KHZ Ltd 06682713 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is integrated circuits and electronics. Digita Accounts Production Advanced 6.30.9574.0 true true 06682713 2023-04-01 2024-03-31 06682713 2024-03-31 06682713 core:RetainedEarningsAccumulatedLosses 2024-03-31 06682713 core:ShareCapital 2024-03-31 06682713 core:CurrentFinancialInstruments 2024-03-31 06682713 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06682713 core:FurnitureFittingsToolsEquipment 2024-03-31 06682713 core:OtherPropertyPlantEquipment 2024-03-31 06682713 bus:SmallEntities 2023-04-01 2024-03-31 06682713 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06682713 bus:FullAccounts 2023-04-01 2024-03-31 06682713 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06682713 bus:RegisteredOffice 2023-04-01 2024-03-31 06682713 bus:Director1 2023-04-01 2024-03-31 06682713 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06682713 core:ComputerEquipment 2023-04-01 2024-03-31 06682713 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 06682713 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 06682713 core:PlantMachinery 2023-04-01 2024-03-31 06682713 countries:EnglandWales 2023-04-01 2024-03-31 06682713 2023-03-31 06682713 core:FurnitureFittingsToolsEquipment 2023-03-31 06682713 core:OtherPropertyPlantEquipment 2023-03-31 06682713 2022-04-01 2023-03-31 06682713 2023-03-31 06682713 core:RetainedEarningsAccumulatedLosses 2023-03-31 06682713 core:ShareCapital 2023-03-31 06682713 core:CurrentFinancialInstruments 2023-03-31 06682713 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 06682713 core:FurnitureFittingsToolsEquipment 2023-03-31 06682713 core:OtherPropertyPlantEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 06682713

KHZ Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

KHZ Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

KHZ Ltd

(Registration number: 06682713)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

10,750

10,877

Current assets

 

Stocks

199,000

61,850

Debtors

5

52,533

23,386

Cash at bank and in hand

 

8,378

16,563

 

259,911

101,799

Creditors: Amounts falling due within one year

6

(276,953)

(110,437)

Net current liabilities

 

(17,042)

(8,638)

Net (liabilities)/assets

 

(6,292)

2,239

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(6,392)

2,139

Shareholders' (deficit)/funds

 

(6,292)

2,239

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 October 2024
 

.........................................
Mr G Coleman
Director

 

KHZ Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through funds provided by the directors. The directors consider that these facilities will continue to be made available to the company. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

 

KHZ Ltd

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

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

33% Reducing Balance

Plant & machinery

15% Reducing Balance

 

KHZ Ltd

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 10 (2023 - 9).

 

KHZ Ltd

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

4

Tangible assets

Computer equipment
 £

Plant & machinery
£

Total
£

Cost or valuation

At 1 April 2023

3,396

10,120

13,516

Additions

740

1,668

2,408

At 31 March 2024

4,136

11,788

15,924

Depreciation

At 1 April 2023

1,121

1,518

2,639

Charge for the year

995

1,540

2,535

At 31 March 2024

2,116

3,058

5,174

Carrying amount

At 31 March 2024

2,020

8,730

10,750

At 31 March 2023

2,275

8,602

10,877

5

Debtors

Current

2024
£

2023
£

Trade debtors

5,050

23,286

Prepayments

3,167

-

Other debtors

44,316

100

 

52,533

23,386

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

125,033

53,480

Taxation and social security

7,940

15,909

Other creditors

143,980

41,048

276,953

110,437