Registered number
SC470075
KAPURTHALA LTD
Filleted Accounts
30 April 2024
KAPURTHALA LTD
Registered number: SC470075
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 18,367 20,407
Current assets
Stocks 69,737 83,459
Debtors 4 - 2,178
Cash at bank and in hand 115,971 104,533
185,708 190,170
Creditors: amounts falling due within one year 5 (33,205) (24,785)
Net current assets 152,503 165,385
Total assets less current liabilities 170,870 185,792
Creditors: amounts falling due after more than one year 6 (35,294) (69,847)
Net assets 135,576 115,945
Capital and reserves
Called up share capital 100 100
Profit and loss account 135,476 115,845
Shareholders' funds 135,576 115,945
The director is 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 director acknowledges his 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.
Mr Sarbjit Singh Padda
Director
Approved by the board on 13 January 2025
KAPURTHALA LTD
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicle 10% reducing balances
Fixtures, fittings, tools and equipment 10% reducing balances
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period..
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 6
3 Tangible fixed assets
Fixture & fittings Motor vehicle Total
£ £ £
Cost
At 1 May 2023 12,324 21,267 33,591
At 30 April 2024 12,324 21,267 33,591
Depreciation
At 1 May 2023 7,420 5,764 13,184
Charge for the year 490 1,550 2,040
At 30 April 2024 7,910 7,314 15,224
Net book value
At 30 April 2024 4,414 13,953 18,367
At 30 April 2023 4,904 15,503 20,407
4 Debtors 2024 2023
£ £
Other debtors - 2,178
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 5,866 6,620
Taxation and social security costs 4,415 5,303
Other creditors 22,924 12,862
33,205 24,785
6 Creditors: amounts falling due after one year 2024 2023
£ £
Hire purchase contracts 4,427 4,427
Bounce back loan 10,015 27,366
Director's loan account 20,852 38,054
35,294 69,847
KAPURTHALA LTD SC470075 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts July 2024 Mr Sarbjit Singh Padda No description of principal activity SC470075 2022-05-01 2023-04-30 SC470075 core:WithinOneYear 2023-04-30 SC470075 core:AfterOneYear 2023-04-30 SC470075 core:ShareCapital 2023-04-30 SC470075 core:RetainedEarningsAccumulatedLosses 2023-04-30 SC470075 2023-05-01 2024-04-30 SC470075 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC470075 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 SC470075 bus:Director40 2023-05-01 2024-04-30 SC470075 1 2023-05-01 2024-04-30 SC470075 2 2023-05-01 2024-04-30 SC470075 core:PlantMachinery 2023-05-01 2024-04-30 SC470075 core:Vehicles 2023-05-01 2024-04-30 SC470075 bus:FRS102 2023-05-01 2024-04-30 SC470075 bus:FilletedAccounts 2023-05-01 2024-04-30 SC470075 2024-04-30 SC470075 core:WithinOneYear 2024-04-30 SC470075 core:AfterOneYear 2024-04-30 SC470075 core:ShareCapital 2024-04-30 SC470075 core:RetainedEarningsAccumulatedLosses 2024-04-30 SC470075 core:PlantMachinery 2024-04-30 SC470075 core:Vehicles 2024-04-30 SC470075 2023-04-30 SC470075 core:PlantMachinery 2023-04-30 SC470075 core:Vehicles 2023-04-30 iso4217:GBP xbrli:pure