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REGISTERED NUMBER: 08911609 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

K3 MART LIMITED

K3 MART LIMITED (REGISTERED NUMBER: 08911609)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K3 MART LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr K Patel
Mrs K Patel





REGISTERED OFFICE: 1-2 Grand Parade
Station Road
Hook
RG27 9HF





REGISTERED NUMBER: 08911609 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co
Chartered Certified Accountants
4 Green Lane Business Park
238 Green lane
New Eltham
London
SE9 3TL

K3 MART LIMITED (REGISTERED NUMBER: 08911609)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,348 32,837

CURRENT ASSETS
Stocks 42,750 39,750
Debtors 5 10,707 21,112
Cash at bank and in hand 57,260 24,804
110,717 85,666
CREDITORS
Amounts falling due within one year 6 112,021 123,912
NET CURRENT LIABILITIES (1,304 ) (38,246 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,044

(5,409

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 27,944 (5,509 )
SHAREHOLDERS' FUNDS 28,044 (5,409 )

K3 MART LIMITED (REGISTERED NUMBER: 08911609)

BALANCE SHEET - continued
31 MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 20 August 2024 and were signed on its behalf by:





Mr K Patel - Director


K3 MART LIMITED (REGISTERED NUMBER: 08911609)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

K3 Mart 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

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

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 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 43,783
Additions 6,294
At 31 March 2024 50,077
DEPRECIATION
At 1 April 2023 10,946
Charge for year 9,783
At 31 March 2024 20,729
NET BOOK VALUE
At 31 March 2024 29,348
At 31 March 2023 32,837

K3 MART LIMITED (REGISTERED NUMBER: 08911609)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 707 11,112

Amounts falling due after more than one year:
Trade debtors 10,000 10,000

Aggregate amounts 10,707 21,112

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Loan 40,329 -
Trade creditors 33,215 36,436
Taxation and social security 11,243 67
Other creditors 27,234 87,409
112,021 123,912