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REGISTERED NUMBER: 07648424 (England and Wales)














Unaudited Financial Statements

for the Period

31st March 2023 to 31st March 2024

for

KARHEL LIMITED

KARHEL LIMITED (REGISTERED NUMBER: 07648424)






Contents of the Financial Statements
for the Period 31st March 2023 to 31st March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


KARHEL LIMITED

Company Information
for the Period 31st March 2023 to 31st March 2024







DIRECTORS: K M Gordon FCCA
H E Gordon





REGISTERED OFFICE: 85 Abbey Road
Darlington
Co. Durham
DL3 8ND





REGISTERED NUMBER: 07648424 (England and Wales)





ACCOUNTANTS: Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH

KARHEL LIMITED (REGISTERED NUMBER: 07648424)

Abridged Balance Sheet
31st March 2024

31/3/24 30/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 24,255 25,766
Investments 6 225 225
24,480 25,991

CURRENT ASSETS
Debtors 151,058 141,202
Cash at bank and in hand 32,411 42,912
183,469 184,114
CREDITORS
Amounts falling due within one year 20,676 12,610
NET CURRENT ASSETS 162,793 171,504
TOTAL ASSETS LESS CURRENT
LIABILITIES

187,273

197,495

CREDITORS
Amounts falling due after more than one
year

7

(26,341

)

(29,335

)

PROVISIONS FOR LIABILITIES (222 ) (278 )
NET ASSETS 160,710 167,882

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 160,610 167,782
SHAREHOLDERS' FUNDS 160,710 167,882

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 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.

KARHEL LIMITED (REGISTERED NUMBER: 07648424)

Abridged Balance Sheet - continued
31st March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31st March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 28th November 2024 and were signed on its behalf by:




K M Gordon FCCA - Director



H E Gordon - Director


KARHEL LIMITED (REGISTERED NUMBER: 07648424)

Notes to the Financial Statements
for the Period 31st March 2023 to 31st March 2024

1. STATUTORY INFORMATION

Karhel 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared under the going concern basis of accounting.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

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 - 20% on reducing balance and 5% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

KARHEL LIMITED (REGISTERED NUMBER: 07648424)

Notes to the Financial Statements - continued
for the Period 31st March 2023 to 31st March 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 31st March 2023
and 31st March 2024 373,441
AMORTISATION
At 31st March 2023
and 31st March 2024 373,441
NET BOOK VALUE

At 31st March 2024 -
At 30th March 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 31st March 2023
and 31st March 2024 31,697
DEPRECIATION
At 31st March 2023 5,931
Charge for period 1,511
At 31st March 2024 7,442
NET BOOK VALUE
At 31st March 2024 24,255
At 30th March 2023 25,766

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 31st March 2023
and 31st March 2024 225
NET BOOK VALUE
At 31st March 2024 225
At 30th March 2023 225

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31/3/24 30/3/23
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 11,759 16,588