1 July 2023 false No description of principal activity Taxfiler 2024.6 14152047business:PrivateLimitedCompanyLtd2023-07-012024-06-30 141520472023-06-30 141520472023-07-012024-06-30 14152047business:AuditExempt-NoAccountantsReport2023-07-012024-06-30 14152047business:FilletedAccounts2023-07-012024-06-30 141520472024-06-30 14152047business:Director12023-07-012024-06-30 14152047business:RegisteredOffice2023-07-012024-06-30 141520472023-06-30 14152047core:WithinOneYear2024-06-30 14152047core:WithinOneYear2023-06-30 14152047core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 14152047core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 14152047core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 14152047core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 14152047core:PreviouslyStatedAmount2024-06-30 14152047core:PreviouslyStatedAmount2023-06-30 14152047business:SmallEntities2023-07-012024-06-30 14152047countries:EnglandWales2023-07-012024-06-30 14152047core:MotorVehicles2023-07-012024-06-30 14152047core:FurnitureFittings2023-07-012024-06-30 14152047core:LandBuildings2023-06-30 14152047core:MotorVehicles2023-06-30 14152047core:FurnitureFittings2023-06-30 14152047core:LandBuildings2023-07-012024-06-30 14152047core:LandBuildings2024-06-30 14152047core:MotorVehicles2024-06-30 14152047core:FurnitureFittings2024-06-30 141520472022-06-062023-06-30 iso4217:GBP xbrli:pure
Company Registration No. 14152047 (England and Wales)
Karvel Ltd Unaudited accounts for the year ended 30 June 2024
Karvel Ltd Unaudited accounts Contents
Page
- 2 -
Karvel Ltd Company Information for the year ended 30 June 2024
Director
C. Pankhania
Company Number
14152047 (England and Wales)
Registered Office
61 ALBERT STREET RUGBY CV21 2SN ENGLAND
Accountants
Express Accounts 61 Albert Street Rugby CV21 2SN
- 3 -
Karvel Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
429,885 
32,438 
Current assets
Inventories
6,320 
8,177 
Cash at bank and in hand
17,742 
23,251 
24,062 
31,428 
Creditors: amounts falling due within one year
(459,376)
(63,384)
Net current liabilities
(435,314)
(31,956)
Net (liabilities)/assets
(5,429)
482 
Capital and reserves
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
- 4 -
Karvel Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Motor vehicles
25%
Fixtures & fittings
15%
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 
Depreciation
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 
Net book value
At 30 June 2024
402,500 
1,406 
25,979 
429,885 
At 30 June 2023
- 
1,875 
30,563 
32,438 
- 5 -
Karvel Ltd Notes to the Accounts for the year ended 30 June 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
6,198 
5,617 
Trade creditors
11,065 
12,242 
Loans from directors
442,113 
45,525 
459,376 
63,384 
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 6 -