Registration number:
Kamila Kaim Limited
for the Year Ended 31 October 2024
Kamila Kaim Limited
Contents
Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
Kamila Kaim Limited
(Registration number: 07830698)
Balance Sheet as at 31 October 2024
Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Investment property |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Revaluation reserve |
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Retained earnings |
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Shareholders' funds |
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For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Kamila Kaim Limited
(Registration number: 07830698)
Balance Sheet as at 31 October 2024
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Kamila Kaim Limited
Statement of Changes in Equity for the Year Ended 31 October 2024
Share capital |
Revaluation reserve |
Retained earnings |
Total |
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At 1 November 2023 |
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Profit for the year |
- |
- |
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Dividends |
- |
- |
( |
( |
At 31 October 2024 |
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Share capital |
Revaluation reserve |
Retained earnings |
Total |
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At 1 November 2022 |
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Profit for the year |
- |
- |
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Dividends |
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- |
( |
( |
At 31 October 2023 |
1 |
169,380 |
503,893 |
673,274 |
Kamila Kaim Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities, and is shown net of rebates and discounts.
Tax
The tax expense for the period comprises current tax, and is recognised in profit or loss.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.
Kamila Kaim Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition.
Depreciation
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Equipment |
25% per annum on reducing balance |
Office equipment (including computers) |
25% per annum on cost |
Investment property
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition; it was initially recognised as an asset at cost and was subsequently measured at cost less accumulated amortisation.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
20% per annum on cost |
Trade debtors
Trade debtors are amounts due from clients for services performed in the ordinary course of business, and are recognised initially at the transaction price.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs, and are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Kamila Kaim Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Intangible assets |
Goodwill |
Total |
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Cost or valuation |
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At 1 November 2023 |
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At 31 October 2024 |
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Amortisation |
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At 1 November 2023 |
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At 31 October 2024 |
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Net book value |
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At 31 October 2024 |
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Tangible assets |
Equipment |
Total |
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Cost or valuation |
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At 1 November 2023 |
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Additions |
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At 31 October 2024 |
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Depreciation |
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At 1 November 2023 |
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Charge for the year |
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At 31 October 2024 |
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Net book value |
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At 31 October 2024 |
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At 31 October 2023 |
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Kamila Kaim Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024
Investment properties |
2024 |
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At 1 November |
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At 31 October |
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The investment properties have been valued to a fair value by the director.
Debtors |
2024 |
2023 |
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Trade debtors |
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Other debtors |
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Creditors |
Amounts falling due within one year
Note |
2024 |
2023 |
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Bank loans and overdrafts |
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Taxation and social security |
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Other creditors |
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Amounts falling due after more than one year
Note |
2024 |
2023 |
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Loans and borrowings |
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Kamila Kaim Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024
Loans and borrowings |
Non-current loans and borrowings
2024 |
2023 |
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Bank borrowings |
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Current loans and borrowings
2024 |
2023 |
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Bank borrowings |
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Bank borrowings
The mortgage is secured by way of a charge registered on 4 February 2022 against property owned by the company. |
Related party transactions |
Summary of transactions with other related parties
During the year the company loaned funds to companies under common ownership and control. At the Balance Sheet date the amount due was £335,665 (2023 £247,794).