KIDANE TRADING CO LTD

Company Registration Number:
07071066 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

KIDANE TRADING CO LTD

Contents of the Financial Statements

for the Period Ended 30 November 2023

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

KIDANE TRADING CO LTD

Company Information

for the Period Ended 30 November 2023




Director: Kidane TESFAMARIAM
Registered office: Unit 38, Eurolink Business Centre,
49 Effra Road
London
England
SW2 1BZ
Company Registration Number: 07071066 (England and Wales)

KIDANE TRADING CO LTD

Directors' Report Period Ended 30 November 2023

The directors present their report with the financial statements of the company for the period ended 30 November 2023

Principal Activities

The principal activity of the company throughout the twelve months has been that of retailing off licence.

Directors

The directors shown below have held office during the whole of the period from 01 December 2022 to 30 November 2023
Kidane TESFAMARIAM

This report was approved by the board of directors on 30 August 2024
And Signed On Behalf Of The Board By:

Name: Kidane TESFAMARIAM
Status: Director

KIDANE TRADING CO LTD

Balance sheet

As at 30 November 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 392 630
Total fixed assets: 392 630
Current assets
Stocks: 225,000 205,000
Cash at bank and in hand: 20,478 35,652
Total current assets: 245,478 240,652
Creditors: amounts falling due within one year: ( 4,201 ) ( 2,751 )
Net current assets (liabilities): 241,277 237,901
Total assets less current liabilities: 241,669 238,531
Creditors: amounts falling due after more than one year: ( 158,228 ) ( 173,000 )
Total net assets (liabilities): 83,441 65,531

The notes form part of these financial statements

KIDANE TRADING CO LTD

Balance sheet continued

As at 30 November 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 83,341 65,431
Shareholders funds: 83,441 65,531

For the year ending 30 November 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 30 August 2024
And Signed On Behalf Of The Board By:

Name: Kidane TESFAMARIAM
Status: Director

The notes form part of these financial statements

KIDANE TRADING CO LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover represents the total invoice value, excluding value added tax of sales made during the period.

KIDANE TRADING CO LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 3 4

KIDANE TRADING CO LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 3. Off balance sheet disclosure

    No

KIDANE TRADING CO LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Tangible Assets

Total
Cost £
At 01 December 2022 1,344
Additions -
Disposals -
Revaluations -
Transfers -
At 30 November 2023 1,344
Depreciation
At 01 December 2022 714
Charge for year 238
On disposals -
Other adjustments -
At 30 November 2023 952
Net book value
At 30 November 2023 392
At 30 November 2022 630