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Company No: 11523349 (England and Wales)

KAHUKU LIMITED

Unaudited Financial Statements
For the financial period from 01 September 2022 to 31 December 2023
Pages for filing with the registrar

KAHUKU LIMITED

Unaudited Financial Statements

For the financial period from 01 September 2022 to 31 December 2023

Contents

KAHUKU LIMITED

BALANCE SHEET

As at 31 December 2023
KAHUKU LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 31.12.2023 31.08.2022
£ £
Fixed assets
Intangible assets 3 3,007 3,579
3,007 3,579
Current assets
Stocks 4 21,117 17,453
Debtors 5 5,397 110
Cash at bank and in hand 19,591 1,155
46,105 18,718
Creditors: amounts falling due within one year ( 30,571) ( 13,460)
Net current assets 15,534 5,258
Total assets less current liabilities 18,541 8,837
Net assets 18,541 8,837
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 18,441 8,737
Total shareholders' funds 18,541 8,837

For the financial period ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Kahuku Limited (registered number: 11523349) were approved and authorised for issue by the Director on 11 September 2024. They were signed on its behalf by:

Michel Roger Maurer
Director
KAHUKU LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 September 2022 to 31 December 2023
KAHUKU LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 September 2022 to 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Kahuku Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 14 Nuffield Road Nuffield Industrial Estate, Poole, BH17 0RB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs 10 years straight line
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

Period from
01.09.2022 to
31.12.2023
Year ended
31.08.2022
Number Number
Monthly average number of persons employed by the Company during the period, including the director 1 1

3. Intangible assets

Website costs Total
£ £
Cost
At 01 September 2022 4,295 4,295
At 31 December 2023 4,295 4,295
Accumulated amortisation
At 01 September 2022 716 716
Charge for the financial period 572 572
At 31 December 2023 1,288 1,288
Net book value
At 31 December 2023 3,007 3,007
At 31 August 2022 3,579 3,579

4. Stocks

31.12.2023 31.08.2022
£ £
Stocks (secured) 21,117 17,453

5. Debtors

31.12.2023 31.08.2022
£ £
Other debtors 5,397 110

6. Called-up share capital

31.12.2023 31.08.2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100