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Company Registration No. 06746362 (England and Wales)
Kimar Limited Unaudited accounts for the year ended 30 November 2023
Kimar Limited Unaudited accounts Contents
Page
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Kimar Limited Company Information for the year ended 30 November 2023
Director
Kwai Kheong Cheong
Company Number
06746362 (England and Wales)
Registered Office
17 GAINSBORO GARDENS GREENFORD MIDDLESEX UB6 0JG
Accountants
Utopians Accountants 49 Highview Pinner Middlesex HA5 3PE
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Kimar Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
5,235 
Tangible assets
- 
13,117 
- 
18,352 
Current assets
Inventories
- 
5,176 
Debtors
- 
806 
Cash at bank and in hand
10,492 
35,498 
10,492 
41,480 
Creditors: amounts falling due within one year
- 
(8,857)
Net current assets
10,492 
32,623 
Total assets less current liabilities
10,492 
50,975 
Creditors: amounts falling due after more than one year
- 
(40,483)
Net assets
10,492 
10,492 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
10,392 
10,392 
Shareholders' funds
10,492 
10,492 
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 August 2024 and were signed on its behalf by
Kwai Kheong Cheong Director Company Registration No. 06746362
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Kimar Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Kimar Limited is a private company, limited by shares, registered in England and Wales, registration number 06746362. The registered office is 17 GAINSBORO GARDENS, GREENFORD, MIDDLESEX, UB6 0JG. The company is in the process of being wound up.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% on reducing balance
Motor vehicles
20% on reducing balance
Fixtures & fittings
10% on reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Kimar Limited Notes to the Accounts for the year ended 30 November 2023
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 December 2022
5,000 
235 
5,235 
Disposals
(5,000)
(235)
(5,235)
At 30 November 2023
- 
- 
- 
Amortisation
At 1 December 2022
- 
- 
- 
At 30 November 2023
- 
- 
- 
Net book value
At 30 November 2023
- 
- 
- 
At 30 November 2022
5,000 
235 
5,235 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
15,625 
14,959 
30,584 
Disposals
(15,625)
(14,959)
(30,584)
At 30 November 2023
- 
- 
- 
Depreciation
At 1 December 2022
9,646 
7,821 
17,467 
On disposals
(9,646)
(7,821)
(17,467)
At 30 November 2023
- 
- 
- 
Net book value
At 30 November 2023
- 
- 
- 
At 30 November 2022
5,979 
7,138 
13,117 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
83 
Accrued income and prepayments
- 
723 
- 
806 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
5,213 
Trade creditors
- 
1,477 
Taxes and social security
- 
2,167 
- 
8,857 
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Kimar Limited Notes to the Accounts for the year ended 30 November 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
26,855 
Loans from directors
- 
13,628 
- 
40,483 
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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