Company Registration No. 06878284 (England and Wales)
Karpasi Food Imports Limited
Unaudited accounts
for the year ended 30 April 2024
Karpasi Food Imports Limited
Unaudited accounts
Contents
Karpasi Food Imports Limited
Company Information
for the year ended 30 April 2024
Company Number
06878284 (England and Wales)
Registered Office
2 PAUL GARDENS
CROYDON
SURREY
CR0 5QL
Accountants
Milton & Co
International Accountants
2 Paul Gardens
Croydon
Surrey
CR0 5QL
Karpasi Food Imports Limited
Statement of financial position
as at 30 April 2024
Tangible assets
13,459
16,696
Cash at bank and in hand
807
1,509
Creditors: amounts falling due within one year
(73,698)
(70,962)
Net current liabilities
(43,941)
(25,005)
Total assets less current liabilities
(30,482)
(8,309)
Creditors: amounts falling due after more than one year
(36,671)
(50,605)
Net liabilities
(67,153)
(58,914)
Called up share capital
1
1
Profit and loss account
(67,154)
(58,915)
Shareholders' funds
(67,153)
(58,914)
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 August 2024 and were signed on its behalf by
P Panayiotou
Director
Company Registration No. 06878284
Karpasi Food Imports Limited
Notes to the Accounts
for the year ended 30 April 2024
Karpasi Food Imports Limited is a private company, limited by shares, registered in England and Wales, registration number 06878284. The registered office is 2 PAUL GARDENS, CROYDON, SURREY, CR0 5QL. The principal place of business is 18 Hallwick Road, London, N10 1AB, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance basis
Motor vehicles
25% reducing balance basis
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The principal activity of the Company is that of Wholesale Food Importers.
The Director does not recommend the payment of any Dividends.
The accounts have been drawn up on the going concern basis following the Director’s assessment of the company’s ability to trade for at least 12 months from the date these accounts have been approved. In conclusion, whilst there is some uncertainty, the Director does not believe there is a material uncertainty which casts significant doubt on the company’s ability to continue to trade.
Karpasi Food Imports Limited
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 May 2023
14,180
20,250
34,430
Disposals
-
(3,750)
(3,750)
At 30 April 2024
14,180
16,500
30,680
At 1 May 2023
6,766
10,968
17,734
Charge for the year
1,854
1,383
3,237
Surplus on revaluation
-
(3,750)
(3,750)
At 30 April 2024
8,620
8,601
17,221
At 30 April 2024
5,560
7,899
13,459
At 30 April 2023
7,414
9,282
16,696
Raw materials
24,500
40,000
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Loans from directors
44,311
69,422
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
10,275
13,799
Karpasi Food Imports Limited
Notes to the Accounts
for the year ended 30 April 2024
Allotted, called up and fully paid:
1 Ordinary shares - P Panayiotou of £1 each
1
1
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).