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Registered Number: 09837689
England and Wales

 

 

 

KAFIG UK LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 November 2023

End date: 31 October 2024
Director Kamaldeen Adesina
Registered Number 09837689
Registered Office 23 Morton Road
Wavendon
MILTON KEYNES
MK17 7BS
Accountants SRT Accounting Services Ltd
83 Heathbank Road
Higher Blackley
Manchester
M9 0WB
Bankers Lloyds Bank Plc



1
Report to the directors on the preparation of the unaudited statutory accounts of Kafig UK Ltd for the year ended 31 October 2024.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Kafig UK Ltd for the year ended 31 October 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/.
This report is made solely to the Board of Directors of Kafig UK Ltd, as a body, in accordance with the terms of our engagement letter dated 27 May 2025. Our work has been undertaken solely to prepare for your approval the accounts of Kafig UK Ltd and state those matters that we have agreed to state to the Board of Directors of Kafig UK Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kafig UK Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Kafig UK Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Kafig UK Ltd. You consider that Kafig UK Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Kafig UK Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 October 2024.



....................................................

SRT Accounting Services Ltd

83 Heathbank Road
Higher Blackley
Manchester
M9 0WB
27 May 2025
2
 
 
Notes
 
2024
£
  2023
£
Current assets      
Debtors: amounts falling due within one year 3 6,501    13,173 
Cash at bank and in hand 14    (417)
6,515    12,756 
Net current assets 6,515    12,756 
 
Total assets less current liabilities 6,515    12,756 
Creditors: amount falling due after more than one year 4 (8,138)   (11,250)
Net assets (1,623)   1,506 
 

Capital and reserves
     
Profit and loss account (1,623)   1,506 
Shareholders' funds (1,623)   1,506 
 


For the year ended 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:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 27 May 2025 and were signed by:


-------------------------------
Kamaldeen Adesina
Director
3
General Information
Kafig UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 09837689, registration address 23 Morton Road, Wavendon, MILTON KEYNES, MK17 7BS.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 6,501    13,173 
6,501    13,173 

4.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bounce Back Loan 8,138    11,250 
8,138    11,250 

5.

Share Capital

Authorised
1 Class A share of £1.00 each
Allotted, called up and fully paid
2024
£
  2023
£
1 Class A share of £1.00 each  
 

4