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Company Registration No. 10724245 (England and Wales)
Kibi Limited Unaudited accounts for the year ended 30 April 2024
Kibi Limited Unaudited accounts Contents
Page
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Kibi Limited Company Information for the year ended 30 April 2024
Director
Mr Kenji Nagoshi
Company Number
10724245 (England and Wales)
Registered Office
Morritt House 54-60 Station Approach South Ruislip HA4 6SA
Accountants
Daniel Consultancy Morritt House 54-60 Station Approach South Ruislip Ruislip HA4 6SA
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Kibi Limited Accountants' report
Accountants' report to the director of Kibi Limited on the preparation of the unaudited statutory accounts for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Kibi Limited for the year ended 30 April 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Kibi Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Kibi Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kibi Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Kibi Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Kibi Limited. You consider that Kibi Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Kibi Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Daniel Consultancy Morritt House 54-60 Station Approach South Ruislip Ruislip HA4 6SA 25 October 2024
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Kibi Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,374 
1,926 
Current assets
Debtors
43,905 
24,769 
Cash at bank and in hand
(2,131)
4,399 
41,774 
29,168 
Creditors: amounts falling due within one year
(19,482)
(3,463)
Net current assets
22,292 
25,705 
Total assets less current liabilities
24,666 
27,631 
Creditors: amounts falling due after more than one year
(21,857)
(25,732)
Net assets
2,809 
1,899 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
2,709 
1,799 
Shareholders' funds
2,809 
1,899 
For the year ending 30 April 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 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 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 and authorised for issue on 25 October 2024 and were signed on its behalf by
Mr Kenji Nagoshi Director Company Registration No. 10724245
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Kibi Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Kibi Limited is a private company, limited by shares, registered in England and Wales, registration number 10724245. The registered office is Morritt House, 54-60 Station Approach, South Ruislip, HA4 6SA.
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.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of 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.
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:
Fixtures & fittings
20% on Straight Line basis
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
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Kibi Limited Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 May 2023
2,412 
Additions
1,001 
At 30 April 2024
3,413 
Depreciation
At 1 May 2023
486 
Charge for the year
553 
At 30 April 2024
1,039 
Net book value
At 30 April 2024
2,374 
At 30 April 2023
1,926 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,091 
2,500 
Accrued income and prepayments
- 
95 
Other debtors
37,814 
22,174 
43,905 
24,769 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
827 
215 
Trade creditors
12 
- 
Taxes and social security
2,454 
2,248 
Other creditors
16,189 
1,000 
19,482 
3,463 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
21,857 
25,732 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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