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Registered number: 11603405
Kimeze Enterprises Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11603405
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 872 2,221
872 2,221
CURRENT ASSETS
Stocks 5 149,467 171,041
Debtors 6 56,106 42,976
Cash at bank and in hand 25,683 44,714
231,256 258,731
Creditors: Amounts Falling Due Within One Year 7 (90,343 ) (35,955 )
NET CURRENT ASSETS (LIABILITIES) 140,913 222,776
TOTAL ASSETS LESS CURRENT LIABILITIES 141,785 224,997
Creditors: Amounts Falling Due After More Than One Year 8 (10,000 ) (75,000 )
NET ASSETS 131,785 149,997
CAPITAL AND RESERVES
Called up share capital 9 3 3
Share premium account 1,039,655 834,655
Profit and Loss Account (907,873 ) (684,661 )
SHAREHOLDERS' FUNDS 131,785 149,997
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For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms C M Kimeze
Director
8 August 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Kimeze Enterprises Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11603405 . The registered office is 2 Old Bath Road, Newbury, Berkshire, RG14 1QL.

The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Significant judgements and estimations
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates if necessary. It also requires management to exercise judgement in applying the company accounting policies.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.

During the year, the company agreed to a stock return arrangement with a customer relating to a sale that originally occurred in the prior financial year. Following extended discussions, it was agreed that the customer would return the original goods and receive replacement stock in exchange. As part of this arrangement, credit notes totalling £10.2k were issued for the returned goods. These transactions have been accounted for in accordance with the company’s revenue recognition policy and reflect the commercial substance of the arrangement.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery Straight line over 5 years
Computer Equipment Straight line over 3 years
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Financial Instruments
The company has elected to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments Issues of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement consitutes a financing transaction, where the transaction is measured at the present value if the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial instruments
...CONTINUED
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2.6. Financial Instruments - continued
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitute and financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditor are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently at amortised cost using the effective interest method.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.9. Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.10. Other creditors
Other creditors include an amount of £57.9k (2023: £nil) relating to deferred income. This represents a large customer invoice raised during the year for products that are due to be fulfilled in the next financial year. In accordance with the company's revenue recognition policy, income has not been recognised in respect of this invoice as the performance obligation (delivery of goods) had not been satisfied by the reporting date. The amount has therefore been recognised as a liability within creditors due within one year.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 November 2023 431 3,789 4,220
As at 31 October 2024 431 3,789 4,220
Depreciation
As at 1 November 2023 122 1,877 1,999
Provided during the period 86 1,263 1,349
As at 31 October 2024 208 3,140 3,348
Net Book Value
As at 31 October 2024 223 649 872
As at 1 November 2023 309 1,912 2,221
5. Stocks
2024 2023
£ £
Stock 149,467 171,041
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 48,880 15,197
Other debtors 7,226 27,779
56,106 42,976
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,806 4,366
Bank loans and overdrafts 10,929 15,994
Other creditors 63,582 9,676
Taxation and social security 4,026 5,919
90,343 35,955
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 10,000 75,000
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
10. Ultimate Controlling Party
The company's ultimate controlling party is Ms C M Kimeze,a director and shareholder of the company.
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