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REGISTERED NUMBER: 10119881 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

KLAIRE CARRIERS LTD

KLAIRE CARRIERS LTD (Registered number: 10119881)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KLAIRE CARRIERS LTD

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr Arvinder Atwal





REGISTERED OFFICE: Unit 13 Webner Industrial Estate
Ettingshall Road
Wolverhampton
West Midlands
WV2 2LD





REGISTERED NUMBER: 10119881 (England and Wales)






KLAIRE CARRIERS LTD (Registered number: 10119881)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 245,049 251,308

CURRENT ASSETS
Debtors 5 138,530 100,428
Cash at bank and in hand 186,517 271,085
325,047 371,513
CREDITORS
Amounts falling due within one year 6 294,129 354,276
NET CURRENT ASSETS 30,918 17,237
TOTAL ASSETS LESS CURRENT
LIABILITIES

275,967

268,545

CREDITORS
Amounts falling due after more than one year 7 - 54,144
NET ASSETS 275,967 214,401

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 275,867 214,301
SHAREHOLDERS' FUNDS 275,967 214,401

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

KLAIRE CARRIERS LTD (Registered number: 10119881)

Balance Sheet - continued
31 March 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 director and authorised for issue on 9 December 2024 and were signed by:





Mr Arvinder Atwal - Director


KLAIRE CARRIERS LTD (Registered number: 10119881)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

KLAIRE CARRIERS LTD 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

Taxation
Taxation for the year 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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2023 - 26 ) .

KLAIRE CARRIERS LTD (Registered number: 10119881)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 260,040 54,086 3,803 317,929
Additions 49,533 441 11,822 61,796
Disposals (22,500 ) - - (22,500 )
At 31 March 2024 287,073 54,527 15,625 357,225
DEPRECIATION
At 1 April 2023 54,164 11,829 628 66,621
Charge for year 40,875 8,893 2,647 52,415
Eliminated on disposal (6,860 ) - - (6,860 )
At 31 March 2024 88,179 20,722 3,275 112,176
NET BOOK VALUE
At 31 March 2024 198,894 33,805 12,350 245,049
At 31 March 2023 205,876 42,257 3,175 251,308

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 138,530 100,428

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other loans 36,180 42,483
Trade creditors 49,807 71,770
Tax 18,453 23,991
Social security and other taxes 21,585 16,816
Net wages 57,103 39,501
VAT 39,166 53,257
Directors' current accounts 67,779 100,911
Accrued expenses 4,056 5,547
294,129 354,276

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts - 54,144

KLAIRE CARRIERS LTD (Registered number: 10119881)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2023 214,301
Profit for the year 76,566
Dividends (15,000 )
At 31 March 2024 275,867