Registered number
08782078
Kapow Signs and Displays Limited
Filleted Accounts
30 November 2023
Kapow Signs and Displays Limited
Registered number: 08782078
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 53,248 19,630
Current assets
Debtors 4 15,331 10,460
Cash at bank and in hand 6,304 7,568
21,635 18,028
Creditors: amounts falling due within one year 5 (154,169) (116,943)
Net current liabilities (132,534) (98,915)
Total assets less current liabilities (79,286) (79,285)
Creditors: amounts falling due after more than one year 6 (7,503) (11,738)
Net liabilities (86,789) (91,023)
Capital and reserves
Called up share capital 1 1
Profit and loss account (86,790) (91,024)
Shareholders' funds (86,789) (91,023)
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.
O A ADERIBIGBE
Director
Approved by the board on 15 August 2024
Kapow Signs and Displays Limited
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).
Going Concern
The financial statements have been prepared on a going concern basis as the company remains dependent on the financial support of the director. The director is committed to the company and intends to support it for a period of at least one year to ensure it is able to meet its debts as and when they fall due.
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.
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 over its expected useful life, as follows:
Plant and Machinery 25% reducing balance basis
Motor Vehicle 25% reducing balance basis
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 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 19,145 23,494 42,639
Additions - 46,132 46,132
Disposals - (23,494) (23,494)
At 30 November 2023 19,145 46,132 65,277
Depreciation
At 1 December 2022 8,376 14,633 23,009
Charge for the year 2,692 3,176 5,868
On disposals - (16,848) (16,848)
At 30 November 2023 11,068 961 12,029
Net book value
At 30 November 2023 8,077 45,171 53,248
At 30 November 2022 10,769 8,861 19,630
4 Debtors 2023 2022
£ £
Trade debtors 5,103 9,856
Other debtors 10,228 604
15,331 10,460
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 4,337 4,045
Other creditors 149,832 112,898
154,169 116,943
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 7,503 11,738
The bank loan is in respect of a Bounce Back loan repayable by September 2026 with interest at 2.5% and secured by a government guarantee
7 Other information
Address of registered office: .
.
Arch 847
Brayards Road,
London
SE15 2AG 
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