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KHVZ Ltd
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Notes to the financial statements
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for the year ended 31 March 2026
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1
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Company information
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KHVZ Ltd is a private company registered in England and Wales. Its registered number is 10705776. The company is limited by shares. Its registered office is R M & Co Chartered Accountants, 13 Mary Street, Sunderland, Tyne and Wear, SR1 3NH. Its principal place of business is Southern Fried Chicken, 183 Front Street, Chester le Street, County Durham, DH3 3AX.
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2
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Accounting policies
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Basis of preparing the financial statements
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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 historic cost convention.
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Going concern
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In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
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The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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Turnover
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Turnover is recognised from sales when a performance obligation under a valid contract with a customer has been satisfied at the transaction price allocated to that obligation. Transaction prices so recognised exclude Value Added Tax and any other sales taxes.
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Tangible fixed assets
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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.
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Land and buildings:
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Freehold property
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-
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2% straight line
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3
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Average number of employees
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During the year the average number of employees was 5 (2025 - 4).
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3
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