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REGISTERED NUMBER: 03427208 (England and Wales)















Kaizen Antiques & Jewellery Limited

Unaudited Financial Statements for the Year Ended 31 August 2024






Kaizen Antiques & Jewellery Limited (Registered number: 03427208)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Kaizen Antiques & Jewellery Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mrs J A Brooks
J L Hunt





REGISTERED OFFICE: 88 The High Street
Rochester
Kent
ME1 1JT





REGISTERED NUMBER: 03427208 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Kaizen Antiques & Jewellery Limited (Registered number: 03427208)

Statement of Financial Position
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 360,565 365,972

CURRENT ASSETS
Inventories 181,756 199,095
Debtors 5 4,000 13,463
Cash at bank and in hand 82,815 51,457
268,571 264,015
CREDITORS
Amounts falling due within one year 6 130,317 139,610
NET CURRENT ASSETS 138,254 124,405
TOTAL ASSETS LESS CURRENT LIABILITIES 498,819 490,377

CREDITORS
Amounts falling due after more than one
year

7

(7,909

)

(39,722

)

PROVISIONS FOR LIABILITIES (37,511 ) (33,110 )
NET ASSETS 453,399 417,545

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 279,636 247,827
Retained earnings 173,663 169,618
SHAREHOLDERS' FUNDS 453,399 417,545

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Kaizen Antiques & Jewellery Limited (Registered number: 03427208)

Statement of Financial Position - continued
31 August 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2025 and were signed on its behalf by:




Mrs J A Brooks - Director



J L Hunt - Director


Kaizen Antiques & Jewellery Limited (Registered number: 03427208)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Kaizen Antiques & Jewellery Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Income recognition
Turnover represents net invoiced sales of goods and services, excluding value added tax and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - at varying rates on cost
Plant and machinery etc - 20% on reducing balance

Inventories
Inventories are measured at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable which are measured at fair value, with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Kaizen Antiques & Jewellery Limited (Registered number: 03427208)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 September 2023 400,000 44,591 444,591
Additions - 416 416
At 31 August 2024 400,000 45,007 445,007
DEPRECIATION
At 1 September 2023 40,151 38,468 78,619
Charge for year 4,546 1,277 5,823
At 31 August 2024 44,697 39,745 84,442
NET BOOK VALUE
At 31 August 2024 355,303 5,262 360,565
At 31 August 2023 359,849 6,123 365,972

Cost or valuation at 31 August 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2016 279,636 - 279,636
Cost 120,364 45,007 165,371
400,000 45,007 445,007

If freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 120,364 120,364
Aggregate depreciation 19,190 19,190

Value of land in freehold land and buildings 10,000 10,000

Freehold property was valued on an open market basis on 30 September 2016 by the directors .

The company has taken advantage of the transitional exemptions in FRS 102 to include revaluation as deemed cost. No further revaluations will be applied.

Kaizen Antiques & Jewellery Limited (Registered number: 03427208)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,276 8,160
Other debtors 1,724 5,303
4,000 13,463

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 31,030 31,056
Trade creditors 16,868 30,379
Taxation and social security 68,765 50,085
Other creditors 13,654 28,090
130,317 139,610

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 7,909 39,722

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 38,939 70,778

HSBC bank hold a first legal mortgage over the freehold property and a debenture comprising fixed and floating charges over all the assets and undertakings.