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REGISTERED NUMBER: 07569225 (England and Wales)











Kadai Ltd

Unaudited Financial Statements

for the Year Ended 31 January 2024






Kadai Ltd (Registered number: 07569225)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

Kadai Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: C H McKinnon-Wood





SECRETARY: Miss N C Hunt





REGISTERED OFFICE: Home Farm
Leebotwood
Church Stretton
SHROPSHIRE
SY6 6LX





REGISTERED NUMBER: 07569225 (England and Wales)





ACCOUNTANTS: Dyke Ruscoe & Hayes Ltd
Chartered Certified Accountants
110 Corve Street
Ludlow
SHROPSHIRE
SY8 1DJ

Kadai Ltd (Registered number: 07569225)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 256 639
Property, plant and equipment 5 38,615 47,615
38,871 48,254

CURRENT ASSETS
Inventories 6 518,957 683,708
Debtors 7 1,158,966 1,024,901
Cash at bank and in hand 2,346,459 1,906,351
4,024,382 3,614,960
CREDITORS
Amounts falling due within one year 8 214,158 164,429
NET CURRENT ASSETS 3,810,224 3,450,531
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,849,095

3,498,785

PROVISIONS FOR LIABILITIES 7,227 9,207
NET ASSETS 3,841,868 3,489,578

CAPITAL AND RESERVES
Called up share capital 51 51
Capital redemption reserve 49 49
Retained earnings 3,841,768 3,489,478
SHAREHOLDERS' FUNDS 3,841,868 3,489,578

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Kadai Ltd (Registered number: 07569225)

Balance Sheet - continued
31 January 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2024 and were signed by:





C H McKinnon-Wood - Director


Kadai Ltd (Registered number: 07569225)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on reducing balance
Improvements to property - 10% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Office equipment - 33% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.


Kadai Ltd (Registered number: 07569225)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 50,000 6,414 56,414
AMORTISATION
At 1 February 2023 49,999 5,776 55,775
Amortisation for year - 383 383
At 31 January 2024 49,999 6,159 56,158
NET BOOK VALUE
At 31 January 2024 1 255 256
At 31 January 2023 1 638 639

Kadai Ltd (Registered number: 07569225)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. PROPERTY, PLANT AND EQUIPMENT
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 February 2023 1,095 16,051 44,574
Additions - - 95
At 31 January 2024 1,095 16,051 44,669
DEPRECIATION
At 1 February 2023 641 4,622 29,227
Charge for year 45 1,143 3,073
At 31 January 2024 686 5,765 32,300
NET BOOK VALUE
At 31 January 2024 409 10,286 12,369
At 31 January 2023 454 11,429 15,347

Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 16,824 47,006 59,386 184,936
Additions - - 362 457
At 31 January 2024 16,824 47,006 59,748 185,393
DEPRECIATION
At 1 February 2023 11,131 33,951 57,749 137,321
Charge for year 1,138 2,611 1,447 9,457
At 31 January 2024 12,269 36,562 59,196 146,778
NET BOOK VALUE
At 31 January 2024 4,555 10,444 552 38,615
At 31 January 2023 5,693 13,055 1,637 47,615

6. INVENTORIES
2024 2023
£    £   
Stocks 518,957 683,708

Kadai Ltd (Registered number: 07569225)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 627,484 621,885
Other debtors 18,939 -
Amounts owing from a related party 338,732 228,780
Directors' current accounts - 33,733
Tax 31,996 31,996
Prepayments 141,815 108,507
1,158,966 1,024,901

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 12,861 30,083
Tax 133,949 104,310
Social security and other taxes 6,325 9,216
VAT 38,011 10,963
Other creditors 3,462 3,899
Directors' current accounts 13,990 -
Accruals and deferred income 5,560 5,958
214,158 164,429

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
C H McKinnon-Wood
Balance outstanding at start of year 33,733 98,449
Amounts advanced 44,118 45,365
Amounts repaid (91,841 ) (110,081 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (13,990 ) 33,733

Interest has been charged on the loan at a rate of interest of 2.25%.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Kadai Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kadai Ltd for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Kadai Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kadai Ltd and state those matters that we have agreed to state to the director of Kadai Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Kadai Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kadai Ltd. You consider that Kadai Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kadai Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Dyke Ruscoe & Hayes Ltd
Chartered Certified Accountants
110 Corve Street
Ludlow
SHROPSHIRE
SY8 1DJ


30 July 2024