KADWA IMPORTS & EXPORTS LTD Filleted Accounts Cover
KADWA IMPORTS & EXPORTS LTD
Company No. 12211791
Information for Filing with The Registrar
31 March 2024
KADWA IMPORTS & EXPORTS LTD Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 March 2024.
Principal activities
The principal activity of the company during the year under review was Wholesale of other food, including fish, crustaceans and molluscs.
Directors
The Directors who served at any time during the year were as follows:
Mohamed Ibrahim Umarji
Usman UMARJI
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
Mohamed Ibrahim Umarji
Director
31 March 2024
KADWA IMPORTS & EXPORTS LTD Balance Sheet Registrar
at
31 March 2024
Company No.
12211791
Notes
2024
2023
£
£
Current assets
Debtors
4
198,626173,178
Cash at bank and in hand
3401,606
198,966174,784
Creditors: Amount falling due within one year
5
(75,403)
(109,858)
Net current assets
123,56364,926
Total assets less current liabilities
123,56364,926
Creditors: Amounts falling due after more than one year
6
(11,234)
(21,638)
Net assets
112,32943,288
Capital and reserves
Called up share capital
61,600100
Profit and loss account
8
50,72943,188
Total equity
112,32943,288
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 March 2024 and signed on its behalf by:
Mohamed Ibrahim Umarji
Director
31 March 2024
KADWA IMPORTS & EXPORTS LTD Notes to the Accounts Registrar
for the year ended 31 March 2024
1
General information
KADWA IMPORTS & EXPORTS LTD is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 12211791
Its registered office is:
353 High Street North
London
E12 6PQ
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Currency
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
00
4
Debtors
2024
2023
£
£
Prepayments and accrued income
198,626173,178
198,626173,178
5
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,43310,916
Trade creditors
-11,521
Taxes and social security
7,473
5,704
Other creditors
56,29880,518
Accruals and deferred income
1,1991,199
75,403109,858
6
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
11,23421,638
11,23421,638
7
Share Capital
100 Ordinary £1 shares have been allocated to the share holders. Additional 61,500 ordinary £1 shares were issued and fully subscribed during the year.
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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