITAL AND RESERVES
Called up share capital 9 112 112
Retained earnings 776 5,078
SHAREHOLDERS' FUNDS 888 5,190

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

TOTAL KRAV MAGA LIMITED (REGISTERED NUMBER: 06847253)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 May 2024 and were signed by:





Mr Nicolas L Maison - Director


TOTAL KRAV MAGA LIMITED (REGISTERED NUMBER: 06847253)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Total Krav Maga Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TOTAL KRAV MAGA LIMITED (REGISTERED NUMBER: 06847253)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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 debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

TOTAL KRAV MAGA LIMITED (REGISTERED NUMBER: 06847253)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023 1,945 4,669 6,614
Additions - 370 370
At 31 March 2024 1,945 5,039 6,984
DEPRECIATION
At 1 April 2023 1,569 3,016 4,585
Charge for year 186 496 682
At 31 March 2024 1,755 3,512 5,267
NET BOOK VALUE
At 31 March 2024 190 1,527 1,717
At 31 March 2023 376 1,653 2,029

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Loan to Krav Wear Limited 1,329 1,019
Directors' current accounts 5,720 -
7,049 1,019

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 6,088 5,934
Trade creditors 1,409 454
Corporation tax 3,643 6,057
Social security and other taxes 1 1
VAT 1,976 2,353
Directors' current accounts - 288
Accruals and deferred income 4,060 5,693
17,177 20,780

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 6,242 6,088
Bank loans - 2-5 years 2,637 8,879
8,879 14,967

TOTAL KRAV MAGA LIMITED (REGISTERED NUMBER: 06847253)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax - Accelerated Capital
Allowances

326

385

Deferred
tax
£   
Balance at 1 April 2023 385
Provided during year (59 )
Balance at 31 March 2024 326

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
56 Ordinary voting shares of
classes A - L £1 56 56
56 Ordinary non-voting shares of
classes M - Z £1 56 56
112 112

The issued, allotted and fully paid up share capital in issue is made up as follows:

Eight ordinary voting shares in each of seven classes A to G inclusive and eight ordinary non-voting shares in each of the seven classes N to T inclusive.

The Company's share capital is sub divided into 26 classes of ordinary share labelled A to Z inclusive. All the shares rank parri pasu in all respects except in regards to voting and income.

Share classes A to L carry the right to attend and vote at any General Meeting of the Company while classes M to Z carry the right to attend any General Meeting of the Company but carry no right to any voting rights whatsoever.

Share classes A to Z inclusive shall be entitled to varying rates of class specific dividend as declared by the Company from time to time.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr Nicolas L Maison
Balance outstanding at start of year - -
Amounts advanced 33,128 -
Amounts repaid (27,408 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,720 -

TOTAL KRAV MAGA LIMITED (REGISTERED NUMBER: 06847253)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

11. RELATED PARTY DISCLOSURES

At the year end, Krav Wear Limited, a dormant company owed the Company £1,329 (2022 - £1,019).

The loan is repayable on demand and is not subject to an interest charge.

Krav Wear Limited is a related party by virtue of it being controlled by Mr. Nicholas L. Maison, the sole shareholder and controlling party of Total Krav Maga Limited.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Nicolas L Maison.