REGISTERED NUMBER:
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KAK Trading Ltd |
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Unaudited financial statements |
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For the year ended |
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31st August 2019 |
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REGISTERED NUMBER:
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KAK Trading Ltd |
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Unaudited financial statements |
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For the year ended |
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31st August 2019 |
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KAK Trading Ltd (Registered number: 08175807) |
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Contents of the financial statements |
For The Year Ended 31st August 2019 |
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Company information | 1 |
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Balance sheet | 2 | to | 3 |
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Notes to the financial statements | 4 | to | 7 |
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Chartered accountants' report | 8 |
KAK Trading Ltd |
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Company information |
For The Year Ended 31st August 2019 |
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Directors: |
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Registered office: |
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Registered number: |
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Accountants: |
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Chartered Accountants |
Yare House |
62-64 Thorpe Road |
Norwich |
Norfolk |
NR1 1RY |
KAK Trading Ltd (Registered number: 08175807) |
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Balance sheet |
31st August 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 5 |
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Current assets |
Stocks |
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Debtors | 6 |
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Cash at bank |
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Creditors |
Amounts falling due within one year | 7 |
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Net current assets/(liabilities) |
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Total assets less current liabilities |
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Creditors |
Amounts falling due after more than one
year |
8 |
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Provisions for liabilities | ( |
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Net assets |
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Capital and reserves |
Called up share capital | 9 |
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Retained earnings | 10 |
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Shareholders' funds |
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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 |
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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. |
KAK Trading Ltd (Registered number: 08175807) |
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Balance sheet - continued |
31st August 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
were signed on its behalf by: |
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KAK Trading Ltd (Registered number: 08175807) |
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Notes to the financial statements |
For The Year Ended 31st August 2019 |
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1. | Statutory information |
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KAK Trading Ltd is a
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registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | Statement of compliance |
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3. | Accounting policies |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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KAK Trading Ltd (Registered number: 08175807) |
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Notes to the financial statements - continued |
For The Year Ended 31st August 2019 |
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3. | Accounting policies - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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. |
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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. |
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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. |
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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. |
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Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
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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. |
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4. | Employees and directors |
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The average number of employees during the year was
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KAK Trading Ltd (Registered number: 08175807) |
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Notes to the financial statements - continued |
For The Year Ended 31st August 2019 |
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5. | Tangible fixed assets |
Fixtures |
Freehold | Plant and | and | Motor |
property | machinery | fittings | vehicles | Totals |
£ | £ | £ | £ | £ |
Cost |
At 1st September 2018 |
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Additions |
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Disposals |
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At 31st August 2019 |
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Depreciation |
At 1st September 2018 |
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Charge for year |
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Eliminated on disposal |
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At 31st August 2019 |
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Net book value |
At 31st August 2019 |
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At 31st August 2018 |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Motor |
vehicles |
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Cost |
Additions |
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At 31st August 2019 |
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Depreciation |
Charge for year |
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At 31st August 2019 |
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Net book value |
At 31st August 2019 |
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6. | Debtors: amounts falling due within one year |
2019 | 2018 |
£ | £ |
Trade debtors |
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Other debtors |
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KAK Trading Ltd (Registered number: 08175807) |
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Notes to the financial statements - continued |
For The Year Ended 31st August 2019 |
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7. | Creditors: amounts falling due within one year |
2019 | 2018 |
£ | £ |
Hire purchase contracts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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8. | Creditors: amounts falling due after more than one year |
2019 | 2018 |
£ | £ |
Bank loans |
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Hire purchase contracts |
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Other creditors |
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9. | Called up share capital |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |
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10. | Reserves |
Retained |
earnings |
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At 1st September 2018 |
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Profit for the year |
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At 31st August 2019 |
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11. | Directors' advances, credits and guarantees |
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At the year end the company owed the directors £114,380 (2018 - £73,693) |
Chartered accountants' report to the board of directors |
On the unaudited financial statements of |
Kak trading ltd |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the |
Report of the directors are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of KAK Trading Ltd for the year ended 31st August 2019 which comprise the Income statement, |
Balance sheet, Statement of changes in equity and the related notes from the company's accounting records and |
from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the Board of Directors of KAK Trading Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of KAK Trading Ltd and state those matters that we have agreed to state to the Board of Directors of KAK Trading Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KAK Trading Ltd and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that KAK Trading Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of KAK Trading Ltd. You consider that KAK Trading Ltd is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of KAK Trading Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Chartered Accountants |
Yare House |
62-64 Thorpe Road |
Norwich |
Norfolk |
NR1 1RY |
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Date: ............................................. |