Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-3022242023-07-01falseNo description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02820414 2023-07-01 2024-06-30 02820414 2022-07-01 2023-06-30 02820414 2024-06-30 02820414 2023-06-30 02820414 2022-07-01 02820414 c:Director1 2023-07-01 2024-06-30 02820414 d:Buildings d:LongLeaseholdAssets 2023-07-01 2024-06-30 02820414 d:Buildings d:LongLeaseholdAssets 2024-06-30 02820414 d:Buildings d:LongLeaseholdAssets 2023-06-30 02820414 d:PlantMachinery 2023-07-01 2024-06-30 02820414 d:PlantMachinery 2024-06-30 02820414 d:PlantMachinery 2023-06-30 02820414 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02820414 d:MotorVehicles 2023-07-01 2024-06-30 02820414 d:MotorVehicles 2024-06-30 02820414 d:MotorVehicles 2023-06-30 02820414 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02820414 d:FurnitureFittings 2023-07-01 2024-06-30 02820414 d:FurnitureFittings 2024-06-30 02820414 d:FurnitureFittings 2023-06-30 02820414 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02820414 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02820414 d:CurrentFinancialInstruments 2024-06-30 02820414 d:CurrentFinancialInstruments 2023-06-30 02820414 d:Non-currentFinancialInstruments 2024-06-30 02820414 d:Non-currentFinancialInstruments 2023-06-30 02820414 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 02820414 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 02820414 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 02820414 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 02820414 d:ShareCapital 2024-06-30 02820414 d:ShareCapital 2023-06-30 02820414 d:RetainedEarningsAccumulatedLosses 2024-06-30 02820414 d:RetainedEarningsAccumulatedLosses 2023-06-30 02820414 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 02820414 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 02820414 d:RetirementBenefitObligationsDeferredTax 2024-06-30 02820414 d:RetirementBenefitObligationsDeferredTax 2023-06-30 02820414 c:FRS102 2023-07-01 2024-06-30 02820414 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 02820414 c:FullAccounts 2023-07-01 2024-06-30 02820414 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02820414 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 02820414










DESIGNER KASBAH LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
DESIGNER KASBAH LIMITED
REGISTERED NUMBER: 02820414

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
76,853
126,656

Current assets
  

Stocks
  
406,617
351,792

Debtors: amounts falling due within one year
 5 
47,342
33,071

Cash at bank and in hand
  
942,602
848,932

  
1,396,561
1,233,795

Creditors: amounts falling due within one year
 6 
(476,974)
(442,643)

Net current assets
  
 
 
919,587
 
 
791,152

Total assets less current liabilities
  
996,440
917,808

Creditors: amounts falling due after more than one year
 7 
(12,207)
-

Provisions for liabilities
  

Deferred tax
 8 
(18,838)
(22,850)

Net assets
  
965,395
894,958


Capital and reserves
  

Called up share capital 
  
100
106

Profit and loss account
  
965,295
894,852

  
965,395
894,958


Page 1

 
DESIGNER KASBAH LIMITED
REGISTERED NUMBER: 02820414
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The director considers 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 director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 2 December 2024.




C E Whiteside
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
DESIGNER KASBAH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Designer Kasbah Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 02820414). Its registered office is 123 - 125 Fitzwilliam Street, Sheffield, S1 4JP. The principal activity of the Company throughout the year continued to be that of furniture manufacturers.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentation currency is pounds sterling.

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

 
DESIGNER KASBAH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.3

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, as follows.

The depreciation rates used are:

Long leasehold
-
10%
straight line
Plant and machinery
-
15%
straight line
Motor vehicles
-
25%
straight line
Fixtures and fittings
-
25%
straight line

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 the Statement of Income and Retained Earnings.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight line basis over the lease term.

 
2.5

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 the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
DESIGNER KASBAH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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. 

 
2.7

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 first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each Balance Sheet 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 the Statement of Income and Retained Earnings.

 
2.8

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.


3.


Employees

The average monthly number of employees, including directors, during the year was 22 (2023 - 24).

Page 5

 
DESIGNER KASBAH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Long leasehold
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 July 2023
175,639
225,490
10,250
60,983
472,362


Additions
-
1,259
-
8,353
9,612



At 30 June 2024

175,639
226,749
10,250
69,336
481,974



Depreciation


At 1 July 2023
140,384
140,640
10,249
54,433
345,706


Charge for the year on owned assets
17,564
33,871
1
7,979
59,415



At 30 June 2024

157,948
174,511
10,250
62,412
405,121



Net book value



At 30 June 2024
17,691
52,238
-
6,924
76,853



At 30 June 2023
35,255
84,850
1
6,550
126,656


5.


Debtors

2024
2023
£
£


Trade debtors
19,914
13,675

Prepayments and accrued income
27,428
19,396

47,342
33,071


Page 6

 
DESIGNER KASBAH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,206
30,651

Trade creditors
74,961
56,913

Corporation tax
108,008
64,539

Other taxation and social security
75,013
65,557

Other creditors
205,330
223,009

Accruals and deferred income
3,456
1,974

476,974
442,643



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
12,207
-



8.


Deferred taxation




2024
2023


£

£






At beginning of year
22,850
12,255


Charged to profit or loss
(4,012)
10,595



At end of year
18,838
22,850

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
19,213
22,850

Pension surplus
(375)
-

18,838
22,850

Page 7

 
DESIGNER KASBAH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £26,966 (2023 - £61,697). Contributions totalling £1,502 (2023 - £nil) were payable to the fund at the Balance Sheet date and are included in creditors.


10.


Controlling party

The controlling party of the Company is the Natural Bed Company Limited, a Company registered in England and Wales.

 
Page 8