Registered number
SC482064
KAWA SONS & CO LIMITED
Filleted Accounts
30 November 2024
KAWA SONS & CO LIMITED
Registered number: SC482064
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 12,000 12,000
Tangible assets 4 5,118 5,290
17,118 17,290
Current assets
Stocks 13,485 15,565
Cash at bank and in hand 3,632 5,980
17,117 21,545
Creditors: amounts falling due within one year 5 (8,635) (9,960)
Net current assets 8,482 11,585
Total assets less current liabilities 25,600 28,875
Creditors: amounts falling due after more than one year 6 (24,814) (28,468)
Provisions for liabilities - -
Net assets 786 407
Capital and reserves
Called up share capital 100 100
Share premium - -
Profit and loss account 686 307
Shareholders' funds 786 407
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.
HARSHAD RATILAL KAWA
Director
Approved by the board on 13 January 2025
KAWA SONS & CO LIMITED
Notes to the Accounts
for the year ended 30 November 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.
Intangible fixed assets
Intangible fixed assets are measured at cost.
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 at 10% 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.
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.
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 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2023 12,000
Additions -
Disposals -
At 30 November 2024 12,000
Amortisation
At 1 December 2023 -
Provided during the year -
On disposals -
At 30 November 2024 -
Net book value
At 30 November 2024 12,000
At 30 November 2023 12,000
4 Tangible fixed assets
Fixtures & Fittings Total
£ £
Cost
At 1 December 2023 10,410 10,410
Additions 350 350
Surplus on revaluation - -
Disposals - -
At 30 November 2024 10,760 10,760
Depreciation
At 1 December 2023 5,120 5,120
Charge for the year 522 522
Surplus on revaluation - -
On disposals - -
At 30 November 2024 5,642 5,642
Net book value
At 30 November 2024 5,118 5,118
At 30 November 2023 5,290 5,290
5 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals 1,696 3,060
Taxation and social security costs 3,380 3,341
Other creditors 3,559 3,559
8,635 9,960
6 Creditors: amounts falling due after one year 2024 2023
£ £
Non-equity preference shares - -
Bank loans 24,814 28,468
Other creditors - -
24,814 28,468
7 Other information
KAWA SONS & CO LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is:
162 DARNLEY STREET
GLASGOW
G41 2LL
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