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REGISTERED NUMBER: 13527717 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

KAWAJI LTD

KAWAJI LTD (REGISTERED NUMBER: 13527717)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


KAWAJI LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







Director: R Woodall





Registered office: 1623 Warwick Road
Knowle
Solihull
West Midlands
B93 9LF





Registered number: 13527717 (England and Wales)





Accountants: Athos Business Solutions Limited
1623 Warwick Road
Knowle
Solihull
West Midlands
B93 9LF

KAWAJI LTD (REGISTERED NUMBER: 13527717)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 55,833 -
Tangible assets 5 29,494 -
85,327 -

CURRENT ASSETS
Stocks 109,753 9,274
Debtors 6 53,055 25,351
Cash at bank 14,390 2,011
177,198 36,636
CREDITORS
Amounts falling due within one year 7 200,698 34,822
NET CURRENT (LIABILITIES)/ASSETS (23,500 ) 1,814
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,827

1,814

CREDITORS
Amounts falling due after more than one year 8 (19,584 ) -

PROVISIONS FOR LIABILITIES (5,604 ) -
NET ASSETS 36,639 1,814

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 36,638 1,813
36,639 1,814

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

KAWAJI LTD (REGISTERED NUMBER: 13527717)

BALANCE SHEET - continued
31 JULY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 September 2024 and were signed by:





R Woodall - Director


KAWAJI LTD (REGISTERED NUMBER: 13527717)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Kawaji Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


KAWAJI LTD (REGISTERED NUMBER: 13527717)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - NIL ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
Cost
Additions 25,000 35,000 60,000
At 31 July 2024 25,000 35,000 60,000
Amortisation
Amortisation for year 1,250 2,917 4,167
At 31 July 2024 1,250 2,917 4,167
Net book value
At 31 July 2024 23,750 32,083 55,833

KAWAJI LTD (REGISTERED NUMBER: 13527717)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
Cost
Additions 58,735 1,926 60,661
Disposals (26,350 ) - (26,350 )
At 31 July 2024 32,385 1,926 34,311
Depreciation
Charge for year 4,723 94 4,817
At 31 July 2024 4,723 94 4,817
Net book value
At 31 July 2024 27,662 1,832 29,494

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
Additions 58,735
Disposals (26,350 )
At 31 July 2024 32,385
Depreciation
Charge for year 4,723
At 31 July 2024 4,723
Net book value
At 31 July 2024 27,662

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,546 16,328
Other debtors 27,509 9,023
53,055 25,351

KAWAJI LTD (REGISTERED NUMBER: 13527717)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 50,000 -
Hire purchase contracts 7,834 -
Trade creditors 59,887 2,947
Taxation and social security 7,958 3,090
Other creditors 75,019 28,785
200,698 34,822

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 19,584 -