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REGISTERED NUMBER: 13426338 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

KARS COASTAL LIMITED

KARS COASTAL LIMITED (Registered number: 13426338)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KARS COASTAL LIMITED

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mrs K Payne
A D Payne





SECRETARY:





REGISTERED OFFICE: 270a Newbold Road
Chesterfield
Derbyshire
S41 7AJ





REGISTERED NUMBER: 13426338 (England and Wales)





ACCOUNTANTS: Phillips, Cross & Co Limited
15 Valley Road
Simmondley
Glossop
Derbyshire
SK13 6YN

KARS COASTAL LIMITED (Registered number: 13426338)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 405,540 407,631

CURRENT ASSETS
Debtors 5 1,934 100
Cash at bank 3,237 2,377
5,171 2,477
CREDITORS
Amounts falling due within one year 6 426,190 431,319
NET CURRENT LIABILITIES (421,019 ) (428,842 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(15,479

)

(21,211

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (15,579 ) (21,311 )
SHAREHOLDERS' FUNDS (15,479 ) (21,211 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

KARS COASTAL LIMITED (Registered number: 13426338)

Balance Sheet - continued
31 May 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by:





Mrs K Payne - Director


KARS COASTAL LIMITED (Registered number: 13426338)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

KARS COASTAL 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

KARS COASTAL LIMITED (Registered number: 13426338)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 399,265 14,873 414,138
DEPRECIATION
At 1 June 2023 - 6,507 6,507
Charge for year - 2,091 2,091
At 31 May 2024 - 8,598 8,598
NET BOOK VALUE
At 31 May 2024 399,265 6,275 405,540
At 31 May 2023 399,265 8,366 407,631

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 1,934 100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 1 1
Other creditors 426,189 431,318
426,190 431,319