KARDI VEHICLES LTD

Company Registration Number:
SC380341 (Scotland)

Unaudited statutory accounts for the year ended 30 June 2023

Period of accounts

Start date: 1 July 2022

End date: 30 June 2023

KARDI VEHICLES LTD

Contents of the Financial Statements

for the Period Ended 30 June 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

KARDI VEHICLES LTD

Directors' report period ended 30 June 2023

The directors present their report with the financial statements of the company for the period ended 30 June 2023

Principal activities of the company

The sale of motor vehicles and hire of motor vehicles



Directors

The directors shown below have held office during the whole of the period from
1 July 2022 to 30 June 2023

William Sherlock
William Sherlock
Aaron Sherlock


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
20 December 2023

And signed on behalf of the board by:
Name: William Sherlock
Status: Director

KARDI VEHICLES LTD

Profit And Loss Account

for the Period Ended 30 June 2023

2023 2022


£

£
Turnover: 8,093,644 6,095,578
Cost of sales: ( 7,049,493 ) ( 5,595,788 )
Gross profit(or loss): 1,044,151 499,790
Administrative expenses: ( 850,141 ) ( 275,611 )
Operating profit(or loss): 194,010 224,179
Profit(or loss) before tax: 194,010 224,179
Profit(or loss) for the financial year: 194,010 224,179

KARDI VEHICLES LTD

Balance sheet

As at 30 June 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 1,511,487 269,118
Total fixed assets: 1,511,487 269,118
Current assets
Stocks: 4 1,916,730 2,554,581
Debtors: 5 710,054 936,832
Cash at bank and in hand: 169,111 173,510
Total current assets: 2,795,895 3,664,923
Creditors: amounts falling due within one year: 6 ( 536,112 ) ( 489,427 )
Net current assets (liabilities): 2,259,783 3,175,496
Total assets less current liabilities: 3,771,270 3,444,614
Creditors: amounts falling due after more than one year: 7 ( 430,096 ) ( 297,450 )
Total net assets (liabilities): 3,341,174 3,147,164
Capital and reserves
Called up share capital: 150 150
Other reserves: 354,466 354,466
Profit and loss account: 2,986,558 2,792,548
Total Shareholders' funds: 3,341,174 3,147,164

The notes form part of these financial statements

KARDI VEHICLES LTD

Balance sheet statements

For the year ending 30 June 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 20 December 2023
and signed on behalf of the board by:

Name: William Sherlock
Status: Director

The notes form part of these financial statements

KARDI VEHICLES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

KARDI VEHICLES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 5 6

KARDI VEHICLES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2022 200,883 1,876 66,359 269,118
Additions 1,242,369 1,242,369
Disposals
Revaluations
Transfers
At 30 June 2023 200,883 1,876 1,308,728 1,511,487
Depreciation
At 1 July 2022
Charge for year
On disposals
Other adjustments
At 30 June 2023
Net book value
At 30 June 2023 200,883 1,876 1,308,728 1,511,487
At 30 June 2022 200,883 1,876 66,359 269,118

KARDI VEHICLES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Stocks

2023 2022
£ £
Stocks 1,916,730 2,554,581
Total 1,916,730 2,554,581

KARDI VEHICLES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Debtors

2023 2022
£ £
Trade debtors 710,054 936,832
Total 710,054 936,832

KARDI VEHICLES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 81,220
Amounts due under finance leases and hire purchase contracts 214,400
Trade creditors 149,607 489,427
Taxation and social security 90,885
Total 536,112 489,427

KARDI VEHICLES LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

7. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 249,931
Amounts due under finance leases and hire purchase contracts 180,165
Other creditors 297,450
Total 430,096 297,450