REGISTERED NUMBER: 07569225 (England and Wales)

Kadai Ltd

Unaudited Financial Statements

for the Year Ended 31 January 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C H McKinnon-Wood

SECRETARY:

Mrs C L S McKinnon-Wood

REGISTERED OFFICE:

Home Farm

Leebotwood

Church Stretton

SHROPSHIRE

SY6 6LX

REGISTERED NUMBER:

07569225 (England and Wales)

ACCOUNTANTS:

Streets Dyke Ruscoe Ltd

110 Corve Street

Ludlow

SHROPSHIRE

SY8 1DJ

FIXED ASSETS

Intangible assets

4

-

256

Property, plant and equipment

5

49,782

38,615

49,782

38,871

CURRENT ASSETS

Inventories

6

455,459

518,957

Debtors

7

1,266,492

1,158,966

Cash at bank and in hand

2,478,836

2,346,459

4,200,787

4,024,382

CREDITORS

Amounts falling due within one year

8

220,269

214,158

NET CURRENT ASSETS

3,980,518

3,810,224

TOTAL ASSETS LESS CURRENT LIABILITIES

4,030,300

3,849,095

PROVISIONS FOR LIABILITIES

10,261

7,227

NET ASSETS

4,020,039

3,841,868

CAPITAL AND RESERVES

Called up share capital

51

51

Capital redemption reserve

49

49

Retained earnings

4,019,939

3,841,768

SHAREHOLDERS' FUNDS

4,020,039

3,841,868

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 22 September 2025 and were signed by:

C H McKinnon-Wood - Director

1.	STATUTORY INFORMATION

Kadai 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.

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.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

10% on reducing balance

Improvements to property

-

10% on reducing balance

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Office equipment

-

33% on cost

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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 17 (2024 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Goodwill

licences

Totals

£

£

£

COST

At 1 February 2024

and 31 January 2025

50,000

6,414

56,414

AMORTISATION

At 1 February 2024

49,999

6,159

56,158

Amortisation for year

1

255

256

At 31 January 2025

50,000

6,414

56,414

NET BOOK VALUE

At 31 January 2025

-

-

-

At 31 January 2024

1

255

256

5.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Short

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 February 2024

1,095

16,051

44,669

Additions

-

-

-

Disposals

-

-

(4,303

)

At 31 January 2025

1,095

16,051

40,366

DEPRECIATION

At 1 February 2024

686

5,765

32,300

Charge for year

41

1,029

2,288

Eliminated on disposal

-

-

(3,372

)

At 31 January 2025

727

6,794

31,216

NET BOOK VALUE

At 31 January 2025

368

9,257

9,150

At 31 January 2024

409

10,286

12,369

Fixtures

and

Motor

Office

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2024

16,824

47,006

59,748

185,393

Additions

9,847

6,450

4,575

20,872

Disposals

(5,556

)

-

(7,639

)

(17,498

)

At 31 January 2025

21,115

53,456

56,684

188,767

DEPRECIATION

At 1 February 2024

12,269

36,562

59,196

146,778

Charge for year

1,259

2,092

531

7,240

Eliminated on disposal

(4,042

)

-

(7,619

)

(15,033

)

At 31 January 2025

9,486

38,654

52,108

138,985

NET BOOK VALUE

At 31 January 2025

11,629

14,802

4,576

49,782

At 31 January 2024

4,555

10,444

552

38,615

6.	INVENTORIES

2025

2024

£

£

Stocks

455,459

518,957

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

571,448

627,484

Other debtors

-

18,939

Amounts owing from a related party

579,653

338,732

Tax

-

31,996

Prepayments

115,391

141,815

1,266,492

1,158,966

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

13,319

12,861

Tax

78,754

133,949

Social security and other taxes

9,334

6,325

VAT

23,157

38,011

Other creditors

4,273

3,462

Directors' current accounts

84,555

13,990

Accruals and deferred income

6,877

5,560

220,269

214,158

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025

2024

£

£

C H McKinnon-Wood

Balance outstanding at start of year

(13,990

)

33,733

Amounts advanced

55,179

44,118

Amounts repaid

(125,744

)

(91,841

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(84,555

)

(13,990

)

Interest has been charged on the loan at a rate of interest of 2.25%.