Registered number
12306909
Kappasushi Ltd
Filleted Accounts
30 November 2024
Kappasushi Ltd
Registered number: 12306909
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 51,822 62,187
Tangible assets 4 109,898 137,372
161,720 199,559
Current assets
Stocks 18,770 10,230
Debtors 5 215,215 288,179
Cash at bank and in hand 101,487 120,515
335,472 418,924
Creditors: amounts falling due within one year 6 (341,248) (410,973)
Net current (liabilities)/assets (5,776) 7,951
Total assets less current liabilities 155,944 207,510
Creditors: amounts falling due after more than one year 7 (127,954) (172,952)
Net assets 27,990 34,558
Capital and reserves
Called up share capital 100 100
Profit and loss account 27,890 34,458
Shareholders' funds 27,990 34,558
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.
D K Kim
Director
Approved by the board on 30 July 2025
Kappasushi 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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 34 38
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2023 103,645
At 30 November 2024 103,645
Amortisation
At 1 December 2023 41,458
Provided during the year 10,365
At 30 November 2024 51,823
Net book value
At 30 November 2024 51,822
At 30 November 2023 62,187
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicle Total
£ £ £
Cost
At 1 December 2023 260,953 37,700 298,653
At 30 November 2024 260,953 37,700 298,653
Depreciation
At 1 December 2023 153,741 7,540 161,281
Charge for the year 21,442 6,032 27,474
At 30 November 2024 175,183 13,572 188,755
Net book value
At 30 November 2024 85,770 24,128 109,898
At 30 November 2023 107,212 30,160 137,372
5 Debtors 2024 2023
£ £
Trade debtors 881 3,880
Other debtors 214,334 284,299
215,215 288,179
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 43,141 44,682
Taxation and social security costs 34,243 67,072
Other creditors 263,864 299,219
341,248 410,973
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 19,253 29,250
Other creditors 108,701 143,702
127,954 172,952
8 Other information
Kappasushi 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
Kappasushi Ltd 12306909 false 2023-12-01 2024-11-30 2024-11-30 VT Final Accounts July 2024 D K Kim No description of principal activity 12306909 2022-12-01 2023-11-30 12306909 core:WithinOneYear 2023-11-30 12306909 core:AfterOneYear 2023-11-30 12306909 core:ShareCapital 2023-11-30 12306909 core:RetainedEarningsAccumulatedLosses 2023-11-30 12306909 2023-12-01 2024-11-30 12306909 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 12306909 bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 12306909 bus:Director40 2023-12-01 2024-11-30 12306909 1 2023-12-01 2024-11-30 12306909 2 2023-12-01 2024-11-30 12306909 core:Goodwill 2023-12-01 2024-11-30 12306909 core:PlantMachinery 2023-12-01 2024-11-30 12306909 core:Vehicles 2023-12-01 2024-11-30 12306909 countries:England 2023-12-01 2024-11-30 12306909 bus:FRS102 2023-12-01 2024-11-30 12306909 bus:FilletedAccounts 2023-12-01 2024-11-30 12306909 2024-11-30 12306909 core:WithinOneYear 2024-11-30 12306909 core:AfterOneYear 2024-11-30 12306909 core:ShareCapital 2024-11-30 12306909 core:RetainedEarningsAccumulatedLosses 2024-11-30 12306909 core:Goodwill 2024-11-30 12306909 core:PlantMachinery 2024-11-30 12306909 core:Vehicles 2024-11-30 12306909 2023-11-30 12306909 core:Goodwill 2023-11-30 12306909 core:PlantMachinery 2023-11-30 12306909 core:Vehicles 2023-11-30 iso4217:GBP xbrli:pure