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Registered Number: 11784004
England and Wales

 

 

 

KIPPA ENTERPRISES LTD


Abridged Accounts
 


Period of accounts

Start date: 01 February 2023

End date: 31 January 2024
Accountants report
You consider that the company is exempt from an audit for the year ended 31 January 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.



....................................................

Xolun Limited

Deansgate
62-70 Tettenhall Road
Wolverhampton
WV1 4TH
22 October 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 172,800    194,400 
Tangible fixed assets 4 30,452    38,614 
203,252    233,014 
Current assets      
Stocks 7,549    12,873 
Debtors   1,300 
Cash at bank and in hand 4,712    4,257 
12,261    18,430 
Creditors: amount falling due within one year (77,038)   (44,048)
Net current assets (64,777)   (25,618)
 
Total assets less current liabilities 138,475    207,396 
Creditors: amount falling due after more than one year (224,107)   (255,840)
Net assets (85,632)   (48,444)
 

Capital and reserves
     
Profit and loss account (85,632)   (48,444)
Shareholders' funds (85,632)   (48,444)
 


For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 22 October 2024 and were signed by:


-------------------------------
Kirpal Singh Chung
Director
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General Information
Kippa Enterprises Ltd is a private company, limited by shares, registered in England and Wales, registration number 11784004, registration address c/o Xolun Limited, Deansgate, 62-70 Tettenhall Road, Wolverhampton, WV1 4TH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 6.7 Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 7 (2023 : 8).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 February 2023 216,000    216,000 
Additions  
Disposals  
At 31 January 2024 216,000    216,000 
Amortisation
At 01 February 2023 21,600    21,600 
Charge for year 21,600    21,600 
On disposals  
At 31 January 2024 43,200    43,200 
Net book values
At 31 January 2024 172,800    172,800 
At 31 January 2023 194,400    194,400 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Land and Buildings   Total
  £   £   £
At 01 February 2023 54,410    6,547    60,957 
Additions    
Disposals    
At 31 January 2024 54,410    6,547    60,957 
Depreciation
At 01 February 2023 22,343      22,343 
Charge for year 8,162      8,162 
On disposals    
At 31 January 2024 30,505      30,505 
Net book values
Closing balance as at 31 January 2024 23,905    6,547    30,452 
Opening balance as at 01 February 2023 32,067    6,547    38,614 

The net book value of Land and Buildings includes £ 6,547 (2023 £6,547) in respect of assets leased under finance leases or hire purchase contracts.

3