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REGISTERED NUMBER: 14086429 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Karwanluton Limited

Karwanluton Limited (Registered number: 14086429)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Karwanluton Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: A Jabarkhel





REGISTERED OFFICE: 5-7 Moor Street
Luton
LU1 1HA





REGISTERED NUMBER: 14086429 (England and Wales)





ACCOUNTANTS: Three Leaves
Chartered Certified Accountants
2 Manor House Lane
Datchet
Slough
Berkshire
SL3 9EB

Karwanluton Limited (Registered number: 14086429)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 193,082 116,353

CURRENT ASSETS
Stocks 6,750 4,150
Cash at bank 103,582 59,659
110,332 63,809
CREDITORS
Amounts falling due within one year 5 213,639 126,069
NET CURRENT LIABILITIES (103,307 ) (62,260 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

89,775

54,093

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 6 89,774 54,092
89,775 54,093

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

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

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 director and authorised for issue on 4 September 2024 and were signed by:





A Jabarkhel - Director


Karwanluton Limited (Registered number: 14086429)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Karwanluton 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.

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 cost and 15% on cost

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.

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 12 (2023 - 5 ) .

Karwanluton Limited (Registered number: 14086429)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 130,204
Additions 120,420
At 31 May 2024 250,624
DEPRECIATION
At 1 June 2023 13,851
Charge for year 43,691
At 31 May 2024 57,542
NET BOOK VALUE
At 31 May 2024 193,082
At 31 May 2023 116,353

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 41,986 29,604
Taxation and social security 50,087 16,132
Other creditors 121,566 80,333
213,639 126,069

6. RESERVES
Retained
earnings
£   

At 1 June 2023 54,092
Profit for the year 95,682
Dividends (60,000 )
At 31 May 2024 89,774