Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31542022-10-01falseNo description of principal activityfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01945816 2022-10-01 2024-03-31 01945816 2021-10-01 2022-09-30 01945816 2024-03-31 01945816 2022-09-30 01945816 c:Director2 2022-10-01 2024-03-31 01945816 c:Director3 2022-10-01 2024-03-31 01945816 d:MotorVehicles 2022-10-01 2024-03-31 01945816 d:MotorVehicles 2024-03-31 01945816 d:MotorVehicles 2022-09-30 01945816 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-10-01 2024-03-31 01945816 d:FurnitureFittings 2022-10-01 2024-03-31 01945816 d:FurnitureFittings 2024-03-31 01945816 d:FurnitureFittings 2022-09-30 01945816 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-10-01 2024-03-31 01945816 d:OwnedOrFreeholdAssets 2022-10-01 2024-03-31 01945816 d:CurrentFinancialInstruments 2024-03-31 01945816 d:CurrentFinancialInstruments 2022-09-30 01945816 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 01945816 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 01945816 d:ShareCapital 2024-03-31 01945816 d:ShareCapital 2022-09-30 01945816 d:RetainedEarningsAccumulatedLosses 2024-03-31 01945816 d:RetainedEarningsAccumulatedLosses 2022-09-30 01945816 c:FRS102 2022-10-01 2024-03-31 01945816 c:AuditExempt-NoAccountantsReport 2022-10-01 2024-03-31 01945816 c:FullAccounts 2022-10-01 2024-03-31 01945816 c:PrivateLimitedCompanyLtd 2022-10-01 2024-03-31 01945816 e:PoundSterling 2022-10-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 01945816









KARAFLINT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
KARAFLINT LIMITED
REGISTERED NUMBER: 01945816

BALANCE SHEET
AS AT 31 MARCH 2024

31 March
30 September
2024
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
460
18,637

  
460
18,637

Current assets
  

Stocks
  
-
69,975

Debtors: amounts falling due within one year
 5 
12,584
51,254

Cash at bank and in hand
 6 
107,920
82,985

  
120,504
204,214

Creditors: amounts falling due within one year
 7 
(71,401)
(56,947)

Net current assets
  
 
 
49,103
 
 
147,267

Total assets less current liabilities
  
49,563
165,904

  

Net assets
  
49,563
165,904


Capital and reserves
  

Called up share capital 
  
103
103

Profit and loss account
  
49,460
165,801

  
49,563
165,904


Page 1

 
KARAFLINT LIMITED
REGISTERED NUMBER: 01945816
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
K R L Aresti
................................................
G Aresti
Director
Director


Date: 19 September 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
KARAFLINT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Karaflint Limited is a company limited by shares incorporated in England within the United Kingdom. The address of the registered office is Radius House, First Floor, 51 Clarendon Road, Watford, Herts, WD17 1HP. 
The company's principal activity is that of an electrical wholesalers. 
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

It has been concluded that it is not appropriate to prepare the financial statements on a going concern basis due to the decision to wind up the company. Consequently, the financial statements have been prepared on a break-up basis. Assets are stated at their estimated realisable values and liabilities at their expected settlement amounts

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
KARAFLINT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
KARAFLINT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2024
2022
£
£

Wages and salaries
95,175
77,463

Social security costs
840
1,139

Cost of defined contribution scheme
19,694
17,686

115,709
96,288


The average monthly number of employees, including directors, during the period was 4 (2022 - 5).

Page 5

 
KARAFLINT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


Tangible fixed assets







Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 October 2022
19,824
76,434
96,258


Additions
-
2,351
2,351


Disposals
(19,824)
(78,033)
(97,857)



At 31 March 2024

-
752
752



Depreciation


At 1 October 2022
4,569
73,052
77,621


Charge for the period on owned assets
3,179
276
3,455


Disposals
(7,748)
(73,036)
(80,784)



At 31 March 2024

-
292
292



Net book value



At 31 March 2024
-
460
460



At 30 September 2022
15,255
3,382
18,637

Page 6

 
KARAFLINT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

5.


Debtors

31 March
30 September
2024
2022
£
£


Trade debtors
11,444
50,250

Other debtors
1,140
-

Prepayments and accrued income
-
1,004

12,584
51,254



6.


Cash and cash equivalents

31 March
30 September
2024
2022
£
£

Cash at bank and in hand
107,920
82,985

107,920
82,985



7.


Creditors: Amounts falling due within one year

31 March
30 September
2024
2022
£
£

Trade creditors
-
43,493

Other taxation and social security
-
4,147

Other creditors
70,176
6,707

Accruals and deferred income
1,225
2,600

71,401
56,947


 
Page 7