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Registered number: 05834528













KAADS KREATIONS LIMITED




UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 JUNE 2024

 
KAADS KREATIONS LIMITED
REGISTERED NUMBER:05834528

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
27
34

  
27
34

Current assets
  

Stocks
  
12,499
12,499

Debtors
  
619
619

  
13,118
13,118

Creditors: amounts falling due within one year
 6 
(27,380)
(26,681)

Net current liabilities
  
 
 
(14,262)
 
 
(13,563)

Total assets less current liabilities
  
(14,235)
(13,529)

Creditors: amounts falling due after more than one year
 7 
(20,949)
(20,949)

  

Net liabilities
  
(35,184)
(34,478)


Capital and reserves
  

Called up share capital 
  
959
959

Share premium account
  
19,191
19,191

Profit and loss account
  
(55,334)
(54,628)

  
(35,184)
(34,478)


Page 1

 
KAADS KREATIONS LIMITED
REGISTERED NUMBER:05834528
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

For the year ended 30 June 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
K Lowe
Director

Date: 12 March 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
KAADS KREATIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Kaads Kreation is a private company limited by shares and incorporated in England and Wales, registration number 05834528. The registered office is 7 Bulwer Road, Buxton-With-Lammas, Norwich, Norfolk, NR10 5HG.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

 
2.2

Going concern

At the year end the company had a shareholders' deficit. The director is confident with their support, it will be able to meet its obligations as and when they fell due and therefore the accounts are completed on a going concern basis.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
KAADS KREATIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment
-
20%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
KAADS KREATIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Intangible assets




Patents

£



Cost


At 1 July 2023
18,762



At 30 June 2024

18,762



Amortisation


At 1 July 2023
18,762



At 30 June 2024

18,762



Net book value



At 30 June 2024
-



At 30 June 2023
-



Page 5

 
KAADS KREATIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 July 2023
1,500



At 30 June 2024

1,500



Depreciation


At 1 July 2023
1,466


Charge for the year on owned assets
7



At 30 June 2024

1,473



Net book value



At 30 June 2024
27



At 30 June 2023
34


6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
900
900

Other creditors
25,731
25,069

Accruals and deferred income
749
712

27,380
26,681


Page 6

 
KAADS KREATIONS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
20,949
20,949

20,949
20,949


The aggregate amount of creditors for which security has been given amounted to £20,949 (2023: £20,949).

 
Page 7