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Company Registration No. 10375159 (England and Wales)
KEMCAFT LIMITED Unaudited accounts for the year ended 30 September 2024
KEMCAFT LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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KEMCAFT LIMITED Company Information for the year ended 30 September 2024
Director
Kemal Altundal
Company Number
10375159 (England and Wales)
Registered Office
40 WILLOUGHBY ROAD LONDON N8 0JG UNITED KINGDOM
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KEMCAFT LIMITED Statement of financial position as at 30 September 2024
2024
2023
Notes
£
£
Fixed assets
Intangible assets
4
24,998
29,165
Tangible assets
5
20,414
25,657
45,412
54,822
Current assets
Inventories
78,411
79,890
Debtors
6
5,215
5,215
Cash at bank and in hand
7,740
2,983
91,366
88,088
Creditors: amounts falling due within one year
7
(78,331)
(76,478)
Net current assets
13,035
11,610
Total assets less current liabilities
58,447
66,432
Creditors: amounts falling due after more than one year
8
(9,410)
(18,968)
Net assets
49,037
47,464
Capital and reserves
Called up share capital
9
1
1
Profit and loss account
49,036
47,463
Shareholders' funds
49,037
47,464
For the year ending 30 September 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 May 2025 and were signed on its behalf by
Kemal Altundal Director Company Registration No. 10375159
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KEMCAFT LIMITED Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
KEMCAFT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10375159. The registered office is 40 WILLOUGHBY ROAD, LONDON, N8 0JG, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance method
Fixtures & fittings
15% reducing balance method
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Intangible fixed assets
Goodwill is included at cost less accumulated amortisation. Goodwill will be amortised over 12 years to be fully amortised to nil value.
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KEMCAFT LIMITED Notes to the Accounts for the year ended 30 September 2024
4
Intangible fixed assets
Goodwill
£
Cost
At 1 October 2023
50,000
At 30 September 2024
50,000
Amortisation
At 1 October 2023
20,835
Charge for the year
4,167
At 30 September 2024
25,002
Net book value
At 30 September 2024
24,998
At 30 September 2023
29,165
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 October 2023
30,100
35,580
65,680
At 30 September 2024
30,100
35,580
65,680
Depreciation
At 1 October 2023
16,157
23,866
40,023
Charge for the year
3,486
1,757
5,243
At 30 September 2024
19,643
25,623
45,266
Net book value
At 30 September 2024
10,457
9,957
20,414
At 30 September 2023
13,943
11,714
25,657
6
Debtors
2024
2023
£
£
Amounts falling due within one year
Accrued income and prepayments
250
250
Other debtors
4,965
4,965
5,215
5,215
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
6,303
6,543
Obligations under finance leases and hire purchase contracts
3,987
3,987
Taxes and social security
8,180
7,882
Loans from directors
58,559
56,764
Accruals
1,302
1,302
78,331
76,478
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KEMCAFT LIMITED Notes to the Accounts for the year ended 30 September 2024
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
2,688
8,558
Obligations under finance leases and hire purchase contracts
6,722
10,410
9,410
18,968
9
Share capital
2024
2023
£
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
10
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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