Company Registration No. 12195254 (England and Wales)
KARACHI FOODS LTD
accounts
for the year ended 30 September 2023
KARACHI FOODS LTD
accounts
Contents
KARACHI FOODS LTD
Statement of financial position
as at 30 September 2023
Tangible assets
31,374
26,888
Inventories
285,685
193,691
Cash at bank and in hand
16,348
21,800
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)
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
KARACHI FOODS LTD
Notes to the Accounts
for the year ended 30 September 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 30 September 2023
44,800
15,320
60,120
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
At 30 September 2023
18,486
12,888
31,374
At 30 September 2022
23,254
3,634
26,888
KARACHI FOODS LTD
Notes to the Accounts
for the year ended 30 September 2023
Amounts falling due within one year
Trade debtors
345,934
159,602
Accrued income and prepayments
66
66
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
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).