Company Registration No. 06746362 (England and Wales)
Kimar Limited
Unaudited accounts
for the year ended 30 November 2023
Kimar Limited
Unaudited accounts
Contents
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
Kimar Limited
Statement of financial position
as at 30 November 2023
Cash at bank and in hand
10,492
35,498
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)
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
Kimar Limited
Notes to the Accounts
for the year ended 30 November 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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 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.
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 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.
Kimar Limited
Notes to the Accounts
for the year ended 30 November 2023
4
Intangible fixed assets
Goodwill
Other
Total
At 1 December 2022
5,000
235
5,235
Disposals
(5,000)
(235)
(5,235)
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 1 December 2022
9,646
7,821
17,467
On disposals
(9,646)
(7,821)
(17,467)
At 30 November 2022
5,979
7,138
13,117
Amounts falling due within one year
Accrued income and prepayments
-
723
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
2,167
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
Loans from directors
-
13,628
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).