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REGISTERED NUMBER: 10627769 (England and Wales)















Financial Statements for the Year Ended 28th February 2023

for

KERNOW CURRY LIMITED

KERNOW CURRY LIMITED (Registered number: 10627769)

Contents of the Financial Statements
for the Year Ended 28th February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KERNOW CURRY LIMITED

Company Information
for the Year Ended 28th February 2023







DIRECTOR: K S MUDHAR





SECRETARY:





REGISTERED OFFICE: 35 ST PIRANS ROAD
PERRANPORTH
CORWALL
TR6 0BJ





REGISTERED NUMBER: 10627769 (England and Wales)





ACCOUNTANT: A K & Co Accountants
732 Walsall Road
Great Barr
Birmingham
West Midlands
B42 1EX

KERNOW CURRY LIMITED (Registered number: 10627769)

Balance Sheet
28th February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,500 15,000
Property, plant and equipment 5 11,327 14,388
23,827 29,388

CURRENT ASSETS
Inventories 6 3,881 4,788
Debtors 7 12,011 11,975
Cash at bank and in hand 24,724 41,564
40,616 58,327
CREDITORS
Amounts falling due within one year 8 19,715 19,598
NET CURRENT ASSETS 20,901 38,729
TOTAL ASSETS LESS CURRENT LIABILITIES 44,728 68,117

CREDITORS
Amounts falling due after more than one
year

9

63,689

74,338
NET LIABILITIES (18,961 ) (6,221 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 (19,061 ) (6,321 )
SHAREHOLDERS' FUNDS (18,961 ) (6,221 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

KERNOW CURRY LIMITED (Registered number: 10627769)

Balance Sheet - continued
28th February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21st August 2024 and were signed by:





K S MUDHAR - Director


KERNOW CURRY LIMITED (Registered number: 10627769)

Notes to the Financial Statements
for the Year Ended 28th February 2023


1. STATUTORY INFORMATION

KERNOW CURRY LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings 15% pa on reducing balance

Motor vehicles 15% pa on reducing balance

Plant and machinery 15% pa on reducing balance

Goodwill 10% pa on flat rates

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


KERNOW CURRY LIMITED (Registered number: 10627769)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st March 2022
and 28th February 2023 25,000
AMORTISATION
At 1st March 2022 10,000
Amortisation for year 2,500
At 28th February 2023 12,500
NET BOOK VALUE
At 28th February 2023 12,500
At 28th February 2022 15,000

KERNOW CURRY LIMITED (Registered number: 10627769)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2023


5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st March 2022 2,792 17,201 7,250 2,679 29,922
Additions - 150 - 528 678
At 28th February 2023 2,792 17,351 7,250 3,207 30,600
DEPRECIATION
At 1st March 2022 881 9,925 3,682 1,046 15,534
Charge for year 284 1,985 1,182 288 3,739
At 28th February 2023 1,165 11,910 4,864 1,334 19,273
NET BOOK VALUE
At 28th February 2023 1,627 5,441 2,386 1,873 11,327
At 28th February 2022 1,911 7,276 3,568 1,633 14,388

6. INVENTORIES
28.2.23 28.2.22
£    £   
Stocks 3,881 4,788

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 2,011 1,975
Advance Rent 10,000 10,000
12,011 11,975

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts (see note 10) - 9,380
Trade creditors 5,882 -
Tax 1,850 1,850
Social security and other taxes 7,908 6,508
Directors' current accounts 2,625 110
Accrued expenses 1,450 1,750
19,715 19,598

KERNOW CURRY LIMITED (Registered number: 10627769)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2023


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Other loans (see note 10) 63,689 74,338

10. LOANS

An analysis of the maturity of loans is given below:

28.2.23 28.2.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 9,380

Amounts falling due between one and two years:
Other loans - 1-2 years 27,000 27,000

Amounts falling due between two and five years:
Other loans - 2-5 years 36,689 47,338

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary share capital £1 100 100

12. RESERVES
Retained
earnings
£   

At 1st March 2022 (6,321 )
Deficit for the year (12,740 )
At 28th February 2023 (19,061 )