REGISTERED NUMBER: 02646623 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

KUDA (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D B Whatling

Mrs N J Brimson

T A Vincent

SECRETARY:

D B Whatling

REGISTERED OFFICE:

Crowcroft Road Industrial Estate

Nedging Tye

Ipswich

Suffolk

IP7 7HA

REGISTERED NUMBER:

02646623 (England and Wales)

ACCOUNTANTS:

Walter Wright

Chartered Accountants

89 High Street

Hadleigh

Ipswich

Suffolk

IP7 5EA

SOLICITORS:

Blocks Solicitors

Arcade Chambers

2-6 Arcade Street

Ipswich

Suffolk

IP1 1EL

FIXED ASSETS

Intangible assets

4

2,910

5,001

Tangible assets

5

839,525

793,154

842,435

798,155

CURRENT ASSETS

Stocks

884,972

904,171

Debtors

6

1,245,239

1,217,937

Cash at bank

1,111,597

1,219,694

3,241,808

3,341,802

CREDITORS

Amounts falling due within one year

7

1,417,770

1,656,455

NET CURRENT ASSETS

1,824,038

1,685,347

TOTAL ASSETS LESS CURRENT LIABILITIES

2,666,473

2,483,502

CREDITORS

Amounts falling due after more than one year

8

(45,774

)

(101,527

)

PROVISIONS FOR LIABILITIES

(58,998

)

(73,436

)

NET ASSETS

2,561,701

2,308,539

CAPITAL AND RESERVES

Called up share capital

10

10

Capital redemption reserve

90

90

Retained earnings

2,561,601

2,308,439

SHAREHOLDERS' FUNDS

2,561,701

2,308,539

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 30 September 2025 and were signed on its behalf by:

Mrs N J Brimson - Director

1.	STATUTORY INFORMATION

Kuda (UK) Limited 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.

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts.

Revenue is recognised in the profit and loss account when the goods or services are delivered to or collected by customers.

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 five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

25% on cost

Plant and machinery etc

-

25% on cost

Stocks

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

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans from / to related parties.

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.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Going concern

After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, the going concern basis has continued to be used in preparing the accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2023 - 39 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

10,459

AMORTISATION

At 1 January 2024

5,458

Charge for year

2,091

At 31 December 2024

7,549

NET BOOK VALUE

At 31 December 2024

2,910

At 31 December 2023

5,001

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

643,003

650,568

1,293,571

Additions

139,666

112,570

252,236

Disposals

-

(42,900

)

(42,900

)

At 31 December 2024

782,669

720,238

1,502,907

DEPRECIATION

At 1 January 2024

180,358

320,059

500,417

Charge for year

69,377

110,319

179,696

Eliminated on disposal

-

(16,731

)

(16,731

)

At 31 December 2024

249,735

413,647

663,382

NET BOOK VALUE

At 31 December 2024

532,934

306,591

839,525

At 31 December 2023

462,645

330,509

793,154

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

229,468

Additions

29,900

Transfer to ownership

(26,728

)

At 31 December 2024

232,640

DEPRECIATION

At 1 January 2024

45,321

Charge for year

56,292

Transfer to ownership

(16,705

)

At 31 December 2024

84,908

NET BOOK VALUE

At 31 December 2024

147,732

At 31 December 2023

184,147

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,239,083

1,154,775

Other debtors

6,156

63,162

1,245,239

1,217,937

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 9)

74,976

71,191

Trade creditors

798,341

844,682

Taxation and social security

330,351

374,621

Other creditors

214,102

365,961

1,417,770

1,656,455

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 9)

45,774

101,527

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

74,976

71,191

Between one and five years

45,774

101,527

120,750

172,718

Non-cancellable

operating leases

2024

2023

£

£

Between one and five years

313,495

-