Registered number
12306909
Kappasushi Ltd
Filleted Accounts
30 November 2023
Kappasushi Ltd
Registered number: 12306909
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 62,187 72,551
Tangible assets 4 137,372 134,015
199,559 206,566
Current assets
Stocks 10,230 10,870
Debtors 5 288,179 362,243
Cash at bank and in hand 120,515 308,854
418,924 681,967
Creditors: amounts falling due within one year 6 (410,973) (326,422)
Net current assets 7,951 355,545
Total assets less current liabilities 207,510 562,111
Creditors: amounts falling due after more than one year 7 (172,952) (432,950)
Net assets 34,558 129,161
Capital and reserves
Called up share capital 100 100
Profit and loss account 34,458 129,061
Shareholders' funds 34,558 129,161
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D K Kim
Director
Approved by the board on 2 August 2024
Kappasushi Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 38 36
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2022 103,645
At 30 November 2023 103,645
Amortisation
At 1 December 2022 31,094
Provided during the year 10,364
At 30 November 2023 41,458
Net book value
At 30 November 2023 62,187
At 30 November 2022 72,551
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 260,953
Additions 37,700
At 30 November 2023 298,653
Depreciation
At 1 December 2022 126,938
Charge for the year 34,343
At 30 November 2023 161,281
Net book value
At 30 November 2023 137,372
At 30 November 2022 134,015
5 Debtors 2023 2022
£ £
Trade debtors 3,880 224
Other debtors 284,299 362,019
288,179 362,243
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 44,682 51,198
Taxation and social security costs 67,072 78,683
Other creditors 299,219 196,541
410,973 326,422
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 29,250 39,248
Other creditors 143,702 393,702
172,952 432,950
8 Other information
Kappasushi Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Suite 41, Chessington Business Centre
37 Cox Lane
Chessington
Surrey
KT9 1SD
Kappasushi Ltd 12306909 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts April 2024 D K Kim No description of principal activity 12306909 2021-12-01 2022-11-30 12306909 core:WithinOneYear 2022-11-30 12306909 core:AfterOneYear 2022-11-30 12306909 core:ShareCapital 2022-11-30 12306909 core:RetainedEarningsAccumulatedLosses 2022-11-30 12306909 2022-12-01 2023-11-30 12306909 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 12306909 bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 12306909 bus:Director40 2022-12-01 2023-11-30 12306909 1 2022-12-01 2023-11-30 12306909 2 2022-12-01 2023-11-30 12306909 core:Goodwill 2022-12-01 2023-11-30 12306909 core:PlantMachinery 2022-12-01 2023-11-30 12306909 countries:England 2022-12-01 2023-11-30 12306909 bus:FRS102 2022-12-01 2023-11-30 12306909 bus:FilletedAccounts 2022-12-01 2023-11-30 12306909 2023-11-30 12306909 core:WithinOneYear 2023-11-30 12306909 core:AfterOneYear 2023-11-30 12306909 core:ShareCapital 2023-11-30 12306909 core:RetainedEarningsAccumulatedLosses 2023-11-30 12306909 core:Goodwill 2023-11-30 12306909 core:PlantMachinery 2023-11-30 12306909 2022-11-30 12306909 core:Goodwill 2022-11-30 12306909 core:PlantMachinery 2022-11-30 iso4217:GBP xbrli:pure