Registered number
08991100
KULLAR LICENCE (UK) LTD
Filleted Accounts
30 April 2024
KULLAR LICENCE (UK) LTD
Registered number: 08991100
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 355,117 355,117
Current assets
Debtors 4 163,422 163,422
Cash at bank and in hand 13,455 14,963
176,877 178,385
Creditors: amounts falling due within one year 5 (110,734) (114,953)
Net current assets 66,143 63,432
Total assets less current liabilities 421,260 418,549
Creditors: amounts falling due after more than one year 6 (357,072) (348,449)
Net assets 64,188 70,100
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 63,188 69,100
Shareholders' funds 64,188 70,100
The directors are 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 directors acknowledge their 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.
J S Kullar
Director
Approved by the board on 16 May 2025
KULLAR LICENCE (UK) 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.
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 1 1
3 Tangible fixed assets
Investment property
£
Cost
At 1 May 2023 355,117
At 30 April 2024 355,117
Depreciation
At 1 May 2023
At 30 April 2024 -
Net book value
At 30 April 2024 355,117
At 30 April 2023 355,117
4 Debtors 2024 2023
£ £
Trade debtors 163,422 163,422
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loan (secured) 2,900 2,704
Trade creditors 92,320 90,405
Accrued expenses 2,266 4,010
Corporation tax 9,136 13,722
Other creditors 4,112 4,112
110,734 114,953
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loan (secured) 213,071 215,838
Other creditors 144,001 132,611
357,072 348,449
7 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 201,470 205,021
Secured bank loan 215,972 218,542
The bank loan is secured by a charge over the investment property owned by the company.
8 Other information
KULLAR LICENCE (UK) LTD is a private company limited by shares and incorporated in England. Its registered office is:
128A Evington Road
Leicester
LE2 1HL
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