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REGISTERED NUMBER: 05169696 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

A & N Krystal Limited

A & N Krystal Limited (Registered number: 05169696)

Contents of the Financial Statements
for the Year Ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A & N Krystal Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Mr N D Hirani





SECRETARY: Mr A N Hirani





REGISTERED OFFICE: 164 Mollison Way
Edgware
Middlesex
HA8 5QZ





REGISTERED NUMBER: 05169696 (England and Wales)





ACCOUNTANTS: L P Patel & Co Limited
Accountants & Tax Advisers
164 Mollison Way
Edgware
Middlesex
HA8 5QZ

A & N Krystal Limited (Registered number: 05169696)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 56,127 57,407

CURRENT ASSETS
Inventories 22,479 32,223
Debtors 5 1,245 1,178
Cash at bank and in hand 20,226 65,602
43,950 99,003
CREDITORS
Amounts falling due within one year 6 47,966 92,842
NET CURRENT (LIABILITIES)/ASSETS (4,016 ) 6,161
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,111

63,568

CREDITORS
Amounts falling due after more than one
year

7

18,334

28,333
NET ASSETS 33,777 35,235

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 33,677 35,135
SHAREHOLDERS' FUNDS 33,777 35,235

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

A & N Krystal Limited (Registered number: 05169696)

Balance Sheet - continued
31 July 2023


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

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 16 April 2024 and were signed by:





Mr N D Hirani - Director


A & N Krystal Limited (Registered number: 05169696)

Notes to the Financial Statements
for the Year Ended 31 July 2023


1. STATUTORY INFORMATION

A & N Krystal 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment & power tools - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% 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.

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

A & N Krystal Limited (Registered number: 05169696)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Equipment
& power Motor Computer
tools vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 142,757 32,700 3,763 179,220
Additions 12,752 - - 12,752
At 31 July 2023 155,509 32,700 3,763 191,972
DEPRECIATION
At 1 August 2022 103,069 15,270 3,474 121,813
Charge for year 10,488 3,486 58 14,032
At 31 July 2023 113,557 18,756 3,532 135,845
NET BOOK VALUE
At 31 July 2023 41,952 13,944 231 56,127
At 31 July 2022 39,688 17,430 289 57,407

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 1,245 1,178

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 5,438 3,847
Taxation and social security 18,106 26,088
Other creditors 14,422 52,907
47,966 92,842

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 18,334 28,333

A & N Krystal Limited (Registered number: 05169696)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


8. DEFERRED TAX
£   
Balance at 1 August 2022 (1,178 )
Accelerated capital allowances (67 )
Balance at 31 July 2023 (1,245 )

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 August 2022 35,135
Profit for the year 43,542
Dividends (45,000 )
At 31 July 2023 33,677