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Registered number: 09890520
K&B Southall Ltd
Financial Statements
For The Year Ended 30 November 2024
BBK Partnership
Chartered Accountants & Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 09890520
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 92,800 98,600
Tangible Assets 5 81,432 93,829
174,232 192,429
CURRENT ASSETS
Stocks 6 22,356 23,039
Debtors 7 56 14,699
Cash at bank and in hand 42,136 25,303
64,548 63,041
Creditors: Amounts Falling Due Within One Year 8 (403,218 ) (425,234 )
NET CURRENT ASSETS (LIABILITIES) (338,670 ) (362,193 )
TOTAL ASSETS LESS CURRENT LIABILITIES (164,438 ) (169,764 )
Creditors: Amounts Falling Due After More Than One Year 9 (12,000 ) (12,000 )
NET LIABILITIES (176,438 ) (181,764 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Income Statement (176,538 ) (181,864 )
SHAREHOLDERS' FUNDS (176,438) (181,764)
Page 1
Page 2
For the year ending 30 November 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr A Rahimi
Director
Mr B Ahmed
Director
08/05/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
K&B Southall Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09890520 . The registered office is 154 The Broadway, Southall, UB1 1NN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15%
Motor Vehicles 20%
Fixtures & Fittings 20%
Computer Equipment 18%
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 38 (2023: 40)
38 40
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Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2023 145,000
As at 30 November 2024 145,000
Amortisation
As at 1 December 2023 46,400
Provided during the period 5,800
As at 30 November 2024 52,200
Net Book Value
As at 30 November 2024 92,800
As at 1 December 2023 98,600
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2023 53,893 37,719 132,618 5,597 229,827
Additions - - 1,422 4,606 6,028
As at 30 November 2024 53,893 37,719 134,040 10,203 235,855
Depreciation
As at 1 December 2023 26,326 7,544 100,302 1,826 135,998
Provided during the period 4,135 6,035 6,747 1,508 18,425
As at 30 November 2024 30,461 13,579 107,049 3,334 154,423
Net Book Value
As at 30 November 2024 23,432 24,140 26,991 6,869 81,432
As at 1 December 2023 27,567 30,175 32,316 3,771 93,829
6. Stocks
2024 2023
£ £
Finished goods 22,356 23,039
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 56 14,699
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 52,121 122,347
Amounts owed to group undertakings - (50,000 )
Other creditors 327,667 330,789
Taxation and social security 23,430 22,098
403,218 425,234
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 1-2 years 12,000 12,000
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5