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Unaudited Financial Statements for the Year Ended 31 August 2024

for

Kisa's Ltd

Kisa's Ltd (Registered number: SC470769)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kisa's Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mrs K Wightman
S Wightman





REGISTERED OFFICE: 2 Melville Street
Falkirk
FK1 1HZ





REGISTERED NUMBER: SC470769 (Scotland)





ACCOUNTANTS: Ian Macfarlane Limited
Chartered Accountants
2 Melville Street
Falkirk
FK1 1HZ

Kisa's Ltd (Registered number: SC470769)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 613,136 620,927

CURRENT ASSETS
Debtors 5 246,560 241,560
Cash at bank 49,358 47,405
295,918 288,965
CREDITORS
Amounts falling due within one year 6 167,700 234,619
NET CURRENT ASSETS 128,218 54,346
TOTAL ASSETS LESS CURRENT
LIABILITIES

741,354

675,273

CREDITORS
Amounts falling due after more than one year 7 - (6,578 )

PROVISIONS FOR LIABILITIES (10,573 ) (12,984 )
NET ASSETS 730,781 655,711

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 730,779 655,709
SHAREHOLDERS' FUNDS 730,781 655,711

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Kisa's Ltd (Registered number: SC470769)

Balance Sheet - continued
31 August 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by:





Mrs K Wightman - Director


Kisa's Ltd (Registered number: SC470769)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Kisa's Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 15% on reducing balance

The directors have decided not to provide depreciation on freehold property in contravention of standard accounting policy during this period. The depreciation policy will be reviewed on an annual basis.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Kisa's Ltd (Registered number: SC470769)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 572,910 195,849 768,759
DEPRECIATION
At 1 September 2023 3,921 143,911 147,832
Charge for year - 7,791 7,791
At 31 August 2024 3,921 151,702 155,623
NET BOOK VALUE
At 31 August 2024 568,989 44,147 613,136
At 31 August 2023 568,989 51,938 620,927

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 25,000 -
Other debtors 221,560 241,560
246,560 241,560

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 6,578 23,633
Taxation and social security 51,462 114,220
Other creditors 109,660 96,766
167,700 234,619

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans - 6,578

Kisa's Ltd (Registered number: SC470769)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 6,578 30,211

The above bank loans are secured via a standard security over the company's freehold property.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
2 Class A Ordinary £1 2 2

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company has received an interest free loan of £Nil (2023 - £17,280) from Kisa's Restaurants Ltd. The company has loaned Kisa's Auchterarder Ltd £221,560 (2023 - £241,560). These two companies have the same directors and owners as Kisa's Ltd. The company received rent of £100,000 (2023 - £100,000) from Kisa's Restaurants during the year, and £83,333 (2023 - £283,333) in a management fee.