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REGISTERED NUMBER: 09157957












ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

K M R SOURCING LIMITED

K M R SOURCING LIMITED (REGISTERED NUMBER: 09157957)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


K M R SOURCING LIMITED

COMPANY INFORMATION
for the year ended 30 November 2023







DIRECTOR: R Jhanji





REGISTERED OFFICE: Seven Stars House
1 Wheler Road
Coventry
CV3 4LB





REGISTERED NUMBER: 09157957






K M R SOURCING LIMITED (REGISTERED NUMBER: 09157957)

ABRIDGED BALANCE SHEET
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,860 2,132

CURRENT ASSETS
Stocks 98,277 102,262
Debtors 583,324 641,048
Cash at bank 16,265 22,125
697,866 765,435
CREDITORS
Amounts falling due within one year 596,448 675,445
NET CURRENT ASSETS 101,418 89,990
TOTAL ASSETS LESS CURRENT
LIABILITIES

105,278

92,122

PROVISIONS FOR LIABILITIES 965 405
NET ASSETS 104,313 91,717

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 104,311 91,715
SHAREHOLDERS' FUNDS 104,313 91,717

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 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.

K M R SOURCING LIMITED (REGISTERED NUMBER: 09157957)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 9 August 2024 and were signed by:





R Jhanji - Director


K M R SOURCING LIMITED (REGISTERED NUMBER: 09157957)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2023

1. STATUTORY INFORMATION

K M R Sourcing 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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and remain unchanged from the previous year.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - Straight line over 3 years

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 Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

K M R SOURCING LIMITED (REGISTERED NUMBER: 09157957)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 6,981
Additions 3,037
Disposals (3,768 )
At 30 November 2023 6,250
DEPRECIATION
At 1 December 2022 4,849
Charge for year 1,309
Eliminated on disposal (3,768 )
At 30 November 2023 2,390
NET BOOK VALUE
At 30 November 2023 3,860
At 30 November 2022 2,132

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
R Jhanji
Balance outstanding at start of year 311,708 248,847
Amounts advanced 96,708 95,361
Amounts repaid (56,612 ) (32,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 351,804 311,708

6. CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.