2023-01-012023-12-312023-12-31false05805316KBA CAR PARTS 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KBA CAR PARTS LTD

Registered Number
05805316
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

KBA CAR PARTS LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

MADANI-AFKHAMI, Maliheh

Registered Address

Unit 14 Io Centre
59-71 River Road
Barking
IG11 0DR

Registered Number

05805316 (England and Wales)
KBA CAR PARTS LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets373,21987,196
73,21987,196
Current assets
Stocks4760,500712,000
Debtors582,03633,153
Cash at bank and on hand57,941787,057
900,4771,532,210
Creditors amounts falling due within one year6(694,917)(1,372,797)
Net current assets (liabilities)205,560159,413
Total assets less current liabilities278,779246,609
Net assets278,779246,609
Capital and reserves
Called up share capital11
Profit and loss account278,778246,608
Shareholders' funds278,779246,609
The financial statements were approved and authorised for issue by the Director on 18 September 2024, and are signed on its behalf by:
MADANI-AFKHAMI, Maliheh
Director
Registered Company No. 05805316
KBA CAR PARTS LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Vehicles25
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year66
3.Tangible fixed assets

Plant & machinery

Vehicles

Total

£££
Cost or valuation
At 01 January 2344,10085,198129,298
Additions10,430-10,430
At 31 December 2354,53085,198139,728
Depreciation and impairment
At 01 January 2320,80221,30042,102
Charge for year8,43215,97524,407
At 31 December 2329,23437,27566,509
Net book value
At 31 December 2325,29647,92373,219
At 31 December 2223,29863,89887,196
4.Stocks

2023

2022

££
Raw materials and consumables760,500712,000
Total760,500712,000
5.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables75,53623,338
Other debtors6,5009,815
Total82,03633,153
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables363,305299,368
Bank borrowings and overdrafts10,000730,412
Taxation and social security123,69114,399
Other creditors192,922323,618
Accrued liabilities and deferred income4,9995,000
Total694,9171,372,797