Registered number
05513497
Kosher Direct Ltd
Unaudited Filleted Accounts
31 July 2023
Kosher Direct Ltd
Registered number: 05513497
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 1,720 3,860
Tangible assets 4 346,542 335,672
348,262 339,532
Current assets
Stocks 10,000 30,000
Debtors 5 589,298 497,740
Cash at bank and in hand - 19,423
599,298 547,163
Creditors: amounts falling due within one year 6 (397,829) (503,903)
Net current assets 201,469 43,260
Total assets less current liabilities 549,731 382,792
Creditors: amounts falling due after more than one year 7 (232,428) (172,986)
Net assets 317,303 209,806
Capital and reserves
Called up share capital 2 2
Profit and loss account 317,301 209,804
Shareholder's funds 317,303 209,806
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
E Friedman
Director
Approved by the board on 7 October 2024
Kosher Direct Ltd
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Equip
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
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.
Creditors
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 7 7
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2022 20,700
At 31 July 2023 20,700
Amortisation
At 1 August 2022 16,840
Provided during the year 2,140
At 31 July 2023 18,980
Net book value
At 31 July 2023 1,720
At 31 July 2022 3,860
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 August 2022 144,996 317,711 21,693 484,400
Additions - - 62,040 62,040
Disposals - - (21,693) (21,693)
At 31 July 2023 144,996 317,711 62,040 524,747
Depreciation
At 1 August 2022 - 133,983 14,745 148,728
Charge for the year - 30,214 15,406 45,620
On disposals - - (16,143) (16,143)
At 31 July 2023 - 164,197 14,008 178,205
Net book value
At 31 July 2023 144,996 153,514 48,032 346,542
At 31 July 2022 144,996 183,728 6,948 335,672
5 Debtors 2023 2022
£ £
Trade debtors 515,224 430,668
Other debtors 74,074 67,072
589,298 497,740
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 11,306 38,537
Trade creditors 328,905 388,737
Taxation and social security costs 6,329 -
Other creditors 51,289 76,629
397,829 503,903
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 104,517 47,337
Obligations under finance lease and hire purchase contracts 127,911 125,649
232,428 172,986
8 Other information
Kosher Direct Ltd is a private company limited by shares and incorporated in England. Its registered office is:
c/o B Olsberg & Co
Room 9 Enterprise House
3 Middleton Rd
Manchester
M8 5DT
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