Registered number
05849947
Kappacasein Limited
Filleted Accounts
30 June 2024
Kappacasein Limited
Registered number: 05849947
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 16,374 14,940
Current assets
Stocks 6,276 16,909
Debtors 4 26,675 27,481
Cash at bank and in hand 119,083 68,064
152,034 112,454
Creditors: amounts falling due within one year 5 (115,147) (96,004)
Net current assets 36,887 16,450
Total assets less current liabilities 53,261 31,390
Provisions for liabilities (3,553) (2,925)
Net assets 49,708 28,465
Capital and reserves
Called up share capital 100 100
Profit and loss account 49,608 28,365
Shareholders' funds 49,708 28,465
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr W Ogelthorpe
Director
Approved by the board on 11 December 2024
Kappacasein Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% on reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 8
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 116,623 14,705 131,328
Additions 6,555 - 6,555
At 30 June 2024 123,178 14,705 137,883
Depreciation
At 1 July 2023 105,559 10,829 116,388
Charge for the year 4,152 969 5,121
At 30 June 2024 109,711 11,798 121,509
Net book value
At 30 June 2024 13,467 2,907 16,374
At 30 June 2023 11,064 3,876 14,940
4 Debtors 2024 2023
£ £
Trade debtors 3,439 5,160
Other debtors 23,236 22,321
26,675 27,481
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 23,678 33,051
Taxation and social security costs 40,969 35,157
Other creditors 50,500 27,796
115,147 96,004
6 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 121,432 154,737
7 Other information
Kappacasein Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Voyageur Industrial Estate
Spa Road
London
SE16 4RP
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