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REGISTERED NUMBER: 09055808 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2018

FOR

KORITAS LIMITED

KORITAS LIMITED (REGISTERED NUMBER: 09055808)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KORITAS LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2018







DIRECTOR: I Hull





REGISTERED OFFICE: 1 Emblem Villas
Epping Green
Essex
CM16 6PW





REGISTERED NUMBER: 09055808 (England and Wales)





ACCOUNTANTS: KNIGHT WHEELER LIMITED
Chartered Accountants
54 Sun Street
Waltham Abbey
Essex
EN9 1EJ

KORITAS LIMITED (REGISTERED NUMBER: 09055808)

BALANCE SHEET
31 May 2018

2018 2017
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,463 1,951

CURRENT ASSETS
Debtors 5 - 259
Cash at bank 73,334 96,654
73,334 96,913
CREDITORS
Amounts falling due within one year 6 (1,245 ) (1,828 )
NET CURRENT ASSETS 72,089 95,085
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,552

97,036

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 73,550 97,034
SHAREHOLDERS' FUNDS 73,552 97,036

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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.

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

The financial statements were approved by the director on 4 September 2018 and were signed by:





I Hull - Director


KORITAS LIMITED (REGISTERED NUMBER: 09055808)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2018

1. STATUTORY INFORMATION

Koritas 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.

The principal activity of the company in the year under review was that of a non trading company.

The presentation currency of the financial statement is the Pound Sterling (£) which is the functional currency of
the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all years presented unless otherwise stated.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

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 material 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.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and any short term deposits.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other
administrative expenses.

KORITAS LIMITED (REGISTERED NUMBER: 09055808)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2018

2. ACCOUNTING POLICIES - continued

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance
sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is
estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an
impairment loss is recognised in the profit and loss account unless the asset is carried at a revalued amount where
the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2017
and 31 May 2018 3,712
DEPRECIATION
At 1 June 2017 1,761
Charge for year 488
At 31 May 2018 2,249
NET BOOK VALUE
At 31 May 2018 1,463
At 31 May 2017 1,951

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Prepayments - 259

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors - 43
Directors' current accounts 645 645
Accruals 600 1,140
1,245 1,828