Registered number
06027426
Krishnim Limited
Filleted Accounts
for the year ended 30 November 2023
Krishnim Limited
Registered number: 06027426
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 - 9,000
Tangible assets 4 5,166 6,458
5,166 15,458
Current assets
Stocks 65,761 64,426
Cash at bank and in hand 460 20,956
66,221 85,382
Creditors: amounts falling due within one year 5 (91,927) (121,425)
Net current liabilities (25,706) (36,043)
Net liabilities (20,540) (20,585)
Capital and reserves
Called up share capital 4 4
Profit and loss account (20,544) (20,589)
Shareholders' funds (20,540) (20,585)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Mukand P Patel
Director
Approved by the board on 26 March 2024
Krishnim Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings Nil
Plant and machinery 20% reducing balances
Fixtures, fittings, tools and equipment 20% reducing balances
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments.
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2022 135,000
At 30 November 2023 135,000
Amortisation
At 1 December 2022 126,000
Provided during the year 9,000
At 30 November 2023 135,000
Net book value
At 30 November 2023 -
At 30 November 2022 9,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 15 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 104,770
At 30 November 2023 104,770
Depreciation
At 1 December 2022 98,312
Charge for the year 1,292
At 30 November 2023 99,604
Net book value
At 30 November 2023 5,166
At 30 November 2022 6,458
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 3,456 12,155
Accruals- Accountancy - 840
Taxation and social security costs 6,491 9,450
Other creditors 81,980 98,980
91,927 121,425
6 Other information
Krishnim Limited is a private company limited by shares and incorporated in England. Its registered office is:
25 Balham High Road
Balham
London
SW12 9AL
Krishnim Limited 06027426 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts October 2023 release 2 Mr Mukand P Patel No description of principal activity 06027426 2021-12-01 2022-11-30 06027426 core:WithinOneYear 2022-11-30 06027426 core:ShareCapital 2022-11-30 06027426 core:RetainedEarningsAccumulatedLosses 2022-11-30 06027426 2022-12-01 2023-11-30 06027426 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 06027426 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 06027426 bus:Director40 2022-12-01 2023-11-30 06027426 1 2022-12-01 2023-11-30 06027426 2 2022-12-01 2023-11-30 06027426 core:Goodwill 2022-12-01 2023-11-30 06027426 core:PlantMachinery 2022-12-01 2023-11-30 06027426 countries:England 2022-12-01 2023-11-30 06027426 bus:FRS102 2022-12-01 2023-11-30 06027426 bus:FullAccounts 2022-12-01 2023-11-30 06027426 2023-11-30 06027426 core:WithinOneYear 2023-11-30 06027426 core:ShareCapital 2023-11-30 06027426 core:RetainedEarningsAccumulatedLosses 2023-11-30 06027426 core:Goodwill 2023-11-30 06027426 core:PlantMachinery 2023-11-30 06027426 2022-11-30 06027426 core:Goodwill 2022-11-30 06027426 core:PlantMachinery 2022-11-30 iso4217:GBP xbrli:pure