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Company No: 10360545 (England and Wales)

KASPAS SOUTH EAST LTD

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

KASPAS SOUTH EAST LTD

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

KASPAS SOUTH EAST LTD

COMPANY INFORMATION

For the financial year ended 30 September 2024
KASPAS SOUTH EAST LTD

COMPANY INFORMATION (continued)

For the financial year ended 30 September 2024
Directors Mr Sam Butcher
Mr Michael Butcher
Registered office Goldwell Manor Farm Goldwell Lane
Ashford
United Kingdom
Company number 10360545 (England and Wales)
Accountant Kreston Reeves LLP
37 St Margarets Street
Canterbury
Kent
CT1 2TU

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF KASPAS SOUTH EAST LTD

For the financial year ended 30 September 2024

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF KASPAS SOUTH EAST LTD (continued)

For the financial year ended 30 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of KASPAS SOUTH EAST LTD for the financial year ended 30 September 2024 which comprise the Balance Sheet and the related notes 1 to 10 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that KASPAS SOUTH EAST LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of KASPAS SOUTH EAST LTD. You consider that KASPAS SOUTH EAST LTD is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of KASPAS SOUTH EAST LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of KASPAS SOUTH EAST LTD, as a body, in accordance with the terms of our engagement letter dated 24 March 2022. Our work has been undertaken solely to prepare for your approval the financial statements of KASPAS SOUTH EAST LTD and state those matters that we have agreed to state to the Board of Directors of KASPAS SOUTH EAST LTD, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KASPAS SOUTH EAST LTD and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP
Chartered Accountants

37 St Margarets Street
Canterbury
Kent
CT1 2TU

21 February 2025

KASPAS SOUTH EAST LTD

BALANCE SHEET

As at 30 September 2024
KASPAS SOUTH EAST LTD

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 236,166 237,440
236,166 237,440
Current assets
Debtors 5 6,987 12,258
Cash at bank and in hand 89,087 96,243
96,074 108,501
Creditors: amounts falling due within one year 6 ( 117,283) ( 123,495)
Net current liabilities (21,209) (14,994)
Total assets less current liabilities 214,957 222,446
Creditors: amounts falling due after more than one year 7 ( 148,484) ( 189,139)
Net assets 66,473 33,307
Capital and reserves
Called-up share capital 8 2 2
Profit and loss account 66,471 33,305
Total shareholders' funds 66,473 33,307

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of KASPAS SOUTH EAST LTD (registered number: 10360545) were approved and authorised for issue by the Board of Directors on 21 February 2025. They were signed on its behalf by:

Mr Sam Butcher
Director
KASPAS SOUTH EAST LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
KASPAS SOUTH EAST LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

KASPAS SOUTH EAST LTD (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Goldwell Manor Farm Goldwell Lane, Ashford, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 5 years straight line
Vehicles 20 % reducing balance
Office equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 6 5

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 October 2023 33,000 33,000
At 30 September 2024 33,000 33,000
Accumulated amortisation
At 01 October 2023 33,000 33,000
At 30 September 2024 33,000 33,000
Net book value
At 30 September 2024 0 0
At 30 September 2023 0 0

4. Tangible assets

Land and buildings Plant and machinery Vehicles Office equipment Total
£ £ £ £ £
Cost
At 01 October 2023 193,179 169,807 25,150 4,809 392,945
Additions 0 11,524 0 1,302 12,826
At 30 September 2024 193,179 181,331 25,150 6,111 405,771
Accumulated depreciation
At 01 October 2023 0 148,302 5,030 2,173 155,505
Charge for the financial year 0 9,134 4,024 942 14,100
At 30 September 2024 0 157,436 9,054 3,115 169,605
Net book value
At 30 September 2024 193,179 23,895 16,096 2,996 236,166
At 30 September 2023 193,179 21,505 20,120 2,636 237,440

5. Debtors

2024 2023
£ £
Other debtors 6,987 12,258

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 42,016 40,474
Trade creditors 72 786
Taxation and social security 9,192 6,641
Other creditors 66,003 75,594
117,283 123,495

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 148,484 189,139

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2024 2023
£ £
Bank loans (repayable by instalments) 7,316 4,795

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 A ordinary share of £ 1.00 1 1
1 B ordinary share of £ 1.00 1 1
2 2

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
within one year 62,029 77,820
between one and five years 202,537 89,397
264,566 167,217

10. Ultimate controlling party

There is no controlling party of the company.