2022-12-012023-11-302023-11-30false02988433KUTZ 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KUTZ LIMITED

Registered Number
02988433
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2023

KUTZ LIMITED
Company Information
for the year from 1 December 2022 to 30 November 2023

Director

BORZABADI FARAHANI, Masoud

Company Secretary

POLADI, Ghorbanali

Registered Address

8b Accommodation Road
London
NW11 8ED

Registered Number

02988433 (England and Wales)
KUTZ LIMITED
Statement of Financial Position
30 November 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets35,1565,534
5,1565,534
Current assets
Stocks400,732173,321
Debtors482,555163,824
Cash at bank and on hand201,363594,406
684,650931,551
Creditors amounts falling due within one year5(434,745)(272,548)
Net current assets (liabilities)249,905659,003
Total assets less current liabilities255,061664,537
Creditors amounts falling due after one year(190,357)(661,617)
Net assets64,7042,920
Capital and reserves
Called up share capital104104
Profit and loss account64,6002,816
Shareholders' funds64,7042,920
The financial statements were approved and authorised for issue by the Director on 1 July 2024, and are signed on its behalf by:
BORZABADI FARAHANI, Masoud
Director
Registered Company No. 02988433
KUTZ LIMITED
Notes to the Financial Statements
for the year ended 30 November 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year44
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 December 2236,560
Additions1,340
At 30 November 2338,026
Depreciation and impairment
At 01 December 2231,025
Charge for year1,719
At 30 November 2332,870
Net book value
At 30 November 235,156
At 30 November 225,534
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables70,839161,696
Prepayments and accrued income11,7162,128
Total82,555163,824
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.
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables198,18053,497
Taxation and social security226,908210,451
Other creditors9,6578,600
Total434,745272,548
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.