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REGISTERED NUMBER: 05421602 (England and Wales)


Financial Statements for the Year Ended 30 April 2024

for

Krishna Stores Limited

Krishna Stores Limited (Registered number: 05421602)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Krishna Stores Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr Piyush Patel
Mrs Bhavanaben Patel





SECRETARY: Mr Piyush Patel





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
West Midlands
CV6 4AD





REGISTERED NUMBER: 05421602 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Krishna Stores Limited (Registered number: 05421602)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 40,358 40,358
Property, plant and equipment 5 12,897 1,903
53,255 42,261

CURRENT ASSETS
Inventories 84,837 63,702
Debtors 6 54,428 1,073
Cash at bank and in hand 21,462 6,851
160,727 71,626
CREDITORS
Amounts falling due within one year 7 128,649 75,843
NET CURRENT ASSETS/(LIABILITIES) 32,078 (4,217 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,333

38,044

CREDITORS
Amounts falling due after more than one
year

8

51,391

33,145
NET ASSETS 33,942 4,899

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 33,940 4,897
SHAREHOLDERS' FUNDS 33,942 4,899

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Krishna Stores Limited (Registered number: 05421602)

Statement of Financial Position - continued
30 April 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 23 November 2024 and were signed on its behalf by:





Mr Piyush Patel - Director


Krishna Stores Limited (Registered number: 05421602)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Krishna Stores 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.

Turnover
Turnover represents net sales value of goods, excluding value added tax.

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 etc - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 40,358
NET BOOK VALUE
At 30 April 2024 40,358
At 30 April 2023 40,358

Krishna Stores Limited (Registered number: 05421602)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 May 2023 12,726
Additions 15,293
At 30 April 2024 28,019
DEPRECIATION
At 1 May 2023 10,823
Charge for year 4,299
At 30 April 2024 15,122
NET BOOK VALUE
At 30 April 2024 12,897
At 30 April 2023 1,903

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 49,496 -
Other debtors 4,932 1,073
54,428 1,073

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 24,411 -
Trade creditors 53,373 54,254
Taxation and social security 20,841 5,270
Other creditors 30,024 16,319
128,649 75,843

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 51,391 33,145

Krishna Stores Limited (Registered number: 05421602)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
2 Ordinary £1 2 2

10. RELATED PARTY DISCLOSURES

During the year, the Company has paid rent of £9,000 (2022:£9,000) in respect of use of business property owned by the directors.