Registered number
09988954
KAYMAKS GROUP LIMITED
Filleted Accounts
29 February 2024
KAYMAKS GROUP LIMITED
Registered number: 09988954
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 250,000 250,000
Investments 4 52,475 50,675
302,475 300,675
Current assets
Stocks 12,523 17,800
Cash at bank and in hand 1,424 1,530
13,947 19,330
Creditors: amounts falling due within one year 5 (11,768) (7,920)
Net current assets 2,179 11,410
Total assets less current liabilities 304,654 312,085
Creditors: amounts falling due after more than one year 6 (292,813) (301,704)
Net assets 11,841 10,381
Capital and reserves
Called up share capital 100 100
Profit and loss account 11,741 10,281
Shareholders' funds 11,841 10,381
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Kaysor Khan
Director
Approved by the board on 11 November 2024
KAYMAKS GROUP LIMITED
Notes to the Accounts
for the year ended 29 February 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.
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.
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.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 March 2023 250,000
At 29 February 2024 250,000
Depreciation
At 29 February 2024 -
Net book value
At 29 February 2024 250,000
At 28 February 2023 250,000
4 Investments
Other
investments
£
Cost
At 1 March 2023 50,675
Additions 1,800
At 29 February 2024 52,475
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 725 787
Other creditors 11,043 7,133
11,768 7,920
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 24,895 34,806
Other creditors 267,918 266,898
292,813 301,704
7 Other information
KAYMAKS GROUP LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
434 High Street North
Manor Park
London
E12 6RH
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