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REGISTERED NUMBER: 14413405 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 12 OCTOBER 2022 TO 30 MARCH 2024

FOR

KULI'S LTD

KULI'S LTD (REGISTERED NUMBER: 14413405)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 12 OCTOBER 2022 TO 30 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KULI'S LTD

COMPANY INFORMATION
FOR THE PERIOD 12 OCTOBER 2022 TO 30 MARCH 2024







DIRECTORS: R V Kuligowski
Miss A E Kuligowski
A R Kuligowski





REGISTERED OFFICE: Badgers Oak Barn
Park Lane
Cranbrook
Kent
TN17 2SW





BUSINESS ADDRESS: The George Inn
High Street
Robertsbridge
East Sussex
TN32 5AW





REGISTERED NUMBER: 14413405 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Invicta Business Centre
Monument Way
Orbital Park
Ashford
Kent
TN24 0HB

KULI'S LTD (REGISTERED NUMBER: 14413405)

BALANCE SHEET
30 MARCH 2024

Notes £    £   
FIXED ASSETS
Intangible assets 5 106,000
Tangible assets 6 113,170
219,170

CURRENT ASSETS
Stocks 13,200
Debtors 7 10,447
Cash at bank and in hand 10,685
34,332
CREDITORS
Amounts falling due within one year 8 295,664
NET CURRENT LIABILITIES (261,332 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(42,162

)

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings (42,163 )
(42,162 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 4 October 2024 and were signed on its behalf by:




R V Kuligowski - Director Miss A E Kuligowski - Director




A R Kuligowski - Director


KULI'S LTD (REGISTERED NUMBER: 14413405)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 12 OCTOBER 2022 TO 30 MARCH 2024

1. STATUTORY INFORMATION

Kuli'S 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 2023, 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on a straight line basis

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 period 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 period 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.

KULI'S LTD (REGISTERED NUMBER: 14413405)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 12 OCTOBER 2022 TO 30 MARCH 2024

3. ACCOUNTING POLICIES - continued

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.

Going concern
The balance sheet shows net current liabilities and net liabilities. However the main creditor of the company is a director, who will continue to support the company. It is therefore appropriate for the financial statements to be prepared on a going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 19 .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 120,000
At 30 March 2024 120,000
AMORTISATION
Charge for period 14,000
At 30 March 2024 14,000
NET BOOK VALUE
At 30 March 2024 106,000

6. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
Additions 131,228
At 30 March 2024 131,228
DEPRECIATION
Charge for period 18,058
At 30 March 2024 18,058
NET BOOK VALUE
At 30 March 2024 113,170

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 8,871
Other debtors 1,576
10,447

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 25,358
Taxation and social security 26,621
Other creditors 243,685
295,664

KULI'S LTD (REGISTERED NUMBER: 14413405)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 12 OCTOBER 2022 TO 30 MARCH 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

£   
Other loans 33,818

10. RELATED PARTY DISCLOSURES

Included under other creditors is short term finance of £33,818 which is personally guaranteed by two of the directors.