Registered number
07954656
Kathryn Virji Limited
Filleted Accounts
28 February 2024
Kathryn Virji Limited
Registered number: 07954656
Balance Sheet
as at 28 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,949 4,784
Current assets
Debtors 4 43,216 25,755
Cash at bank and in hand 1,129 28,343
44,345 54,098
Creditors: amounts falling due within one year 5 (41,268) (39,386)
Net current assets 3,077 14,712
Total assets less current liabilities 7,026 19,496
Creditors: amounts falling due after more than one year 6 (6,946) (22,983)
Provisions for liabilities (348) (385)
Net liabilities (268) (3,872)
Capital and reserves
Called up share capital 7 100 100
Profit and loss account (368) (3,972)
Shareholders' funds (268) (3,872)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K Virji
Director
Approved by the board on 29 November 2024
Kathryn Virji Limited
Notes to the Accounts
for the year ended 28 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared in accordance with Financial Reporting Standard 102 (FRS102) and the Companies Act 2006 (as applicable to companies subject to the small company regime).

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and associated costs. When the outcome of a contract for services can be estimated reliably 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. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings over 10 years
Plant and machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Going concern
The major part of the company's working capital requirements are provided by bank borrowings as detailed in the creditors notes. The directors do not consider that the bank borrowings will be withdrawn and therefore continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 March 2023 6,360 17,236 23,596
Additions - 370 370
At 28 February 2024 6,360 17,606 23,966
Depreciation
At 1 March 2023 3,604 15,208 18,812
Charge for the year 636 569 1,205
At 28 February 2024 4,240 15,777 20,017
Net book value
At 28 February 2024 2,120 1,829 3,949
At 28 February 2023 2,756 2,028 4,784
4 Debtors 2024 2023
£ £
Other debtors 43,216 25,755
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 16,037 20,187
Trade creditors 2,871 105
Taxation and social security costs 16,288 17,291
Other creditors 6,072 1,803
41,268 39,386
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 6,946 22,983
7 Share capital Nominal 2024 2024 2023
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
K Virji and C Langton
Interest on amounts due were charged in the year of £913 17,106 39,678 (24,224) 32,560
17,106 39,678 (24,224) 32,560
9 Other information
Kathryn Virji Limited is a private company limited by shares and incorporated in England. Its registered office is:
Kiln Cottage
Pottery Lane
Wrecclesham
Farnham
GU10 4QJ
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