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REGISTERED NUMBER: 13283242 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

KOFEE LTD

KOFEE LTD (REGISTERED NUMBER: 13283242)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


KOFEE LTD

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J F Collins





REGISTERED OFFICE: 153-155 London Road
Hemel Hempstead
Hertfordshire
HP3 9SQ





REGISTERED NUMBER: 13283242 (England and Wales)

KOFEE LTD (REGISTERED NUMBER: 13283242)

Report of the Director
for the Year Ended 31 March 2024


The director presents his report with the financial statements of the company for the year ended 31 March 2024.

DIRECTOR
J F Collins held office during the whole of the period from 1 April 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





J F Collins - Director


23 October 2024

KOFEE LTD (REGISTERED NUMBER: 13283242)

Income Statement
for the Year Ended 31 March 2024

2024 2023
Notes £    £    £    £   

TURNOVER 111,402 56,703

Cost of sales 59,146 54,970
GROSS PROFIT 52,256 1,733

Distribution costs 8,049 -
Administrative expenses 35,328 23,193
43,377 23,193
OPERATING PROFIT/(LOSS) 4 8,879 (21,460 )

Interest receivable and similar income 41 -
PROFIT/(LOSS) BEFORE TAXATION 8,920 (21,460 )

Tax on profit/(loss) - -
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

8,920

(21,460

)

KOFEE LTD (REGISTERED NUMBER: 13283242)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 2,507 3,370

CURRENT ASSETS
Stocks 9,945 14,339
Debtors 6 16,041 9,424
Cash at bank 11,674 10,677
37,660 34,440
CREDITORS
Amounts falling due within one year 7 77,950 84,513
NET CURRENT LIABILITIES (40,290 ) (50,073 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(37,783

)

(46,703

)

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (38,783 ) (47,703 )
(37,783 ) (46,703 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 23 October 2024 and were signed by:





J F Collins - Director


KOFEE LTD (REGISTERED NUMBER: 13283242)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Kofee 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.

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.

Going concern
The company's financial statements have been prepared on the going concern basis on the grounds that the current and future sources of funding or support will be more than adequate for the company's needs. In making their statement on going concern, the director is relying on the commitment made by Africa Build Ltd, a related party, that they will not seek repayment of the amount due to them until there are sufficient funds to repay the amounts owed (see note 8).

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. OPERATING PROFIT/(LOSS)

The operating profit (2023 - operating loss) is stated after charging:

2024 2023
£    £   
Patents and licences amortisation 863 863

KOFEE LTD (REGISTERED NUMBER: 13283242)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 4,313
AMORTISATION
At 1 April 2023 943
Charge for year 863
At 31 March 2024 1,806
NET BOOK VALUE
At 31 March 2024 2,507
At 31 March 2023 3,370

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,588 8,081
Other debtors 2,453 1,343
16,041 9,424

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,350 7,181
Other creditors 72,600 77,332
77,950 84,513

8. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £67,000 (2023: £73,339) to Africa Build Ltd, a company of which the director has control.

During the year, services worth £9,000 (2023: £1,508) were supplied to the company by Africa Supplies Ltd, a company of which the director has control.

At the balance sheet date, the company owed £3,600 (2023: £1,890) to Africa Supplies Ltd.