Registered number
12225217
Kooka Developments Limited
Filleted Accounts
30 September 2024
Kooka Developments Limited
Registered number: 12225217
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 205,714 60,805
Current assets
Debtors 4 169,744 282,695
Cash at bank and in hand 733,197 153,952
902,941 436,647
Creditors: amounts falling due within one year 5 (254,818) (143,520)
Net current assets 648,123 293,127
Total assets less current liabilities 853,837 353,932
Creditors: amounts falling due after more than one year 6 (77,081) (13,713)
Provisions for liabilities (51,428) (15,201)
Net assets 725,328 325,018
Capital and reserves
Called up share capital 100 100
Profit and loss account 725,228 324,918
Shareholder's funds 725,328 325,018
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 member has 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 B Cook
Director
Approved by the board on 10 February 2025
Kooka Developments Limited
Notes to the Accounts
for the year ended 30 September 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
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:
Computer Equipment 25 % Reducing balance
Plant and machinery 25 % Reducing balance
Motor vehicles 25 % Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
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 6
3 Tangible fixed assets
Computer Equipment Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 October 2023 2,023 10,605 99,954 112,582
Additions 734 9,500 166,481 176,715
At 30 September 2024 2,757 20,105 266,435 289,297
Depreciation
At 1 October 2023 506 6,548 44,723 51,777
Charge for the year 379 1,920 29,507 31,806
At 30 September 2024 885 8,468 74,230 83,583
Net book value
At 30 September 2024 1,872 11,637 192,205 205,714
At 30 September 2023 1,517 4,057 55,231 60,805
4 Debtors 2024 2023
£ £
Trade debtors 5,899 183,668
VAT 63,855 49,027
Other debtors 99,990 50,000
169,744 282,695
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 15,956 19,037
Taxation and social security costs 222,267 107,107
Other creditors 16,595 17,376
254,818 143,520
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 8,675 13,713
Obligations under finance lease and hire purchase contracts 68,406 -
77,081 13,713
7 Events after the reporting date
There have been no known events since the balance sheet date which require disclosure or which would materially affect the amounts in the accounts, other than those already disclosed or included in the accounts.
8 Pension commitments
There are no known pension commitments which require disclosure or which would materially affect the amounts in the accounts, other than those already disclosed or included in the accounts.
9 Contingent liabilities
There are no known contingent liabilities which require disclosure or which would materially affect the amounts in the accounts, other than those already disclosed or included in the accounts.
10 Related party transactions
Total dividends of £293,000 were paid during the year to the shareholder of the company. As at the year end the company owed £703 to Mr B Cook. The loan is interest free with no fixed date for repayment.
11 Controlling party
The company is under the control of Mr B Cook, being director and shareholder of the company.
12 Other information
Kooka Developments Limited is a private company limited by shares and incorporated in England. Its registered office is:
10-11 Williams Way
Wollaston
Wellingborough
Northamptonshire
NN29 7RQ
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