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Company Registration No. 7658243 (England and Wales)
KoveDesign Limited Unaudited accounts for the year ended 30 November 2023
KoveDesign Limited Unaudited accounts Contents
Page
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KoveDesign Limited Company Information for the year ended 30 November 2023
Directors
John Begley Lisa Draycott
Company Number
7658243 (England and Wales)
Registered Office
8 Byron Road Twyford Reading RG10 0AE
Accountants
Susan Appleton Accountancy Ltd 2 Carters Way Wisborough Green Billingshurst West Sussex RH14 0BY
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KoveDesign Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,938 
12,662 
Current assets
Inventories
38,679 
36,772 
Debtors
37,421 
60,400 
Cash at bank and in hand
171,321 
202,930 
247,421 
300,102 
Creditors: amounts falling due within one year
(84,627)
(133,336)
Net current assets
162,794 
166,766 
Total assets less current liabilities
167,732 
179,428 
Creditors: amounts falling due after more than one year
(18,398)
(29,158)
Provisions for liabilities
Deferred tax
(938)
(2,406)
Net assets
148,396 
147,864 
Capital and reserves
Called up share capital
50 
50 
Capital redemption reserve
50 
50 
Profit and loss account
148,296 
147,764 
Shareholders' funds
148,396 
147,864 
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by
John Begley Director Company Registration No. 7658243
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KoveDesign Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
KoveDesign Limited is a private company, limited by shares, registered in England and Wales, registration number 7658243. The registered office is 8 Byron Road, Twyford, Reading, RG10 0AE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% of cost
Motor vehicles
25% of cost
Fixtures & fittings
20% of cost
Computer equipment
33% of cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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KoveDesign Limited Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2022
22,317 
9,208 
6,893 
38,418 
Disposals
- 
- 
(2,124)
(2,124)
At 30 November 2023
22,317 
9,208 
4,769 
36,294 
Depreciation
At 1 December 2022
15,800 
5,687 
4,269 
25,756 
Charge for the year
4,569 
1,566 
1,589 
7,724 
On disposals
- 
- 
(2,124)
(2,124)
At 30 November 2023
20,369 
7,253 
3,734 
31,356 
Net book value
At 30 November 2023
1,948 
1,955 
1,035 
4,938 
At 30 November 2022
6,517 
3,521 
2,624 
12,662 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
35,510 
50,474 
Accrued income and prepayments
1,911 
1,867 
Other debtors
- 
8,059 
37,421 
60,400 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,438 
9,808 
VAT
1,054 
37,275 
Trade creditors
38,314 
16,335 
Taxes and social security
3,838 
24,536 
Other creditors
7,741 
3,974 
Loans from directors
23,242 
41,408 
84,627 
133,336 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
18,398 
29,158 
8
Average number of employees
During the year the average number of employees was 3 (2022: 5).
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