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REGISTERED NUMBER: 04286232 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

KUTBI ENTERPRISES LIMITED

KUTBI ENTERPRISES LIMITED (REGISTERED NUMBER: 04286232)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KUTBI ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: K Adamjee





REGISTERED OFFICE: 53a Church Street
Bilston
West Midlands
WV14 0AX





REGISTERED NUMBER: 04286232 (England and Wales)





ACCOUNTANTS: Ashcrofts Accountants Limited
2 Cedargrove
Hagley
Stourbridge
West Midlands
DY9 0DR

KUTBI ENTERPRISES LIMITED (REGISTERED NUMBER: 04286232)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,592 1,990

CURRENT ASSETS
Stocks 5 3,178 3,280
Debtors 6 27,916 23,318
Cash at bank and in hand 95,136 62,682
126,230 89,280
CREDITORS
Amounts falling due within one year 7 (28,952 ) (27,666 )
NET CURRENT ASSETS 97,278 61,614
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,870

63,604

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 98,770 63,504
SHAREHOLDERS' FUNDS 98,870 63,604

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

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 23 September 2024 and were signed by:





K Adamjee - Director


KUTBI ENTERPRISES LIMITED (REGISTERED NUMBER: 04286232)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Kutbi Enterprises Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 20% on reducing balance

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

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.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

KUTBI ENTERPRISES LIMITED (REGISTERED NUMBER: 04286232)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
& equipment
£   
COST
At 1 October 2022
and 30 September 2023 52,021
DEPRECIATION
At 1 October 2022 50,031
Charge for year 398
At 30 September 2023 50,429
NET BOOK VALUE
At 30 September 2023 1,592
At 30 September 2022 1,990

5. STOCKS
2023 2022
£    £   
Stocks 3,178 3,280

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,528 3,318
Other debtors 20,000 20,000
Deferred tax asset 1,388 -
27,916 23,318

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 8,690 5,761
Corporation tax 9,742 8,107
Social security and other taxes 514 -
VAT 276 2,713
Directors' loan accounts 8,538 8,785
Accruals and deferred income 1,192 2,300
28,952 27,666

KUTBI ENTERPRISES LIMITED (REGISTERED NUMBER: 04286232)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


8. DEFERRED TAX
£   
Credited during the year (1,388 )
Balance at 30 September 2023 (1,388 )

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 October 2022 63,504
Profit for the year 44,266
Dividends (9,000 )
At 30 September 2023 98,770

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 30 September 2023, there was a loan from Mr K Adamjee of £8,538 (2022: £8,785). This unsecured loan is interest free and repayable on demand.