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REGISTERED NUMBER: SC427951 (Scotland)










Unaudited Financial Statements

for the Year Ended

31 July 2023

for

KARBAL LTD

KARBAL LTD (REGISTERED NUMBER: SC427951)






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


KARBAL LTD

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Mrs K Balfour





REGISTERED OFFICE: Oakfield House
378 Brandon Street
Motherwell
Lanarkshire
ML1 1XA





REGISTERED NUMBER: SC427951 (Scotland)





ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

KARBAL LTD (REGISTERED NUMBER: SC427951)

Balance Sheet
31 July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 51,252 39,983

CURRENT ASSETS
Debtors 5 4,000 10,000
Cash at bank and in hand 61,535 77,730
65,535 87,730
CREDITORS
Amounts falling due within one year 6 (46,623 ) (62,039 )
NET CURRENT ASSETS 18,912 25,691
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,164

65,674

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 70,163 65,673
SHAREHOLDERS' FUNDS 70,164 65,674

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 her 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.

KARBAL LTD (REGISTERED NUMBER: SC427951)

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 22 April 2024 and were signed by:





Mrs K Balfour - Director


KARBAL LTD (REGISTERED NUMBER: SC427951)

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

1. STATUTORY INFORMATION

Karbal Ltd is a private company, limited by shares , registered in Scotland. 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
Turnover 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.
Fixtures and fittings - 15% on reducing balance

Basic financial instruments
Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

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.

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.

KARBAL LTD (REGISTERED NUMBER: SC427951)

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 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2022 93,599
Additions 19,617
At 31 July 2023 113,216
DEPRECIATION
At 1 August 2022 53,616
Charge for year 8,348
At 31 July 2023 61,964
NET BOOK VALUE
At 31 July 2023 51,252
At 31 July 2022 39,983

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,000 10,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 28,333 38,333
Tax 11,227 17,711
Social security and other taxes 282 109
Directors' current accounts 55 74
Accrued expenses 6,726 5,812
46,623 62,039

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs K Balfour.