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REGISTERED NUMBER: 11296858 (England and Wales)















KOBIT-A LIMITED

Unaudited Financial Statements for the Year Ended 30 April 2024






KOBIT-A LIMITED (REGISTERED NUMBER: 11296858)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KOBIT-A LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTORS: J D Codona
G J Codona





REGISTERED OFFICE: 2nd Floor
Kelburn House
7-19 Mosley Street
Newcastle Upon Tyne
Tyne and Wear
NE1 1YE





REGISTERED NUMBER: 11296858 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

KOBIT-A LIMITED (REGISTERED NUMBER: 11296858)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 588,502 545,053

CURRENT ASSETS
Stocks 8,939 5,888
Debtors 5 79,445 530,782
Cash at bank - 31,365
88,384 568,035
CREDITORS
Amounts falling due within one year 6 640,005 785,341
NET CURRENT LIABILITIES (551,621 ) (217,306 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,881

327,747

CREDITORS
Amounts falling due after more than one
year

7

34,915

33,098
NET ASSETS 1,966 294,649

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,866 294,549
SHAREHOLDERS' FUNDS 1,966 294,649

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

KOBIT-A LIMITED (REGISTERED NUMBER: 11296858)

Balance Sheet - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by:





J D Codona - Director


KOBIT-A LIMITED (REGISTERED NUMBER: 11296858)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Kobit-A Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 5% on reducing balance
Fixtures and fittings - 5% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 28 ) .

KOBIT-A LIMITED (REGISTERED NUMBER: 11296858)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 May 2023 67,380 578,233 645,613
Additions 1,683 71,305 72,988
At 30 April 2024 69,063 649,538 718,601
DEPRECIATION
At 1 May 2023 8,772 91,788 100,560
Charge for year 3,147 26,392 29,539
At 30 April 2024 11,919 118,180 130,099
NET BOOK VALUE
At 30 April 2024 57,144 531,358 588,502
At 30 April 2023 58,608 486,445 545,053

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,038 10,119
Amounts owed by group undertakings - 363,017
Other debtors 14,329 112,100
Directors' current accounts - 4,811
Prepayments 56,078 40,735
79,445 530,782

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 22,503 10,000
Other loans 27,308 -
Trade creditors 99,392 182,104
Amounts owed to group undertakings 95,162 -
Social security and other taxes 213,560 307,620
Other creditors 9,929 33,106
Directors' current accounts - 76,842
Accrued expenses 172,151 175,669
640,005 785,341

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 24,915 23,098
34,915 33,098

KOBIT-A LIMITED (REGISTERED NUMBER: 11296858)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 130,000 130,000
Between one and five years 520,000 520,000
In more than five years 561,315 691,315
1,211,315 1,341,315

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 34,915 43,098

The bank loan is secured by a government guarantee

10. RELATED PARTY DISCLOSURES

At the balance sheet date the following balances were owed:

The Innvest Leisure Group Limited is owed £103,158 (2023: £86,788)

Innvest Leisure (Sheff Bo) Limited is owed £11,868 (2023: £13,030 owed from Innvest Leisure (Sheff Bo) Limited)

Kobit-B Limited is owed £319,763 (2023: £293,767 owed from Kobit-B Limited)

Kobit-C Limited owes £301,737.72 (2023: £331,477)

Kobit E Limited owes £37,792 (2023: NIL)

Kobit G Limited owes £100 (2023: NIL)