KAFS LIMITED - Accounts

KAFS LIMITED
Contents Page
For the year ended 31 December 2024

Statement of financial position	1
Notes to the financial statements	2

Registered Number: 06762730 KAFS LIMITED
Statement of Financial Position
As at 31 December 2024

	Notes	2024 £	2023 £
Fixed assets
Tangible fixed assets	3	6,337	3,400
		6,337	3,400
Current assets
Creditors: amount falling due within one year		(178)	(6,200)
Net current assets		(178)	(6,200)

Total assets less current liabilities		6,159	(2,800)
Creditors: amount falling due after more than one year		(62,536)	(54,873)
Net assets		(56,377)	(57,673)

Capital and reserves
Called up share capital	4	5	5
Profit and loss account		(56,382)	(57,678)
Shareholders' funds		(56,377)	(57,673)

For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 30 September 2025 and were signed by:

-------------------------------
Godfred Frimpong
Director

1

KAFS LIMITED
Notes to the Abridged Financial Statements
For the year ended 31 December 2024

General Information

KAFS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06762730, registration address 5 Brayford Square, London, Greater London, E1 0SG.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings	25% Straight Line
Computer Equipment	35% Reducing Balance

2.	Average number of employees Average number of employees during the year was 2 (2023 : 2).

3.

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Computer Equipment	Total
	£	£	£
At 01 January 2024	1,500	3,500	5,000
Additions	-	6,320	6,320
Disposals	-	-	-
At 31 December 2024	1,500	9,820	11,320
Depreciation
At 01 January 2024	375	1,225	1,600
Charge for year	375	3,008	3,383
On disposals	-	-	-
At 31 December 2024	750	4,233	4,983
Net book values
Closing balance as at 31 December 2024	750	5,587	6,337
Opening balance as at 01 January 2024	1,125	2,275	3,400

4.

Share Capital

Allotted, called up and fully paid	2024 £		2023 £
5 Class A shares of £1.00 each	5		5
	5		5

2

Registered Number: 06762730
England and Wales
Abridged Accounts

for the year ended 31 December 2024
for
KAFS LIMITED