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REGISTERED NUMBER: 11121159 (England and Wales)


Karitci Joinery Solutions Limited

Unaudited Financial Statements

for the Year Ended 31st December 2021






Karitci Joinery Solutions Limited (Registered number: 11121159)






Contents of the Financial Statements
for the Year Ended 31st December 2021




Page

Company Information 1

Chartered Certified Accountants' Report 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


Karitci Joinery Solutions Limited

Company Information
for the Year Ended 31st December 2021







DIRECTOR: Mr S Karitci





REGISTERED OFFICE: Apt 26 Holmewood House
Brighton Road
Banstead
SM7 1AF





REGISTERED NUMBER: 11121159 (England and Wales)





ACCOUNTANTS: Naail & Co
Chartered Certified Accountants
69 Lambeth Walk
London
SE11 6DX

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Karitci Joinery Solutions Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Karitci Joinery Solutions Limited for the year ended 31st December 2021 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Karitci Joinery Solutions Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Karitci Joinery Solutions Limited and state those matters that we have agreed to state to the director of Karitci Joinery Solutions Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Karitci Joinery Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Karitci Joinery Solutions Limited. You consider that Karitci Joinery Solutions 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 financial statements of Karitci Joinery Solutions 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 financial statements.






Naail & Co
Chartered Certified Accountants
69 Lambeth Walk
London
SE11 6DX


Date: .............................................

Karitci Joinery Solutions Limited (Registered number: 11121159)

Abridged Balance Sheet
31st December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 5 9,181 11,293

CURRENT ASSETS
Inventories 14,250 -
Debtors 16,446 50,683
Cash at bank and in hand 7,728 3,380
38,424 54,063
CREDITORS
Amounts falling due within one year 16,982 18,339
NET CURRENT ASSETS 21,442 35,724
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,623

47,017

CREDITORS
Amounts falling due after more than one
year

6

(37,883

)

(52,668

)

PROVISIONS FOR LIABILITIES 8 (1,744 ) (2,146 )
NET LIABILITIES (9,004 ) (7,797 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings (9,005 ) (7,798 )
SHAREHOLDERS' FUNDS (9,004 ) (7,797 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2021 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.

Karitci Joinery Solutions Limited (Registered number: 11121159)

Abridged Balance Sheet - continued
31st December 2021


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st December 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 17th August 2022 and were signed by:





Mr S Karitci - Director


Karitci Joinery Solutions Limited (Registered number: 11121159)

Notes to the Financial Statements
for the Year Ended 31st December 2021

1. STATUTORY INFORMATION

Karitci Joinery Solutions 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 presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Turnover is generated from the ordinary activities of the business and is recognized when the right to consideration becomes due.

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

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

Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less any additional costs to sell.

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.


Karitci Joinery Solutions Limited (Registered number: 11121159)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2021

3. ACCOUNTING POLICIES - continued
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.

Going concern
At the balance sheet date, the company's liabilities exceeded its assets. The company is able to trade with the support of its director and in his opinion, this support will continue for the foreseeable future and for at least 13 months from the date of approval of these financial statements. The financial statements are therefore prepared on the going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1st January 2021 18,157
Additions 948
At 31st December 2021 19,105
DEPRECIATION
At 1st January 2021 6,864
Charge for year 3,060
At 31st December 2021 9,924
NET BOOK VALUE
At 31st December 2021 9,181
At 31st December 2020 11,293

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
FIVE YEARS
2021 2020
£    £   
Repayable by instalments
Bank loans more 5 yrs - 10,133

Karitci Joinery Solutions Limited (Registered number: 11121159)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2021

7. LOANS

An analysis of the maturity of loans is given below:

2021 2020
£    £   
Amounts falling due within one year or on demand:
Bank loans 12,600 5,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 15,200 17,667

Amounts falling due between two and five years:
Bank loans - 2-5 years 14,567 15,200

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yrs - 10,133

8. PROVISIONS FOR LIABILITIES
2021 2020
£    £   
Deferred tax 1,744 2,146

Deferred
tax
£   
Balance at 1st January 2021 2,146
Utilised during year (402 )
Balance at 31st December 2021 1,744

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
1 Ordinary £1 1 1

Karitci Joinery Solutions Limited (Registered number: 11121159)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2021

10. RELATED PARTY DISCLOSURES

Mr S Karitci
Director & 100% shareholder

At the reporting date, Mr Karitci owed £14,349 to the company (2020: £45,341). This is an interest free loan which Director intends to pay on or before 30/09/2022.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S Karitci.