Kovvuri and Co Limited Filleted accounts for Companies House (small and micro)
Kovvuri and Co Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
08348579
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FOR THE YEAR ENDED |
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STATEMENT OF FINANCIAL POSITION |
2023 |
2022 |
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Note |
£ |
£ |
£ |
FIXED ASSETS
Tangible assets |
5 |
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CURRENT ASSETS
Debtors |
6 |
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Cash at bank and in hand |
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--------- |
--------- |
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CREDITORS: amounts falling due within one year |
7 |
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--------- |
--------- |
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NET CURRENT ASSETS |
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--------- |
--------- |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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--------- |
--------- |
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NET ASSETS |
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--------- |
--------- |
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CAPITAL AND RESERVES
Called up share capital |
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Profit and loss account |
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--------- |
--------- |
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SHAREHOLDERS FUNDS |
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--------- |
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Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
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STATEMENT OF FINANCIAL POSITION (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
20 December 2023
, and are signed on behalf of the board by:
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Director |
Company registration number:
08348579
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NOTES TO THE FINANCIAL STATEMENTS |
YEAR ENDED 31st MARCH 2023
1.
GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 9 Sessile Close, Mossley Hill, Liverpool, L18 8ED.
2.
STATEMENT OF COMPLIANCE
3.
ACCOUNTING POLICIES
Basis of preparation
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures, Fittings and Equipment |
- |
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4.
EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to
2
(2022:
2
).
5.
TANGIBLE ASSETS
Fixtures, Fittings and Equipment |
Total |
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£ |
£ |
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Cost |
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At 1st April 2022 and 31st March 2023 |
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--------- |
--------- |
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Depreciation |
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At 1st April 2022 |
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Charge for the year |
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--------- |
--------- |
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At 31st March 2023 |
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--------- |
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Carrying amount |
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At 31st March 2023 |
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--------- |
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At 31st March 2022 |
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--------- |
--------- |
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6.
DEBTORS
2023 |
2022 |
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£ |
£ |
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Trade debtors |
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Prepayments and accrued income |
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Directors loan account |
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– |
-------- |
-------- |
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-------- |
-------- |
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7.
CREDITORS:
amounts falling due within one year
2023 |
2022 |
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£ |
£ |
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Accruals and deferred income |
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Corporation tax |
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Director loan accounts |
– |
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-------- |
-------- |
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-------- |
-------- |
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8.
DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
The directors have a loan account in the company. At the start of the year the balance was in credit by £981. At the year end the account was overdrawn by £5,094 which is included in debtors.