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REGISTERED NUMBER: 03230974 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Kramar Limited

Kramar Limited (Registered number: 03230974)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kramar Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs M A Markey
Ms D Markey





SECRETARY: Ms D Markey





REGISTERED OFFICE: Station Garage
Bradbury
Stockton On Tees
Cleveland
TS21 2ES





REGISTERED NUMBER: 03230974 (England and Wales)





ACCOUNTANTS: Inspire Chartered Accountants
6 Queens Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NE11 0BU

Kramar Limited (Registered number: 03230974)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 118,819 62,971
118,819 62,971

CURRENT ASSETS
Debtors 7 46,834 36,388
Cash at bank 128,631 302,892
175,465 339,280
CREDITORS
Amounts falling due within one year 8 10,271 81,049
NET CURRENT ASSETS 165,194 258,231
TOTAL ASSETS LESS CURRENT
LIABILITIES

284,013

321,202

PROVISIONS FOR LIABILITIES 21,551 11,006
NET ASSETS 262,462 310,196

CAPITAL AND RESERVES
Called up share capital 12 12
Retained earnings 262,450 310,184
SHAREHOLDERS' FUNDS 262,462 310,196

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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

Kramar Limited (Registered number: 03230974)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:





Ms D Markey - Director


Kramar Limited (Registered number: 03230974)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Kramar 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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
Goodwill, being the amount paid in connection with the acquisition of the business in 2004, has been amortised evenly over it's estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

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.


Kramar Limited (Registered number: 03230974)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 35,728
AMORTISATION
At 1 January 2023
and 31 December 2023 35,728
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

Kramar Limited (Registered number: 03230974)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 1,282,523
Additions 114,930
Disposals (107,300 )
At 31 December 2023 1,290,153
DEPRECIATION
At 1 January 2023 1,219,552
Charge for year 59,082
Eliminated on disposal (107,300 )
At 31 December 2023 1,171,334
NET BOOK VALUE
At 31 December 2023 118,819
At 31 December 2022 62,971

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 28,569 31,732
Other debtors 18,265 4,656
46,834 36,388

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 8,877 12,640
Taxation and social security 893 38,176
Other creditors 501 30,233
10,271 81,049