Registered Number:05299241 |
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
For the year ended 30 April 2024
Kerol Trading Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Kerol Trading Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
11,171
51,551
2
11,171
51,551
39,154
42,181
3
Trade and other receivables |
7,392
16,499
4
311,917
Cash and cash equivalents |
172,544
231,224
358,463
Trade and other payables: amounts falling due within one year |
(68,669)
(91,049)
5
289,794
140,175
Net current assets
Total assets less current liabilities |
151,346
341,345
Trade and other payables: amounts falling due after more than |
one year |
(33,150)
-
6
(2,961)
(13,661)
Provisions for liabilities |
148,385
Net assets
294,534
2
2
148,383
294,532
148,385
294,534
Shareholders' funds
For the year ended 30 April 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 of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges her responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 30 April 2024
Kerol Trading Ltd
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 03 December 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 April 2024
Kerol Trading Ltd
Notes to the Financial Statements
Statutory Information
Kerol Trading Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number |
05299241. |
Lymedale Business Centre, Hooters Hall Road
Lymedale Business Park
Newcastle Under Lyme
Staffordshire
ST5 9QF
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting |
Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. |
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain |
assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
Motor Vehicles
Furniture and Fittings
Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
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For the year ended 30 April 2024
Kerol Trading Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor Vehicles
111,828
15,209
16,844
74,755
5,020
2,543
2,543
-
-
-
-
-
(74,755)
-
(74,755)
-
16,844
17,752
39,616
5,020
Provision for depreciation and impairment |
60,277
9,099
12,060
36,481
2,637
Charge for year
4,649
2,856
1,197
-
596
(36,481)
-
-
(36,481)
-
28,445
11,955
13,257
-
3,233
1,787
-
3,587
5,797
11,171
2,383
38,274
4,784
6,110
51,551
2023
2024
42,181
39,154
4. Trade and other receivables |
2023
2024
15,677
374
822
7,018
7,392
16,499
5. Trade and other payables: amounts falling due within one year |
2023
2024
65,506
32,492
Taxation and social security |
21,972
15,469
3,571
20,708
91,049
68,669
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For the year ended 30 April 2024
Kerol Trading Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year |
2023
2024
-
33,150
7. Average number of persons employed |
During the year the average number of employees was 6 (2023 : 6)
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