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REGISTERED NUMBER: 08016945 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Korabi Construction Ltd

Korabi Construction Ltd (Registered number: 08016945)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Korabi Construction Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: B Baloshi





REGISTERED OFFICE: 49 Eric Road
Romford
Essex
RM6 6JH





REGISTERED NUMBER: 08016945 (England and Wales)





ACCOUNTANTS: Ortenz & Co Ltd
354 High Street North
London
E12 6PH

Korabi Construction Ltd (Registered number: 08016945)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 10,094

CURRENT ASSETS
Debtors 5 115,093 95,539
Cash at bank and in hand 14,410 16,784
129,503 112,323
CREDITORS
Amounts falling due within one year 6 23,529 1,956
NET CURRENT ASSETS 105,974 110,367
TOTAL ASSETS LESS CURRENT
LIABILITIES

105,974

120,461

CREDITORS
Amounts falling due after more than one
year

7

23,945

44,513
NET ASSETS 82,029 75,948

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 81,929 75,848
SHAREHOLDERS' FUNDS 82,029 75,948

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

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 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.

Korabi Construction Ltd (Registered number: 08016945)

Balance Sheet - continued
30 April 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 3 June 2024 and were signed by:





B Baloshi - Director


Korabi Construction Ltd (Registered number: 08016945)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Korabi Construction 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 represents net invoiced sales of services, excluding value added tax.

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 - 25% on cost

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.

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 74,209
DEPRECIATION
At 1 May 2023 64,115
Charge for year 10,094
At 30 April 2024 74,209
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 10,094

Korabi Construction Ltd (Registered number: 08016945)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS
30.4.24 30.4.23
£    £   
Amounts falling due within one year:
Other debtors 102,589 83,035

Amounts falling due after more than one year:
Other debtors 12,504 12,504

Aggregate amounts 115,093 95,539

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 1 (1 )
Taxation and social security 21,623 (2,903 )
Other creditors 1,905 4,860
23,529 1,956

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 23,884 34,697
Hire purchase contracts 61 9,816
23,945 44,513

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
B Baloshi
Balance outstanding at start of year 77,050 84,500
Amounts advanced 58,400 -
Amounts repaid - (7,450 )
Amounts written off (40,000 ) -
Amounts waived - -
Balance outstanding at end of year 95,450 77,050