Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31false2023-04-01false22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12685532 2023-04-01 2024-03-31 12685532 2022-04-01 2023-03-31 12685532 2024-03-31 12685532 2023-03-31 12685532 c:Director1 2023-04-01 2024-03-31 12685532 d:OfficeEquipment 2023-04-01 2024-03-31 12685532 d:OfficeEquipment 2024-03-31 12685532 d:OfficeEquipment 2023-03-31 12685532 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12685532 d:ComputerEquipment 2023-04-01 2024-03-31 12685532 d:ComputerEquipment 2024-03-31 12685532 d:ComputerEquipment 2023-03-31 12685532 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12685532 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12685532 d:CurrentFinancialInstruments 2024-03-31 12685532 d:CurrentFinancialInstruments 2023-03-31 12685532 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12685532 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12685532 d:ShareCapital 2024-03-31 12685532 d:ShareCapital 2023-03-31 12685532 d:RetainedEarningsAccumulatedLosses 2024-03-31 12685532 d:RetainedEarningsAccumulatedLosses 2023-03-31 12685532 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 12685532 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 12685532 c:OrdinaryShareClass1 2023-04-01 2024-03-31 12685532 c:OrdinaryShareClass1 2024-03-31 12685532 c:OrdinaryShareClass1 2023-03-31 12685532 c:FRS102 2023-04-01 2024-03-31 12685532 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12685532 c:FullAccounts 2023-04-01 2024-03-31 12685532 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12685532 2 2023-04-01 2024-03-31 12685532 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 12685532














THE KABS FAMILY LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
THE KABS FAMILY LIMITED
REGISTERED NUMBER:12685532

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
74,007
109,664

  
74,007
109,664

Current assets
  

Debtors: amounts falling due within one year
 5 
188,108
39,001

Cash at bank
 6 
186,946
266,466

  
375,054
305,467

Creditors: amounts falling due within one year
 7 
(63,970)
(25,645)

Net current assets
  
 
 
311,084
 
 
279,822

Total assets less current liabilities
  
385,091
389,486

Provisions for liabilities
  

Deferred tax
 8 
(18,502)
-

  
 
 
(18,502)
 
 
-

Net assets
  
366,589
389,486


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
366,489
389,386

  
366,589
389,486


Page 1

 
THE KABS FAMILY LIMITED
REGISTERED NUMBER:12685532
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Tay Kabs
Director

Date: 29 April 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
THE KABS FAMILY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The Kabs Family Limited is a private company, limited by shares, registered in England and Wales, registration number 12685532. During the year, the company changed its registered office address from Belgrave House, 39-43 Monument Hill, Weybridge Surrey, KT13 8RN to Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
 
The principal activity of the company continued to be that of sales of motion picture, video and television programme post-production activities.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of the Financial Reporting Standard 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.

  
2.2

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from sales of motion picture, video and television programme and post-production activities is recognised when it is probable the company will receive the rights to the consideration due under the contract.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
THE KABS FAMILY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
20%
straight-line
Computer equipment
-
33%
straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

 
2.8

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

Page 4

 
THE KABS FAMILY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

 Creditors

Short-term creditors are measured at the transaction price.

 
2.10

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, trade and other creditors, and loans with related parties.

 
2.11

 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost 


At 1 April 2023
8,682
129,009
137,691


Additions
1,585
9,523
11,108



At 31 March 2024

10,267
138,532
148,799



Depreciation


At 1 April 2023
385
27,642
28,027


Charge for the year
1,990
44,775
46,765



At 31 March 2024

2,375
72,417
74,792



Net book value



At 31 March 2024
7,892
66,115
74,007



At 31 March 2023
8,297
101,367
109,664

Page 5

 
THE KABS FAMILY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
46,454
39,000

Other debtors
118,870
1

Prepayments
22,784
-

188,108
39,001



6.


Cash

2024
2023
£
£

Cash at bank
186,946
266,466



7.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
2,609
662

Corporation tax
36,917
893

Other taxation and social security
13,288
23,949

Other creditors
-
141

Accruals
11,156
-

63,970
25,645



8.


Deferred taxation




2024


£






Charged to profit or loss
18,502



At end of year
18,502

The deferred taxation balance is made up as follows:

2024
2023
£
£


Fixed asset timing differences
18,502
-

Page 6

 
THE KABS FAMILY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) ordinary shares of £1.00 each
100
100



10.


Transactions with directors

As at the year end, the directors owed £118,870 to the company (2023 - company owed £141 to the directors). Interest at an official rate has been charged on this loan, the loan is unsecured and repayable on demand.
During the year, dividends of £75,400 (2023 - £122,000) were paid to the directors.

 
Page 7