Registered number
12283596
KLER Food Ltd
Filleted Accounts
31 October 2023
KLER Food Ltd
Registered number: 12283596
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 140,000 140,000
Tangible assets 4 1,537 1,808
141,537 141,808
Current assets
Stocks 4,407 3,754
Debtors 5 100 100
Cash at bank and in hand 30,832 22,855
35,339 26,709
Creditors: amounts falling due within one year 6 (136,902) (132,390)
Net current liabilities (101,563) (105,681)
Total assets less current liabilities 39,974 36,127
Creditors: amounts falling due after more than one year 7 (22,230) (31,220)
Net assets 17,744 4,907
Capital and reserves
Called up share capital 100 100
Profit and loss account 17,644 4,807
Shareholder's funds 17,744 4,907
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 Gursimran Singh Kler
Director
Approved by the board on 29 July 2024
KLER Food Ltd
Notes to the Accounts
for the year ended 31 October 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. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant and machinery 15% Reducing balance
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Intangible fixed assets £
Goodwill:
Cost
At 1 November 2022 140,000
At 31 October 2023 140,000
Amortisation
At 31 October 2023 -
Net book value
At 31 October 2023 140,000
At 31 October 2022 140,000
Goodwill is not being written off.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2022 2,944
At 31 October 2023 2,944
Depreciation
At 1 November 2022 1,136
Charge for the year 271
At 31 October 2023 1,407
Net book value
At 31 October 2023 1,537
At 31 October 2022 1,808
5 Debtors 2023 2022
£ £
Other debtors 100 100
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 3,250 -
Director loan 120,514 121,626
Taxation and social security costs 10,103 6,606
Other creditors 3,035 4,158
136,902 132,390
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 22,230 31,220
8 Other information
KLER Food Ltd is a private company limited by shares and incorporated in England. Its registered office is:
75 High Street
Bilston
Wolverhampton
WV14 0HH
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