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REGISTERED NUMBER: 08172272 (England and Wales)















Kaspas Desserts Ltd

Unaudited Financial Statements for the Year Ended 31 October 2024






Kaspas Desserts Ltd (Registered number: 08172272)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Kaspas Desserts Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Q A Rehman
A Rehman
D S Brar





REGISTERED OFFICE: Warwick House
Park Corner Road
Betsham
Southfleet
Kent
DA13 9LN





REGISTERED NUMBER: 08172272 (England and Wales)





ACCOUNTANTS: Aggarwal & Co
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Kaspas Desserts Ltd (Registered number: 08172272)

Statement of Financial Position
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 598,963 683,856

CURRENT ASSETS
Inventories 15,185 17,322
Debtors 5 503,240 486,384
Cash at bank and in hand 2,000 36,417
520,425 540,123
CREDITORS
Amounts falling due within one year 6 964,923 797,454
NET CURRENT LIABILITIES (444,498 ) (257,331 )
TOTAL ASSETS LESS CURRENT LIABILITIES 154,465 426,525

CREDITORS
Amounts falling due after more than one
year

7

(9,023

)

(19,071

)

PROVISIONS FOR LIABILITIES (54,385 ) (102,451 )
NET ASSETS 91,057 305,003

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 15,633 15,633
Retained earnings 75,422 289,368
91,057 305,003

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Kaspas Desserts Ltd (Registered number: 08172272)

Statement of Financial Position - continued
31 October 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 16 July 2025 and were signed on its behalf by:





D S Brar - Director


Kaspas Desserts Ltd (Registered number: 08172272)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Kaspas Desserts Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Income recognition
Income represents the fair value of consideration received or receivable derived from the provision of goods and services to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of a till receipt.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - Over the term of the lease
Plant and machinery etc - 25% on reducing balance and Over the term of the lease

Freehold property is included at fair value and gains are recognised in the revaluation reserve. Depreciation is not provided where the residual value exceeds the carrying amount of the property. Deferred taxation is provided on the revaluation gains at the rate expected to apply when the property is disposed.

Inventories
Inventories are measured 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 an appropriate proportion of attributable overheads according to the stage of manufacture/completion.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Kaspas Desserts Ltd (Registered number: 08172272)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2023 - 49 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 November 2023 533,324 1,034,904 1,568,228
Additions - 938 938
At 31 October 2024 533,324 1,035,842 1,569,166
DEPRECIATION
At 1 November 2023 162,536 721,836 884,372
Charge for year 20,904 64,927 85,831
At 31 October 2024 183,440 786,763 970,203
NET BOOK VALUE
At 31 October 2024 349,884 249,079 598,963
At 31 October 2023 370,788 313,068 683,856

Kaspas Desserts Ltd (Registered number: 08172272)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 October 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2024 16,395 - 16,395
Cost 516,929 1,035,842 1,552,771
533,324 1,035,842 1,569,166

If freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 303,605 303,605
Aggregate depreciation 13,763 13,763

Value of land in freehold land and buildings 55,000 55,000

Freehold property was valued on an open market basis on 31 October 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 33,936 282,941
Amounts owed by associates 299,927 -
Other debtors 169,377 203,443
503,240 486,384

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 26,466 40,855
Trade creditors 242,808 104,358
Taxation and social security 16,346 45,215
Other creditors 679,303 607,026
964,923 797,454

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 9,023 19,071

Kaspas Desserts Ltd (Registered number: 08172272)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. LEASING AGREEMENTS
The company had total commitments under non-cancellable operating leases at the balance sheet date of £ 350,125.17 (2023: 1,133,052).