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Registered number: 8421646
Koyi Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
ZA LTD
FMAAT AND FFA
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Statement of Changes in Equity 4
Notes to the Financial Statements 5—6
Page 1
Accountants' Report
Report of the Accountant to the director of Koyi Ltd
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 29 February 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Signed
ZA Ltd
29/11/2024
ZA LTD
FMAAT AND FFA
Page 1
Page 2
Balance Sheet
Registered number: 8421646
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 132,497 165,401
132,497 165,401
CURRENT ASSETS
Debtors 5 76,436 140,156
Cash at bank and in hand 127,997 122,656
204,433 262,812
Creditors: Amounts Falling Due Within One Year 6 (36,085 ) (47,045 )
NET CURRENT ASSETS (LIABILITIES) 168,348 215,767
TOTAL ASSETS LESS CURRENT LIABILITIES 300,845 381,168
Creditors: Amounts Falling Due After More Than One Year 7 (178,191 ) (224,808 )
NET ASSETS 122,654 156,360
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 122,554 156,260
SHAREHOLDERS' FUNDS 122,654 156,360
Page 2
Page 3
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Soulaf Hermiz
Director
29/11/2024
The notes on pages 5 to 6 form part of these financial statements.
Page 3
Page 4
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 March 2022 100 85,525 85,625
Profit for the year and total comprehensive income - 90,735 90,735
Dividends paid - (20,000) (20,000)
As at 28 February 2023 and 1 March 2023 100 156,260 156,360
Loss for the year and total comprehensive income - (15,706 ) (15,706)
Dividends paid - (18,000) (18,000)
As at 29 February 2024 100 122,554 122,654
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Koyi Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 8421646 . The registered office is 28 Roundways, Ruislip, Middlesex, HA4 6DZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% reduced balance
Computer Equipment 15% reduced balance
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 217,323 6,882 224,205
As at 29 February 2024 217,323 6,882 224,205
Depreciation
As at 1 March 2023 55,449 3,355 58,804
Provided during the period 32,375 529 32,904
As at 29 February 2024 87,824 3,884 91,708
Net Book Value
As at 29 February 2024 129,499 2,998 132,497
As at 1 March 2023 161,874 3,527 165,401
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 156
Other debtors 76,436 140,000
76,436 140,156
Page 5
Page 6
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 3,890
Other taxes and social security - 307
VAT 4,283 -
Accruals and deferred income 2,094 2,024
Director's loan account 29,708 40,824
36,085 47,045
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 37,005 41,743
Car loan - 41,879
Other loan 141,186 141,186
178,191 224,808
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Dividends paid to directors
10. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 18,000 20,000
Page 6