| KB & CO. Enterprise Limited |
| Registered number: |
11803424 |
| Balance Sheet |
| as at 28 February 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Fixed assets |
| Investments |
4 |
|
|
182,000 |
|
|
181,000 |
|
| Current assets |
| Cash at bank and in hand |
|
|
429 |
|
|
805 |
|
| Creditors: amounts falling due within one year |
5 |
|
(70,633) |
|
|
(68,970) |
|
| Net current liabilities |
|
|
|
(70,204) |
|
|
(68,165) |
|
| Total assets less current liabilities |
|
|
|
111,796 |
|
|
112,835 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(106,720) |
|
|
(106,815) |
|
| Provisions for liabilities |
|
|
|
(2,281) |
|
|
(1,929) |
|
|
| Net assets |
|
|
|
2,795 |
|
|
4,091 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Profit and loss account |
|
|
|
2,795 |
|
|
4,091 |
|
| Shareholders' funds |
|
|
|
2,795 |
|
|
4,091 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| K. Owusu-Asomaning |
| Director |
| Approved by the board on 15 October 2026 |
|
| KB & CO. Enterprise Limited |
| Notes to the Accounts |
| for the year ended 28 February 2026 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the rent consideration received or receivable, net of discounts. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
Investments |
|
Unlisted investments in property are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities, other than loans to directors, are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 March 2025 |
6,532 |
|
At 28 February 2026 |
6,532 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 March 2025 |
6,532 |
|
At 28 February 2026 |
6,532 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 28 February 2026 |
- |
|
|
| 4 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 March 2025 |
181,000 |
|
Revaluation |
1,000 |
|
|
At 28 February 2026 |
182,000 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 March 2025 |
152,477 |
|
At 28 February 2026 |
152,477 |
|
|
|
|
|
|
|
|
|
|
The property has been revalued by the director based on sales and valuations of similar properties in the area. |
|
|
| 5 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Other creditors |
70,633 |
|
68,970 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Bank loans |
106,720 |
|
106,815 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2026 |
|
2025 |
| £ |
£ |
|
Creditors include: |
|
Amounts payable otherwise than by instalment falling due for payment after more than five years |
|
106,720 |
|
106,815 |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
106,720 |
|
106,815 |
|
|
|
|
|
|
|
|
|
|
Bank mortgages are secured on property. |
|
|
| 8 |
Related party transactions |
|
|
The company has received two loans from connected parties which are interest free and repayable on demand. The balance outstanding at the year end was £70,633 [2025: £68,970] |
|
|
| 9 |
Other information |
|
|
KB & CO. Enterprise Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Clearways Accountants |
|
Clearways |
|
Colley Way |
|
Reigate |
|
RH2 9JH |