Registered number
03832949
Kamkee Limited
Unaudited Filleted Accounts
31 January 2024
Kamkee Limited
Registered number: 03832949
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 1,045,517 1,094,393
Investments 5 1 1
1,045,518 1,094,394
Current assets
Debtors 6 285,985 279,769
Cash at bank and in hand 1 1
285,986 279,770
Creditors: amounts falling due within one year 7 (148,260) (159,734)
Net current assets 137,726 120,036
Total assets less current liabilities 1,183,244 1,214,430
Creditors: amounts falling due after more than one year 8 (57,290) (82,720)
Net assets 1,125,954 1,131,710
Capital and reserves
Called up share capital 80,002 80,002
Profit and loss account 1,045,952 1,051,708
Shareholder's funds 1,125,954 1,131,710
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.
Mr C W Man
Director
Approved by the board on 23 October 2024
Kamkee 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
Plant and machinery 25% reducing balances
Motor vehicles 25% reducing balances
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments 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.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemptions provided by section 398 of the Companies Act 2006 not to prepare group accounts.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2023 135,000
At 31 January 2024 135,000
Amortisation
At 1 February 2023 135,000
At 31 January 2024 135,000
Net book value
At 31 January 2024 -
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 Motor vehicles Total
£ £ £ £
Cost
At 1 February 2023 1,167,097 924,424 312,343 2,403,864
At 31 January 2024 1,167,097 924,424 312,343 2,403,864
Depreciation
At 1 February 2023 221,821 886,931 200,719 1,309,471
Charge for the year 11,596 9,374 27,906 48,876
At 31 January 2024 233,417 896,305 228,625 1,358,347
Net book value
At 31 January 2024 933,680 28,119 83,718 1,045,517
At 31 January 2023 945,276 37,493 111,624 1,094,393
5 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 February 2023 1
At 31 January 2024 1
6 Debtors 2024 2023
£ £
Trade debtors 250,000 200,000
Deferred tax asset 5,326 5,326
Other debtors 30,659 74,443
285,985 279,769
7 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,433 19,351
Obligations under finance lease and hire purchase contracts 20,591 38,640
Taxation and social security costs 13,205 5,707
Other creditors 109,031 96,036
148,260 159,734
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 4,839
Obligations under finance lease and hire purchase contracts 57,290 77,881
57,290 82,720
9 Related party transactions
The company has taken advantages of exemption from disclosure in paragraph 33.1A under the terms of Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’, not to disclose transactions or balances between the wholly owned members of the group.
10 Controlling party
The company is under the control of the director, Mr C W Man by virtue of his shareholdings in the company.
11 Other information
Kamkee Limited is a private company limited by shares and incorporated in England. Its registered office is:
114 Hamlet Court Road
Westcliff-on-Sea
Essex
SS0 7LP
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