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Company Registration No. NI657583 (Northern Ireland)
Kaba Services Ltd Unaudited accounts for the year ended 31 March 2024
Kaba Services Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,750 
5,833 
Current assets
Inventories
72,989 
120,530 
Debtors
174,656 
149,128 
Cash at bank and in hand
28,078 
64,086 
275,723 
333,744 
Creditors: amounts falling due within one year
(207,628)
(265,819)
Net current assets
68,095 
67,925 
Total assets less current liabilities
81,845 
73,758 
Creditors: amounts falling due after more than one year
(66,228)
(58,500)
Net assets
15,617 
15,258 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
15,517 
15,158 
Shareholders' funds
15,617 
15,258 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2024 and were signed on its behalf by
Shaun Tweed Director Company Registration No. NI657583
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Kaba Services Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Kaba Services Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI657583. The registered office is 9 Agherton Drive, Portstewart, BT55 7HZ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing-Balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of electrical 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.
Going concern
The directors believe that the company Kaba Services Ltd has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements.
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Kaba Services Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 April 2023
17,500 
Additions
13,750 
Disposals
(9,000)
At 31 March 2024
22,250 
Depreciation
At 1 April 2023
11,667 
Charge for the year
5,833 
On disposals
(9,000)
At 31 March 2024
8,500 
Net book value
At 31 March 2024
13,750 
At 31 March 2023
5,833 
5
Inventories
2024 
2023 
£ 
£ 
Finished goods
72,989 
120,530 
72,989 
120,530 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
174,656 
149,128 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
31,341 
34,022 
Obligations under finance leases and hire purchase contracts
3,266 
3,500 
Trade creditors
47,053 
104,279 
Taxes and social security
51,632 
39,079 
Other creditors
14,836 
74,939 
Loans from directors
48,500 
- 
Accruals
1,000 
- 
207,628 
265,819 
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Kaba Services Ltd Notes to the Accounts for the year ended 31 March 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,667 
21,667 
Obligations under finance leases and hire purchase contracts
9,799 
2,333 
Other creditors
44,762 
34,500 
66,228 
58,500 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
23 A Ordinary shares of £1 each
23 
23 
20 B Ordinary shares of £1 each
20 
77 
35 C Ordinary shares of £1 each
35 
- 
22 D Ordinary shares of £1 each
22 
- 
100 
100 
Shares issued during the period:
35 C Ordinary shares of £1 each
35 
22 D Ordinary shares of £1 each
22 
57 
10
Average number of employees
During the year the average number of employees was 6 (2023: 5).
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