Kuku's Fabrics Limited - Filleted accounts

Registered number

05241702

Kuku's Fabrics Limited

Filleted Accounts

31 August 2024

Kuku's Fabrics Limited
Registered number:		05241702
Balance Sheet
as at 31 August 2024

Notes			2024			2023
£				£
Fixed assets
Intangible assets	3		36,000			37,500
Tangible assets	4		600,024			574,881
			636,024			612,381

Current assets
Stocks		141,624			209,764
Debtors	5	2,793,263			3,160,298
Cash at bank and in hand		150,323			128,704
		3,085,210			3,498,766

Creditors: amounts falling due within one year	6	(3,220,258)			(2,956,245)

Net current (liabilities)/assets			(135,048)			542,521

Total assets less current liabilities			500,976			1,154,902

Creditors: amounts falling due after more than one year	7		(23,904)			(37,289)

Provisions for liabilities			-			(24,805)


Net assets			477,072			1,092,808

Capital and reserves
Called up share capital			100			100
Profit and loss account			476,972			1,092,708

Shareholders' funds			477,072			1,092,808

The director is 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 director acknowledges his 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.



H Singh
Director
Approved by the board on 10 November 2025

Kuku's Fabrics Limited
Notes to the Accounts
for the year ended 31 August 2024


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 consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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:

	Plant and machinery			20% reducing balance basis
	Fixtures, fittings, tools and equipment			15% reducing balance basis
	Motor vehicles			20% reducing balance basis

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. 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. 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. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					12		22


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 September 2023							60,000
	At 31 August 2024							60,000

	Amortisation
	At 1 September 2023							22,500
	Provided during the year							1,500
	At 31 August 2024							24,000

	Net book value
	At 31 August 2024							36,000
	At 31 August 2023							37,500

	Goodwill is being written off in equal annual instalments over its estimated economic life of 40 years.


4	Tangible fixed assets
		Fixtures, fittings and equipment		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 September 2023	11,466		1,187,613		8,517		1,207,596
	Additions	-		180,678		-		180,678
	Disposals	-		(18,250)		-		(18,250)
	At 31 August 2024	11,466		1,350,041		8,517		1,370,024

	Depreciation
	At 1 September 2023	8,757		615,442		8,516		632,715
	Charge for the year	406		149,429		-		149,835
	On disposals	-		(12,550)		-		(12,550)
	At 31 August 2024	9,163		752,321		8,516		770,000

	Net book value
	At 31 August 2024	2,303		597,720		1		600,024
	At 31 August 2023	2,709		572,171		1		574,881


5	Debtors					2024		2023
£							£

	Trade debtors					1,013,926		1,324,820
	Other debtors					59,299		64,000
	Loan Digital Trading Limited					1,720,038		1,771,478
						2,793,263		3,160,298


6	Creditors: amounts falling due within one year					2024		2023
£							£

	Bank loans and overdrafts					57,864		30,082
	Trade creditors					2,918,686		2,750,282
	Taxation and social security costs					40,154		48,851
	Other creditors					203,554		127,030
						3,220,258		2,956,245


7	Creditors: amounts falling due after one year					2024		2023
£							£

	Bank loans					23,904		37,289


8	Controlling party

	Controlling party is the director, Mr H S Gandham.


9	Other information

	Kuku's Fabrics Limited is a private company limited by shares and incorporated in England. Its registered office is:
	70 Rolleston Street
	Leicester
	LE5 3ST