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Company Registration No. 12195254 (England and Wales)
KARACHI FOODS LTD accounts for the year ended 30 September 2023
KARACHI FOODS LTD accounts Contents
Page
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KARACHI FOODS LTD Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
31,374 
26,888 
Current assets
Inventories
285,685 
193,691 
Debtors
377,695 
167,946 
Cash at bank and in hand
16,348 
21,800 
679,728 
383,437 
Creditors: amounts falling due within one year
(594,737)
(370,922)
Net current assets
84,991 
12,515 
Total assets less current liabilities
116,365 
39,403 
Creditors: amounts falling due after more than one year
(29,626)
(33,872)
Net assets
86,739 
5,531 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
86,639 
5,431 
Shareholders' funds
86,739 
5,531 
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 March 2024 and were signed on its behalf by
Najamuddin ZIA Director Company Registration No. 12195254
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KARACHI FOODS LTD Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
KARACHI FOODS LTD is a private company, limited by shares, registered in England and Wales, registration number 12195254. The registered office is Unit 24 Hainault Road, LONDON, RM6 5SS, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing Balance
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2022
44,800 
4,517 
49,317 
Additions
- 
10,803 
10,803 
At 30 September 2023
44,800 
15,320 
60,120 
Depreciation
At 1 October 2022
21,546 
883 
22,429 
Charge for the year
4,768 
1,549 
6,317 
At 30 September 2023
26,314 
2,432 
28,746 
Net book value
At 30 September 2023
18,486 
12,888 
31,374 
At 30 September 2022
23,254 
3,634 
26,888 
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KARACHI FOODS LTD Notes to the Accounts for the year ended 30 September 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
17,651 
8,278 
Trade debtors
345,934 
159,602 
Accrued income and prepayments
66 
66 
Other debtors
14,044 
- 
377,695 
167,946 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
405,902 
162,928 
Taxes and social security
22,006 
6,473 
Other creditors
130,767 
182,742 
Loans from directors
36,062 
18,779 
594,737 
370,922 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
29,626 
33,872 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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