Kbeverage Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09587927 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2021

for

Kbeverage Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs Kavita

A Yadav

SECRETARY:

REGISTERED OFFICE:

Office No.17 - Oak Lodge Business Centre

Little Melton

Norwich

NR9 3LB

REGISTERED NUMBER:

09587927 (England and Wales)

ACCOUNTANTS:

Andrew Bloy Ltd

Chartered Accountants

10 Hobart Road

Loddon

Norfolk

NR14 6LD

FIXED ASSETS

Intangible assets

4

68,094

130,975

Tangible assets

5

3,267,078

2,295,920

3,335,172

2,426,895

CURRENT ASSETS

Stocks

57,907

47,655

Debtors

6

1,651,902

105,714

Prepayments and accrued income

9,962

85,526

Cash at bank and in hand

161,857

430,694

1,881,628

669,589

CREDITORS

Amounts falling due within one year

7

1,421,123

1,443,986

NET CURRENT ASSETS/(LIABILITIES)

460,505

(774,397

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,795,677

1,652,498

CREDITORS

Amounts falling due after more than one year

8

(1,345,748

)

(1,098,058

)

PROVISIONS FOR LIABILITIES

(338,950

)

(247,191

)

NET ASSETS

2,110,979

307,249

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,110,879

307,149

SHAREHOLDERS' FUNDS

2,110,979

307,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 in accordance with Section 476 of the Companies Act 2006.

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

(b)

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 February 2022 and were signed on its behalf by:

A Yadav - Director

1.	STATUTORY INFORMATION

Kbeverage Ltd is a private company, limited by shares , registered in England and Wales. The company's registered

number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 233 (2020 - 164 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2020

and 31 May 2021

326,903

AMORTISATION

At 1 June 2020

195,928

Charge for year

62,881

At 31 May 2021

258,809

NET BOOK VALUE

At 31 May 2021

68,094

At 31 May 2020

130,975

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2020

3,798,061

Additions

1,812,785

At 31 May 2021

5,610,846

DEPRECIATION

At 1 June 2020

1,502,141

Charge for year

841,627

At 31 May 2021

2,343,768

NET BOOK VALUE

At 31 May 2021

3,267,078

At 31 May 2020

2,295,920

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.21

31.5.20

£

£

Trade debtors

204,117

54,888

Amounts owed by participating interests

864,145

-

Other debtors

583,640

50,826

1,651,902

105,714

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.21

31.5.20

£

£

Hire purchase contracts

550,092

522,495

Trade creditors

377,558

328,899

Taxation and social security

280,064

171,504

Other creditors

213,409

421,088

1,421,123

1,443,986

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.21

31.5.20

£

£

Hire purchase contracts

1,345,748

1,098,058

9.	RELATED PARTY DISCLOSURES

Mrs Kavita owed the company £500,073 at 31 May 2021 (2020: £235,099 was owed by the company), by virtue of

her director's loan account.

Mr A Yadav owed the company £38,724 at 31 May 2021 (2020: £38,724 was owed by the company), by virtue of

his director's loan account.