Registered number
07582775
Kacar Limited
Filleted Accounts
31 March 2023
Kacar Limited
Registered number: 07582775
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 9,330 2,540
Current assets
Stocks 4,725 1,850
Debtors 4 2,215 20,900
Cash at bank and in hand 1,662 2,802
8,602 25,552
Creditors: amounts falling due within one year 5 (10,358) (8,466)
Net current (liabilities)/assets (1,756) 17,086
Total assets less current liabilities 7,574 19,626
Creditors: amounts falling due after more than one year 6 (16,416) (19,269)
Net (liabilities)/assets (8,842) 357
Capital and reserves
Called up share capital 100 100
Profit and loss account (8,942) 257
Shareholder's funds (8,842) 357
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Ali Kacar
Director
Approved by the board on 8 November 2023
Kacar Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on tangible fixed assets, excluding in the year of acquisition, at rates calculated to write off the cost, less estimated residual value, as follows:
Fix, fittings & fittings 18% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit . Corporation tax liabilty is not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Fix, fittings & equipment
£
Cost
At 1 April 2022 10,192
Additions 7,247
At 31 March 2023 17,439
Depreciation
At 1 April 2022 7,652
Charge for the year 457
At 31 March 2023 8,109
Net book value
At 31 March 2023 9,330
At 31 March 2022 2,540
4 Debtors 2023 2022
£ £
Prepayments & other debtors 2,215 20,900
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans 3,188 3,188
Trade creditors 2,961 2,517
Corporation tax - 657
Other taxes and social security costs 4,209 2,104
Other creditors - -
10,358 8,466
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 16,416 19,269
7 Other information
Kacar Limited is a private company limited by shares and incorporated in England. Its registered office is:
48 Upton Lane
London
E17 9LN
Kacar Limited 07582775 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts April 2022 Mr Ali Kacar No description of principal activity 07582775 2021-04-01 2022-03-31 07582775 core:WithinOneYear 2022-03-31 07582775 core:AfterOneYear 2022-03-31 07582775 core:ShareCapital 2022-03-31 07582775 core:RetainedEarningsAccumulatedLosses 2022-03-31 07582775 2022-04-01 2023-03-31 07582775 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07582775 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07582775 bus:Director40 2022-04-01 2023-03-31 07582775 2 2022-04-01 2023-03-31 07582775 core:PlantMachinery 2022-04-01 2023-03-31 07582775 countries:England 2022-04-01 2023-03-31 07582775 bus:FRS102 2022-04-01 2023-03-31 07582775 bus:FullAccounts 2022-04-01 2023-03-31 07582775 2023-03-31 07582775 core:WithinOneYear 2023-03-31 07582775 core:AfterOneYear 2023-03-31 07582775 core:ShareCapital 2023-03-31 07582775 core:RetainedEarningsAccumulatedLosses 2023-03-31 07582775 core:PlantMachinery 2023-03-31 07582775 2022-03-31 07582775 core:PlantMachinery 2022-03-31 iso4217:GBP xbrli:pure