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REGISTERED NUMBER: 04446891 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Karsons Limited

Karsons Limited (Registered number: 04446891)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Karsons Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: L K Patel
N K Patel





SECRETARY: L K Patel





REGISTERED OFFICE: 506 New Cross Road
New Cross
London
SE14 6TJ





REGISTERED NUMBER: 04446891 (England and Wales)





ACCOUNTANTS: Kallis LLP
Chartered Certified Accountant
22 Westward Way
Harrow
Middlesex
HA3 0SE

Karsons Limited (Registered number: 04446891)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,838 4,593
5,838 4,593

CURRENT ASSETS
Stocks 116,094 115,018
Debtors 6 675,618 772,923
Cash at bank and in hand 169,099 134,892
960,811 1,022,833
CREDITORS
Amounts falling due within one year 7 150,344 143,331
NET CURRENT ASSETS 810,467 879,502
TOTAL ASSETS LESS CURRENT
LIABILITIES

816,305

884,095

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 816,205 883,995
SHAREHOLDERS' FUNDS 816,305 884,095

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Karsons Limited (Registered number: 04446891)

Balance Sheet - continued
30 November 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 Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





L K Patel - Director


Karsons Limited (Registered number: 04446891)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

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

Goodwill
Purchased goodwill is initially recognised at cost. After recognition purchased goodwill is amortised over its expected useful life and measured at cost less accumulated amortisation.

Goodwill is considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceeds 10 years.

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% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks 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.


Karsons Limited (Registered number: 04446891)

Notes to the Financial Statements - continued
for the Year Ended 30 November 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.

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 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 500,000
AMORTISATION
At 1 December 2022
and 30 November 2023 500,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

Karsons Limited (Registered number: 04446891)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2022 38,210 7,364 45,574
Additions 2,342 - 2,342
At 30 November 2023 40,552 7,364 47,916
DEPRECIATION
At 1 December 2022 34,185 6,796 40,981
Charge for year 955 142 1,097
At 30 November 2023 35,140 6,938 42,078
NET BOOK VALUE
At 30 November 2023 5,412 426 5,838
At 30 November 2022 4,025 568 4,593

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 942 8,105
Other debtors 655,000 755,000
VAT 16,063 7,081
Prepayments 3,613 2,737
675,618 772,923

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 95,369 85,048
Tax 6,325 12,930
Other loans 42,809 40,416
Accrued expenses 5,841 4,937
150,344 143,331

Karsons Limited (Registered number: 04446891)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. RELATED PARTY DISCLOSURES

Included within other debtors is an amount due from the following related parties:

Mr Sanjay Patel is the shareholder of Karsons Limited.

Due from Bristol Pharma Limited £610,000 (2022: £610,000 ) a company in which Mr Sanjay Patel is a director and shareholder.

Due from Wilkins Medical Supplies Ltd £45,000 (2022: £65,000 ) a company in which Mr Sanjay Patel is a director and shareholder.

All the above loans have no terms of repayments or interest attached to them.