Company Registration No. 10724245 (England and Wales)
Kibi Limited
Unaudited accounts
for the year ended 30 April 2021
Kibi Limited
Company Information
for the year ended 30 April 2021
Company Number
10724245 (England and Wales)
Registered Office
Morritt House
54-60 Station Approach
South Ruislip
HA4 6SA
Accountants
Daniel Consultancy
Morritt House
54-60 Station Approach
South Ruislip
Ruislip
HA4 6SA
Kibi Limited
Accountants' report
Accountants' report to the director of Kibi Limited on the preparation of the unaudited statutory accounts for the year ended 30 April 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Kibi Limited for the year ended
30 April 2021 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Kibi Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Kibi Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kibi Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Kibi Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Kibi Limited. You consider that Kibi Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Kibi Limited. 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 accounts.
Daniel Consultancy
Morritt House
54-60 Station Approach
South Ruislip
Ruislip
HA4 6SA
28 January 2022
Kibi Limited
Statement of financial position
as at 30 April 2021
Cash at bank and in hand
765
1,670
Creditors: amounts falling due within one year
(369)
(1,282)
Net current assets
28,084
388
Total assets less current liabilities
28,294
668
Creditors: amounts falling due after more than one year
(31,000)
-
Net (liabilities)/assets
(2,706)
668
Called up share capital
100
100
Profit and loss account
(2,806)
568
Shareholders' funds
(2,706)
668
For the year ending 30 April 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 January 2022 and were signed on its behalf by
Mr Kenji Nagoshi
Director
Company Registration No. 10724245
Kibi Limited
Notes to the Accounts
for the year ended 30 April 2021
Kibi Limited is a private company, limited by shares, registered in England and Wales, registration number 10724245. The registered office is Morritt House, 54-60 Station Approach, South Ruislip, HA4 6SA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on Straight Line basis
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
The director is assessing, on a daily basis, the impact of the significant uncertainty arising from the COVID-19 virus. Whilst the director appreciates there is a significant uncertainty surrounding the future economic climate, the company is well placed to address these impacts. The director is satisfied that the company will be able to satisfy its financial obligations for at least 12 months from the date of signature of the financial statements, which have been prepared on the going concern basis.
Kibi Limited
Notes to the Accounts
for the year ended 30 April 2021
4
Tangible fixed assets
Fixtures & fittings
5
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
66
-
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
-
4,987
Loans from directors
-
(4,198)
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 2 (2020: 2).
