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Company Registration No. 05204032 (England and Wales)
Karparts Cheltenham Limited Unaudited accounts for the year ended 31 March 2024
Karparts Cheltenham Limited Unaudited accounts Contents
Page
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Karparts Cheltenham Limited Company Information for the year ended 31 March 2024
Director
Mukesh Patel
Secretary
Mrs A M Patel
Company Number
05204032 (England and Wales)
Registered Office
70 Tennyson Road St Marks Cheltenham Gloucestershire GL51 7DB
Accountants
Louise Newman and co Ltd 2 Bath Mews Bath Parade Cheltenham Gloucestershire GL53 7HL
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Karparts Cheltenham Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
30,000 
30,000 
Cash at bank and in hand
49,150 
44,163 
79,150 
74,163 
Creditors: amounts falling due within one year
(27,055)
(22,298)
Net current assets
52,095 
51,865 
Net assets
52,095 
51,865 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
52,093 
51,863 
Shareholders' funds
52,095 
51,865 
For the year ending 31 March 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 27 November 2024 and were signed on its behalf by
Mukesh Patel Director Company Registration No. 05204032
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Karparts Cheltenham Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Karparts Cheltenham Limited is a private company, limited by shares, registered in England and Wales, registration number 05204032. The registered office is 70 Tennyson Road , St Marks, Cheltenham, Gloucestershire, GL51 7DB.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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. T
Inventories
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.
Deferred taxation
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.
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,783 
2,279 
Trade creditors
5,376 
9,352 
Taxes and social security
8,733 
7,917 
Loans from directors
9,513 
1,175 
Accruals
1,650 
1,575 
27,055 
22,298 
5
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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