Registered number
04689784
KOALA KIDZ LTD
Filleted Accounts
31 May 2024
KOALA KIDZ LTD
Registered number: 04689784
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 211,000 211,000
Tangible assets 4 795,146 801,171
1,006,146 1,012,171
Current assets
Cash at bank and in hand 17,159 26,349
Creditors: amounts falling due within one year 5 (171,492) (179,617)
Net current liabilities (154,333) (153,268)
Total assets less current liabilities 851,813 858,903
Creditors: amounts falling due after more than one year 6 (702,244) (709,071)
Net assets 149,569 149,832
Capital and reserves
Called up share capital 1 1
Profit and loss account 149,568 149,831
Shareholders' funds 149,569 149,832
The directors are 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 directors acknowledge their 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 N Patel
Director
Approved by the board on 25 February 2025
KOALA KIDZ LTD
Notes to the Accounts
for the year ended 31 May 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Motor vehicles 25% reducing basis
Fixtures, fittings, tools and equipment 15% reducing basis
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.
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 7
3 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2023 211,000
At 31 May 2024 211,000
Amortisation
At 31 May 2024 -
Net book value
At 31 May 2024 211,000
At 31 May 2023 211,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 June 2023 768,267 42,932 38,610 849,809
Additions - 2,124 - 2,124
At 31 May 2024 768,267 45,056 38,610 851,933
Depreciation
At 1 June 2023 - 38,986 9,652 48,638
Charge for the year - 910 7,239 8,149
At 31 May 2024 - 39,896 16,891 56,787
Net book value
At 31 May 2024 768,267 5,160 21,719 795,146
At 31 May 2023 768,267 3,946 28,958 801,171
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 30,709 39,270
Taxation and social security costs 11,947 11,527
Other creditors 128,836 128,820
171,492 179,617
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 10,343 49,731
Other creditors 691,901 659,340
702,244 709,071
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 20,709 58,539
The bank loans are secured on the freehold properties.
8 Controlling party
The Ultimate holding company is Data-Tech Consultancy (UK) Ltd.
9 Other information
KOALA KIDZ LTD is a private company limited by shares and incorporated in England. Its registered office is:
Old Buttery Day Nursery
16 High Street
Willingham
Cambridgeshire
CB24 5ES
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