Company Registration No. 13852594 (England and Wales)
Kartel Prime Ltd
Unaudited accounts
for the year ended 31 January 2024
Kartel Prime Ltd
Unaudited accounts
Contents
Kartel Prime Ltd
Company Information
for the year ended 31 January 2024
Company Number
13852594 (England and Wales)
Registered Office
1 Monks Drive
London
London
W3 0EG
England
Kartel Prime Ltd
Statement of financial position
as at 31 January 2024
Cash at bank and in hand
6,743
-
Creditors: amounts falling due within one year
(8,324)
(4,771)
Net current assets
204,000
195,842
Net assets
204,000
195,842
Called up share capital
100
100
Profit and loss account
203,900
195,742
Shareholders' funds
204,000
195,842
For the year ending 31 January 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 25 October 2024 and were signed on its behalf by
Igor Kartel
Director
Company Registration No. 13852594
Kartel Prime Ltd
Notes to the Accounts
for the year ended 31 January 2024
Kartel Prime Ltd is a private company, limited by shares, registered in England and Wales, registration number 13852594. The registered office is 1 Monks Drive, London, London, W3 0EG, England.
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.
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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Amounts falling due within one year
Other debtors
205,010
200,042
5
Investments held as current assets
2024
2023
Unlisted investments
571
571
Kartel Prime Ltd
Notes to the Accounts
for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
3,690
-
Other creditors
2,981
4,771
Loans from directors
482
-
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).