KASHMIR CONVENIENT FOODS LIMITED

Company Registration Number:
12809673 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2023

Period of accounts

Start date: 01 September 2022

End date: 31 August 2023

KASHMIR CONVENIENT FOODS LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2023

Balance sheet
Notes

KASHMIR CONVENIENT FOODS LIMITED

Balance sheet

As at 31 August 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 38,500 42,000
Tangible assets: 4 30,073 30,735
Total fixed assets: 68,573 72,735
Current assets
Stocks: 287,651 243,861
Debtors:   6,640 5,750
Cash at bank and in hand: 31,915 64,294
Total current assets: 326,206 313,905
Creditors: amounts falling due within one year: 5 (199,141) (337,146)
Net current assets (liabilities): 127,065 (23,241)
Total assets less current liabilities: 195,638 49,494
Creditors: amounts falling due after more than one year: 6 (248,000) (142,019)
Total net assets (liabilities): (52,362) (92,525)
Capital and reserves
Called up share capital: 100 1
Profit and loss account: (52,462) (92,526)
Shareholders funds: (52,362) (92,525)

The notes form part of these financial statements

KASHMIR CONVENIENT FOODS LIMITED

Balance sheet statements

For the year ending 31 August 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 August 2024
and signed on behalf of the board by:

Name: Mr A Singh Riyait
Status: Director

The notes form part of these financial statements

KASHMIR CONVENIENT FOODS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

1. Accounting policies

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

Turnover policy

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.

Tangible fixed assets and depreciation policy

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

Intangible fixed assets and amortisation policy

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses

KASHMIR CONVENIENT FOODS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

2. Employees

2023 2022
Average number of employees during the period 13 7

KASHMIR CONVENIENT FOODS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Intangible Assets

Total
Cost £
At 01 September 2022 49,000
At 31 August 2023 49,000
Amortisation
At 01 September 2022 7,000
Charge for year 3,500
At 31 August 2023 10,500
Net book value
At 31 August 2023 38,500
At 31 August 2022 42,000

KASHMIR CONVENIENT FOODS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Tangible Assets

Total
Cost £
At 01 September 2022 45,627
Additions 6,308
At 31 August 2023 51,935
Depreciation
At 01 September 2022 14,892
Charge for year 6,970
At 31 August 2023 21,862
Net book value
At 31 August 2023 30,073
At 31 August 2022 30,735

KASHMIR CONVENIENT FOODS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

5. Creditors: amounts falling due within one year note

Bank loans and overdraft: £32,644Trade creditors: £159,483Taxation:£7,014

KASHMIR CONVENIENT FOODS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

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

Directors Loan: £248,000