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Registered number: 11826574
The Kyoot Company Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11826574
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 - 19,329
- 19,329
CURRENT ASSETS
Stocks 6 - 7,744
Debtors 7 5,484 62,263
Cash at bank and in hand 3,848 65,672
9,332 135,679
Creditors: Amounts Falling Due Within One Year 8 (5,651 ) (15,831 )
NET CURRENT ASSETS (LIABILITIES) 3,681 119,848
TOTAL ASSETS LESS CURRENT LIABILITIES 3,681 139,177
NET ASSETS 3,681 139,177
CAPITAL AND RESERVES
Called up share capital 9 2 2
Share premium account 449,999 449,999
Profit and Loss Account (446,320 ) (310,824 )
SHAREHOLDERS' FUNDS 3,681 139,177
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For the year ending 29 February 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Noor Freiha
Director
6th February 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
The Kyoot Company Limited is a private company, limited by shares, incorporated in England & Wales , registered number 11826574. The registered office is Castle House, Castle Street, Guildford, Surrey, England, GU1 3UW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are branding. It is amortised to profit and loss account using 66.66% Straight Line method.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight Line
Fixtures & Fittings 33.33% Straight Line
Computer Equipment 25% Straight Line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
4. Intangible Assets
Other
£
Cost
As at 1 March 2023 -
Additions 10,250
Disposals (10,250 )
As at 29 February 2024 -
Amortisation
As at 1 March 2023 -
Provided during the period 5,806
Disposals (5,806 )
As at 29 February 2024 -
Net Book Value
As at 29 February 2024 -
As at 1 March 2023 -
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 23,677 - 1,505 25,182
Additions - 1,806 - 1,806
Disposals (23,677 ) (1,806 ) (1,505 ) (26,988 )
As at 29 February 2024 - - - -
Depreciation
As at 1 March 2023 5,768 - 85 5,853
Provided during the period 5,919 502 376 6,797
Disposals (11,687 ) (502 ) (461 ) (12,650 )
As at 29 February 2024 - - - -
Net Book Value
As at 29 February 2024 - - - -
As at 1 March 2023 17,909 - 1,420 19,329
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6. Stocks
2024 2023
£ £
Finished goods - 7,744
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 109 6,452
Other debtors 5,375 55,811
5,484 62,263
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 798 3,923
Other creditors 4,853 10,779
Taxation and social security - 1,129
5,651 15,831
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Ultimate Controlling Party
The company's ultimate controlling party is Ms Noor Freiha by virtue of her ownership of 63% of the issued share capital in the company.
11. Going Concern
The financial statements have been prepared on a break-up basis following the director's decision to cease trading within the next 12 months. Under the break-up basis, fixed assets have been written down to their net realizable value. As the entity is ceasing trading, the recoverable value of these assets is deemed to be nil. Accordingly, the carrying value of all fixed assets has been written off. Balances on loans that are not expected to be settled post year-end have also been written off.
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