Registered number
06510782
Celkar Ltd
Filleted Accounts
28 February 2023
Celkar Ltd
Registered number: 06510782
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,506 3,882
Current assets
Stocks 16,500 -
Debtors 4 732 -
Cash at bank and in hand 3,318 27,159
20,550 27,159
Creditors: amounts falling due within one year 5 (21,502) (24,188)
Net current (liabilities)/assets (952) 2,971
Net assets 2,554 6,853
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,454 6,753
Shareholders' funds 2,554 6,853
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 members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Mrs L Kowalska
Director
Approved by the board on 31 October 2023
Celkar Ltd
Notes to the Accounts
for the year ended 28 February 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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Motor Vehicles 20% Reducing balance
Plant and machinery 20% Reducing balance
Fixtures, fittings, tools and equipment 20% 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. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2022 1,217 4,935 6,152
Additions 500 - 500
At 28 February 2023 1,717 4,935 6,652
Depreciation
At 1 March 2022 493 1,777 2,270
Charge for the year 245 631 876
At 28 February 2023 738 2,408 3,146
Net book value
At 28 February 2023 979 2,527 3,506
At 28 February 2022 724 3,158 3,882
4 Debtors 2023 2022
£ £
Trade debtors 732 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 70 72
Taxation and social security costs 3,619 12,497
Other creditors 17,813 11,619
21,502 24,188
6 Other information
Celkar Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 Cowdrey Close
Enfield
EN1 3JA
Celkar Ltd 06510782 false 2022-03-01 2023-02-28 2023-02-28 VT Final Accounts October 2023 release 2 Mrs L Kowalska No description of principal activity 06510782 2021-03-01 2022-02-28 06510782 core:WithinOneYear 2022-02-28 06510782 core:ShareCapital 2022-02-28 06510782 core:RetainedEarningsAccumulatedLosses 2022-02-28 06510782 2022-03-01 2023-02-28 06510782 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 06510782 bus:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 06510782 bus:Director40 2022-03-01 2023-02-28 06510782 1 2022-03-01 2023-02-28 06510782 2 2022-03-01 2023-02-28 06510782 core:PlantMachinery 2022-03-01 2023-02-28 06510782 core:Vehicles 2022-03-01 2023-02-28 06510782 countries:England 2022-03-01 2023-02-28 06510782 bus:FRS102 2022-03-01 2023-02-28 06510782 bus:FullAccounts 2022-03-01 2023-02-28 06510782 2023-02-28 06510782 core:WithinOneYear 2023-02-28 06510782 core:ShareCapital 2023-02-28 06510782 core:RetainedEarningsAccumulatedLosses 2023-02-28 06510782 core:PlantMachinery 2023-02-28 06510782 core:Vehicles 2023-02-28 06510782 2022-02-28 06510782 core:PlantMachinery 2022-02-28 06510782 core:Vehicles 2022-02-28 iso4217:GBP xbrli:pure