Registered number
11803424
KB & CO. Enterprise Limited
Unaudited Filleted Accounts
28 February 2024
KB & CO. Enterprise Limited
Registered number: 11803424
Balance Sheet
as at 28 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,306 2,613
Investments 4 174,000 172,000
175,306 174,613
Current assets
Cash at bank and in hand 1,008 5,867
Creditors: amounts falling due within one year 5 (70,032) (74,560)
Net current liabilities (69,024) (68,693)
Total assets less current liabilities 106,282 105,920
Creditors: amounts falling due after more than one year 6 (107,100) (107,525)
Provisions for liabilities (1,136) (1,182)
Net liabilities (1,954) (2,787)
Capital and reserves
Profit and loss account (1,954) (2,787)
Shareholders' funds (1,954) (2,787)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
K. Owusu-Asomaning
Director
Approved by the board on 22 October 2024
KB & CO. Enterprise Limited
Notes to the Accounts
for the year ended 28 February 2024
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 rent consideration received or receivable, net of discounts.
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:
Fixtures, fittings, tools and equipment over 3 years
Investments
Unlisted investments in property are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities, other than loans to directors, are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 6,532
At 28 February 2024 6,532
Depreciation
At 1 March 2023 3,919
Charge for the year 1,307
At 28 February 2024 5,226
Net book value
At 28 February 2024 1,306
At 28 February 2023 2,613
4 Investments
Other
investments
£
Cost
At 1 March 2023 172,000
Revaluation 2,000
At 28 February 2024 174,000

The property has been revalued by the director based on sales of similar properties in the area.
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 70,032 74,560
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 107,100 107,525
7 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 107,100 107,500
Secured bank loans 107,100 107,500
Bank mortgages are secured on property.
8 Related party transactions
The company has received two loans from connected parties which are interest free and repayable on demand. The balance outstanding at the year end was £70,032 [2023: £74,560]
9 Going concern
The company has the support of the directors and consequently the accounts have been prepared on a going concern basis.
10 Other information
KB & CO. Enterprise Limited is a private company limited by shares and incorporated in England. Its registered office is:
Clearways Accountants
Clearways
Colley Way
Reigate
RH2 9JH
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