Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01falseNo description of principal activity44truetruefalse 04718585 2023-04-01 2024-03-31 04718585 2022-04-01 2023-03-31 04718585 2024-03-31 04718585 2023-03-31 04718585 c:Director1 2023-04-01 2024-03-31 04718585 d:PlantMachinery 2023-04-01 2024-03-31 04718585 d:PlantMachinery 2024-03-31 04718585 d:PlantMachinery 2023-03-31 04718585 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04718585 d:MotorVehicles 2023-04-01 2024-03-31 04718585 d:MotorVehicles 2024-03-31 04718585 d:MotorVehicles 2023-03-31 04718585 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04718585 d:FurnitureFittings 2023-04-01 2024-03-31 04718585 d:FurnitureFittings 2024-03-31 04718585 d:FurnitureFittings 2023-03-31 04718585 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04718585 d:OfficeEquipment 2023-04-01 2024-03-31 04718585 d:OfficeEquipment 2024-03-31 04718585 d:OfficeEquipment 2023-03-31 04718585 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04718585 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04718585 d:Goodwill 2023-04-01 2024-03-31 04718585 d:Goodwill 2024-03-31 04718585 d:Goodwill 2023-03-31 04718585 d:CurrentFinancialInstruments 2024-03-31 04718585 d:CurrentFinancialInstruments 2023-03-31 04718585 d:Non-currentFinancialInstruments 2024-03-31 04718585 d:Non-currentFinancialInstruments 2023-03-31 04718585 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04718585 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04718585 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 04718585 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 04718585 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 04718585 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 04718585 d:ShareCapital 2024-03-31 04718585 d:ShareCapital 2023-03-31 04718585 d:RetainedEarningsAccumulatedLosses 2024-03-31 04718585 d:RetainedEarningsAccumulatedLosses 2023-03-31 04718585 c:FRS102 2023-04-01 2024-03-31 04718585 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04718585 c:FullAccounts 2023-04-01 2024-03-31 04718585 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04718585 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 04718585 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 04718585 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 04718585 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 04718585 2 2023-04-01 2024-03-31 04718585 d:Goodwill d:OwnedIntangibleAssets 2023-04-01 2024-03-31 04718585 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 04718585









KAFECOM LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
KAFECOM LIMITED
REGISTERED NUMBER: 04718585

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 3 
50,400
75,600

Tangible assets
 4 
127,795
151,008

  
178,195
226,608

Current assets
  

Stocks
 5 
5,000
5,000

Debtors: amounts falling due within one year
 6 
96,513
3,461

Cash at bank and in hand
 7 
-
89,151

  
101,513
97,612

Creditors: amounts falling due within one year
 8 
(66,933)
(30,260)

Net current assets
  
 
 
34,580
 
 
67,352

Total assets less current liabilities
  
212,775
293,960

Creditors: amounts falling due after more than one year
 9 
(28,152)
(53,197)

  

Net assets
  
184,623
240,763


Capital and reserves
  

Called up share capital 
  
222
222

Profit and loss account
  
184,401
240,541

  
184,623
240,763


Page 1

 
KAFECOM LIMITED
REGISTERED NUMBER: 04718585
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 income and retained earnings 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 on 1 November 2024.




Charles Babumba
Director

The notes on pages 3 to 11 form part of these financial statements.
Page 2

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

1.


General information

Kafecom Limited ("the Company") is a private company limited by shares and incorporated in England and Wales. Its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London E11 1GA.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

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, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

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

2.Accounting policies (continued)

 
2.3

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.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

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

2.Accounting policies (continued)

 
2.8

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

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.

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
-
5 years
Motor vehicles
-
5 years
Fixtures and fittings
-
5 years
Office equipment
-
5 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.

 
2.10

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 weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting 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.

Page 5

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

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

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.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Page 6

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

2.Accounting policies (continued)


2.14
Financial instruments (continued)

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 7

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

3.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
252,000



At 31 March 2024

252,000



Amortisation


At 1 April 2023
176,400


Charge for the year on owned assets
25,200



At 31 March 2024

201,600



Net book value



At 31 March 2024
50,400



At 31 March 2023
75,600



Page 8

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

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
204,881
103,431
14,009
12,000
334,321


Additions
-
-
20,010
582
20,592



At 31 March 2024

204,881
103,431
34,019
12,582
354,913



Depreciation


At 1 April 2023
145,662
30,506
2,673
4,472
183,313


Charge for the year on owned assets
24,716
12,032
5,040
2,017
43,805



At 31 March 2024

170,378
42,538
7,713
6,489
227,118



Net book value



At 31 March 2024
34,503
60,893
26,306
6,093
127,795



At 31 March 2023
59,219
72,925
11,336
7,528
151,008


5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
5,000
5,000

5,000
5,000



6.


Debtors

2024
2023
£
£


Other debtors
96,513
3,461

96,513
3,461


Page 9

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

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
-
89,151

Less: bank overdrafts
(33,930)
-

(33,930)
89,151



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
33,930
-

Bank loans
9,600
-

Corporation tax
1,427
1,720

Obligations under finance lease and hire purchase contracts
18,476
25,040

Accruals and deferred income
3,500
3,500

66,933
30,260



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
12,583
31,667

Net obligations under finance leases and hire purchase contracts
15,569
21,530

28,152
53,197


Page 10

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

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
9,600
-


9,600
-

Amounts falling due 1-2 years

Bank loans
12,583
31,667


12,583
31,667



22,183
31,667



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
18,476
25,040

Between 1-5 years
15,569
21,530

34,045
46,570

 
Page 11