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REGISTERED NUMBER: 11296117 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Kushi-Ya Limited

Kushi-Ya Limited (Registered number: 11296117)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kushi-Ya Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: S G Carlin
T O Clay





REGISTERED OFFICE: 14a Low Pavement
Nottingham
Nottinghamshire
NG1 7DL





REGISTERED NUMBER: 11296117 (England and Wales)





ACCOUNTANTS: Mabe Allen LLP
Chartered Accountants
The Old Manse
29 St. Mary Street
Ilkeston
Derbyshire
DE7 8AB

Kushi-Ya Limited (Registered number: 11296117)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 216,254 59,646

CURRENT ASSETS
Stocks 4,250 8,000
Debtors 5 7,364 6,817
Cash at bank and in hand 218,778 250,850
230,392 265,667
CREDITORS
Amounts falling due within one year 6 169,390 166,576
NET CURRENT ASSETS 61,002 99,091
TOTAL ASSETS LESS CURRENT
LIABILITIES

277,256

158,737

CREDITORS
Amounts falling due after more than one
year

7

(8,333

)

(36,056

)

PROVISIONS FOR LIABILITIES (43,822 ) (13,406 )
NET ASSETS 225,101 109,275

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 225,001 109,175
SHAREHOLDERS' FUNDS 225,101 109,275

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.

Kushi-Ya Limited (Registered number: 11296117)

Balance Sheet - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by:




S G Carlin - Director



T O Clay - Director


Kushi-Ya Limited (Registered number: 11296117)

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


1. STATUTORY INFORMATION

Kushi-Ya 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 company's place of business is the registered office.

The figures in the financial statements are rounded to the nearest £1.

The company is not a member of a group and these financial statements therefore cover only the individual company.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at the point of delivery to the customer.

Kushi-Ya Limited (Registered number: 11296117)

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


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Over life of lease
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.


Kushi-Ya Limited (Registered number: 11296117)

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


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 46,378 57,806 43,665 2,231 150,080
Additions 40,967 13,032 151,486 542 206,027
At 31 August 2024 87,345 70,838 195,151 2,773 356,107
DEPRECIATION
At 1 September 2023 39,167 29,289 20,439 1,539 90,434
Charge for year 7,211 19,848 21,720 640 49,419
At 31 August 2024 46,378 49,137 42,159 2,179 139,853
NET BOOK VALUE
At 31 August 2024 40,967 21,701 152,992 594 216,254
At 31 August 2023 7,211 28,517 23,226 692 59,646

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 7,364 6,817

Kushi-Ya Limited (Registered number: 11296117)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Other loans 18,435 24,000
Trade creditors 32,465 23,887
Corporation tax 11,187 47,159
Social security and other taxes 15,324 6,546
VAT 19,911 40,168
Other creditors 640 2,758
Pension control 1,117 854
Accruals 60,311 11,204
169,390 166,576

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - due after 1 year 8,333 18,333
Other loans - due after 1 year - 17,723
8,333 36,056

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. OTHER FINANCIAL COMMITMENTS

During the year the company entered into operating leases and are committed to the following remaining amounts in respect of the leases:

Ending more than 5 years from the year end date:
Land and property: £270,000 (2023: £19,617 ending in 1 year).