Company Registration No. 14152047 (England and Wales)
Karvel Ltd
Unaudited accounts
for the year ended 30 June 2024
Karvel Ltd
Unaudited accounts
Contents
Karvel Ltd
Company Information
for the year ended 30 June 2024
Company Number
14152047 (England and Wales)
Registered Office
61 ALBERT STREET
RUGBY
CV21 2SN
ENGLAND
Accountants
Express Accounts
61 Albert Street
Rugby
CV21 2SN
Karvel Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
429,885
32,438
Cash at bank and in hand
17,742
23,251
Creditors: amounts falling due within one year
(459,376)
(63,384)
Net current liabilities
(435,314)
(31,956)
Net (liabilities)/assets
(5,429)
482
Called up share capital
100
100
Profit and loss account
(5,529)
382
Shareholders' funds
(5,429)
482
For the year ending 30 June 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 March 2025 and were signed on its behalf by
C. Pankhania
Director
Company Registration No. 14152047
Karvel Ltd
Notes to the Accounts
for the year ended 30 June 2024
Karvel Ltd is a private company, limited by shares, registered in England and Wales, registration number 14152047. The registered office is 61 ALBERT STREET, RUGBY, CV21 2SN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following reducing balance rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2023
-
2,500
35,957
38,457
Additions
402,500
-
-
402,500
At 30 June 2024
402,500
2,500
35,957
440,957
At 1 July 2023
-
625
5,394
6,019
Charge for the year
-
469
4,584
5,053
At 30 June 2024
-
1,094
9,978
11,072
At 30 June 2024
402,500
1,406
25,979
429,885
At 30 June 2023
-
1,875
30,563
32,438
Karvel Ltd
Notes to the Accounts
for the year ended 30 June 2024
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
11,065
12,242
Loans from directors
442,113
45,525
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).