Registered number
08703828
KOMUR LTD
Filleted Accounts
30 September 2023
KOMUR LTD
Registered number: 08703828
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 7,807 7,813
Current assets
Stocks 83,600 65,390
Debtors 4 9,422 2,005
Cash at bank and in hand 4,140 13,860
97,162 81,255
Creditors: amounts falling due within one year 5 (3,839) (5,355)
#NAME? 93,323 75,900
Total assets less current liabilities 101,130 83,713
Creditors: amounts falling due after more than one year 6 (82,151) (64,812)
#NAME? 18,979 18,901
Capital and reserves
Called up share capital 100 100
Profit and loss account 18,879 18,801
Shareholder's funds 18,979 18,901
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 Seyit Komur
Director
Approved by the board on 15 November 2023
KOMUR LTD
Notes to the Accounts
for the year ended 30 September 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 except in the year of acquisition, at rates calculated to write off the cost, less estimated residual value,as follows:
Fix, fittings & equipment 18% reducing balance method.
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Fix, fittings & equipment
£
Cost
At 1 October 2022 16,635
Additions 1,400
At 30 September 2023 18,035
Depreciation
At 1 October 2022 8,822
Charge for the year 1,406
At 30 September 2023 10,228
Net book value
At 30 September 2023 7,807
At 30 September 2022 7,813
4 Debtors 2023 2022
£ £
Prepayments & other debtors 9,422 2,005
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 1,612 2,754
Corporation tax 785 509
Other taxes and social security costs 1,250 1,900
Accrued expenses & other creditors 192 192
3,839 5,355
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts - 1,612
Other creditors 82,151 63,200
82,151 64,812
7 Other information
KOMUR LTD is a private company limited by shares and incorporated in England. Its registered office is:
30 Park Avenue
East Ham
London
E6 2SP
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