Company Registration No. 09230847 (England and Wales)
KARS (UK) LIMITED
Unaudited accounts
for the year ended 31 August 2024
KARS (UK) LIMITED
Unaudited accounts
Contents
KARS (UK) LIMITED
Company Information
for the year ended 31 August 2024
Directors
Kristian TAYLOR
Kristian Taylor
Company Number
09230847 (England and Wales)
Registered Office
5 SHERWIN ROAD
STAPLEFORD
NOTTINGHAM
NG9 8PP
Accountants
Cramar Ltd
Suite 8, Stapleford Business Hub
1 Toton Lane
Stapleford
Nottingham
NG9 7JQ
KARS (UK) LIMITED
Statement of financial position
as at 31 August 2024
Tangible assets
9,456
4,423
Cash at bank and in hand
11,250
40,786
Creditors: amounts falling due within one year
(67,973)
(22,078)
Net current assets
71,841
26,047
Total assets less current liabilities
81,297
30,470
Creditors: amounts falling due after more than one year
(35,524)
-
Called up share capital
1
1
Profit and loss account
45,772
30,469
Shareholders' funds
45,773
30,470
For the year ending 31 August 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 directors acknowledge their 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 of Directors and authorised for issue on 4 December 2024 and were signed on its behalf by
Kristian TAYLOR
Director
Company Registration No. 09230847
KARS (UK) LIMITED
Notes to the Accounts
for the year ended 31 August 2024
KARS (UK) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09230847. The registered office is 5 SHERWIN ROAD, STAPLEFORD, NOTTINGHAM, NG9 8PP.
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 rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
18% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
801
7,000
1,041
8,842
Additions
3,389
-
1,644
5,033
At 31 August 2024
4,190
7,000
2,685
13,875
At 1 September 2023
223
3,988
208
4,419
At 31 August 2024
223
3,988
208
4,419
At 31 August 2024
3,967
3,012
2,477
9,456
At 31 August 2023
578
3,012
833
4,423
KARS (UK) LIMITED
Notes to the Accounts
for the year ended 31 August 2024
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
2,776
1,958
Other creditors
63,365
15,757
6
Creditors: amounts falling due after more than one year
2024
2023
7
Average number of employees
During the year the average number of employees was 1 (2023: 0).