Kaskazi World Trade Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 05560880 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2017

for

Kaskazi World Trade Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R G May

REGISTERED OFFICE:

12 Utkinton Road

Tarporley

Cheshire

CW6 0HS

REGISTERED NUMBER:

05560880 (England and Wales)

ACCOUNTANTS:

Pursglove & Brown

Military House

24 Castle Street

Chester

Cheshire

CH1 2DS

FIXED ASSETS

Intangible assets

4

2,000

4,000

Property, plant and equipment

5

457

686

2,457

4,686

CURRENT ASSETS

Debtors

5,186

6,441

Cash at bank

4,367

6,191

9,553

12,632

CREDITORS

Amounts falling due within one year

(24,871

)

(39,193

)

NET CURRENT LIABILITIES

(15,318

)

(26,561

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(12,861

)

(21,875

)

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(12,871

)

(21,885

)

SHAREHOLDERS' FUNDS

(12,861

)

(21,875

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director on 14 February 2018 and were signed by:

R G May - Director

1.	STATUTORY INFORMATION

Kaskazi World Trade Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest

£1.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 30 September 2017 are the first that are prepared in accordance with FRS

102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of transition to

FRS 102 Section 1A is 1 October 2015.

Turnover

Turnover represents the net value of commission and fees receivable, excluding value added tax.

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.

Franchise fees are being amortised evenly over their estimated useful life of five years.

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

-

33% on reducing balance and 15% on reducing balance

Taxation

Taxation for the year is comprised of current 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2016

and 30 September 2017

10,000

AMORTISATION

At 1 October 2016

6,000

Amortisation for year

2,000

At 30 September 2017

8,000

NET BOOK VALUE

At 30 September 2017

2,000

At 30 September 2016

4,000

5.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1 October 2016

and 30 September 2017

3,012

DEPRECIATION

At 1 October 2016

2,326

Charge for year

229

At 30 September 2017

2,555

NET BOOK VALUE

At 30 September 2017

457

At 30 September 2016

686

6.	ULTIMATE CONTROLLING PARTY

The controlling party is R G May.