Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3122023-04-01false46380 - Wholesale of other food, including fish, crustaceans and molluscs3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12264023 2023-04-01 2024-03-31 12264023 2022-04-01 2023-03-31 12264023 2024-03-31 12264023 2023-03-31 12264023 c:Director1 2023-04-01 2024-03-31 12264023 d:PlantMachinery 2023-04-01 2024-03-31 12264023 d:PlantMachinery 2024-03-31 12264023 d:PlantMachinery 2023-03-31 12264023 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12264023 d:OfficeEquipment 2023-04-01 2024-03-31 12264023 d:OfficeEquipment 2024-03-31 12264023 d:OfficeEquipment 2023-03-31 12264023 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12264023 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12264023 d:CurrentFinancialInstruments 2024-03-31 12264023 d:CurrentFinancialInstruments 2023-03-31 12264023 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12264023 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12264023 d:ShareCapital 2024-03-31 12264023 d:ShareCapital 2023-03-31 12264023 d:RetainedEarningsAccumulatedLosses 2024-03-31 12264023 d:RetainedEarningsAccumulatedLosses 2023-03-31 12264023 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 12264023 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 12264023 c:OrdinaryShareClass1 2023-04-01 2024-03-31 12264023 c:OrdinaryShareClass1 2024-03-31 12264023 c:OrdinaryShareClass1 2023-03-31 12264023 c:FRS102 2023-04-01 2024-03-31 12264023 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12264023 c:FullAccounts 2023-04-01 2024-03-31 12264023 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12264023 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12264023










KAVIARI UK LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
KAVIARI UK LIMITED
REGISTERED NUMBER: 12264023

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,263
6,405

  
2,263
6,405

Current assets
  

Stocks
 5 
37,895
27,837

Debtors: amounts falling due within one year
 6 
127,972
86,250

Cash at bank and in hand
  
38,053
22,434

  
203,920
136,521

Creditors: amounts falling due within one year
 7 
(50,126)
(41,964)

Net current assets
  
 
 
153,794
 
 
94,557

Total assets less current liabilities
  
156,057
100,962

Provisions for liabilities
  

Deferred tax
 8 
(567)
(1,602)

  
 
 
(567)
 
 
(1,602)

Net assets
  
155,490
99,360


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
155,390
99,260

  
155,490
99,360


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

R Bouchez
Director
Page 1

 
KAVIARI UK LIMITED
REGISTERED NUMBER: 12264023

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

Date: 28 October 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
KAVIARI UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Kaviari UK Limited is a limited liability company incorporated in England and Wales. The Registered Office address is 7 Maidstone Buildings Mews, London, SE1 1GD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable for goods sold during the year, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
KAVIARI UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
KAVIARI UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
over three years
Office equipment
-
over three years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
KAVIARI UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 2).


4.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
9,335
1,325
10,660


Disposals
-
(1,008)
(1,008)



At 31 March 2024

9,335
317
9,652



Depreciation


At 1 April 2023
4,018
237
4,255


Charge for the year on owned assets
3,112
442
3,554


Disposals
-
(420)
(420)



At 31 March 2024

7,130
259
7,389



Net book value



At 31 March 2024
2,205
58
2,263



At 31 March 2023
5,317
1,088
6,405

Page 6

 
KAVIARI UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Stocks

2024
2023
£
£

Goods for resale
37,895
27,837




6.


Debtors

2024
2023
£
£


Trade debtors
85,848
56,469

Amounts owed by group undertakings
100
-

Other debtors
19,305
21,254

Prepayments
22,719
8,527

127,972
86,250



7.


Creditors: amounts falling due within one year

2024
2023
£
£

Payments received on account
-
2,399

Trade creditors
21,210
2,402

Amounts owed to group undertakings
-
10,092

Corporation tax
17,168
17,879

Other taxation and social security
1,012
-

Other creditors
8,086
6,712

Accruals
2,650
2,480

50,126
41,964



8.


Deferred taxation




2024


£






At beginning of year
(1,602)


Credited to the profit or loss
1,035



At end of year
(567)

Page 7

 
KAVIARI UK LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
 
8.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(567)
(1,602)


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,930 (2023: £nil). 
Contributions totalling £377 (2023: £nil) were payable to the fund at the balance sheet date.


11.


Related party transactions

The company has taken advantage of the exemption in FRS102 not to disclose transactions with its parent company.


12.


Parent company

The company is under the control of Kaviari SAS by virtue of its 100% share holding. The full address of the parent company is Kaviari SAS, 13 Rue de l'Arsenal, 75004, Paris, France.


Page 8