Registered number
05680282
D. E. KAS LIMITED
Filleted Accounts
31 January 2024
D. E. KAS LIMITED
Registered number: 05680282
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 26,000 26,000
Tangible assets 4 18,482 22,023
44,482 48,023
Current assets
Stocks 57,979 58,547
Debtors 5 8,304 8,304
Cash at bank and in hand 30,555 62,078
96,838 128,929
Creditors: amounts falling due within one year 6 (76,413) (108,645)
Net current assets 20,425 20,284
Total assets less current liabilities 64,907 68,307
Creditors: amounts falling due after more than one year 7 (33,966) (45,966)
Net assets 30,941 22,341
Capital and reserves
Called up share capital 100 100
Profit and loss account 30,841 22,241
Shareholder's funds 30,941 22,341
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.
Damene Kassaye
Director
Approved by the board on 25 October 2024
D. E. KAS LIMITED
Notes to the Accounts
for the year ended 31 January 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 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.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 7
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2023 26,000
At 31 January 2024 26,000
Amortisation
At 31 January 2024 -
Net book value
At 31 January 2024 26,000
At 31 January 2023 26,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 February 2023 4,316 64,920 69,236
At 31 January 2024 4,316 64,920 69,236
Depreciation
At 1 February 2023 - 47,213 47,213
Charge for the year - 3,541 3,541
At 31 January 2024 - 50,754 50,754
Net book value
At 31 January 2024 4,316 14,166 18,482
At 31 January 2023 4,316 17,707 22,023
5 Debtors 2024 2023
£ £
Other debtors 8,304 8,304
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 20,545 24,829
Taxation and social security costs 21,289 16,358
Other creditors 34,579 67,458
76,413 108,645
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 33,966 45,966
8 Other information
D. E. KAS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
4 Mitcham Road
London
SW17 9NA
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