Kozzi Taste Ltd
Registered number: 10460050
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 29,403 36,754
Current assets
Stocks 2,610 2,470
Debtors 4 197,901 138,604
Cash at bank and in hand 5,857 25,239
206,368 166,313
Creditors: amounts falling due within one year 5 (52,927) (50,829)
Net current assets 153,441 115,484
Total assets less current liabilities 182,844 152,238
Creditors: amounts falling due after more than one year 6 (27,049) (43,280)
Net assets 155,795 108,958
Capital and reserves
Called up share capital 100 100
Profit and loss account 155,695 108,858
Shareholders' funds 155,795 108,958
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
X S Jin
Director
Approved by the board on 11 July 2025
Kozzi Taste Ltd
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Motor vehicle 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 8
3 Tangible fixed assets
Plant and machinery etc Motor vehicle Total
£ £ £
Cost
At 1 December 2023 84,113 29,109 113,222
At 30 November 2024 84,113 29,109 113,222
Depreciation
At 1 December 2023 65,988 10,480 76,468
Charge for the year 3,625 3,726 7,351
At 30 November 2024 69,613 14,206 83,819
Net book value
At 30 November 2024 14,500 14,903 29,403
At 30 November 2023 18,125 18,629 36,754
4 Debtors 2024 2023
£ £
Trade debtors 3,901 -
Other debtors 194,000 138,604
197,901 138,604
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 803 1,141
Corporation tax 29,318 28,943
Other taxes and social security costs 419 123
Other creditors 22,387 20,622
52,927 50,829
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 15,103 25,101
Obligations under finance lease and hire purchase contracts 11,946 18,179
27,049 43,280
7 Other information
Kozzi Taste Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Suite 41, Chessington Business Centre
37 Cox Lane
Chessington
Surrey
KT9 1SD
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