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Company Registration No. 14137044 (England and Wales)
KRISH STORES LTD Unaudited accounts for the year ended 31 May 2024
KRISH STORES LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
KRISH STORES LTD Company Information for the year ended 31 May 2024
Director
Bhavesh Chauhan
Company Number
14137044 (England and Wales)
Registered Office
1A THE TERRACE SPILSBY PE23 5JR ENGLAND
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KRISH STORES LTD Statement of financial position as at 31 May 2024
2024
2023
Notes
£
£
Fixed assets
Intangible assets
4
275,000
-
Tangible assets
5
48,000
-
323,000
-
Current assets
Inventories
90,000
-
Debtors
6
26,074
-
Cash at bank and in hand
12,390
3
128,464
3
Creditors: amounts falling due within one year
7
(16,211)
-
Net current assets
112,253
3
Total assets less current liabilities
435,253
3
Creditors: amounts falling due after more than one year
8
(372,242)
-
Net assets
63,011
3
Capital and reserves
Share premium
3
3
Profit and loss account
63,008
-
Shareholders' funds
63,011
3
For the year ending 31 May 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 16 May 2025 and were signed on its behalf by
Bhavesh Chauhan Director Company Registration No. 14137044
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KRISH STORES LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
KRISH STORES LTD is a private company, limited by shares, registered in England and Wales, registration number 14137044. The registered office is 1A THE TERRACE, SPILSBY, PE23 5JR, 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 rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 June 2023
-
Additions
275,000
At 31 May 2024
275,000
Amortisation
At 1 June 2023
-
At 31 May 2024
-
Net book value
At 31 May 2024
275,000
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KRISH STORES LTD Notes to the Accounts for the year ended 31 May 2024
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
-
-
-
-
Additions
15,000
25,000
8,000
48,000
At 31 May 2024
15,000
25,000
8,000
48,000
Depreciation
At 31 May 2024
-
-
-
-
Net book value
At 31 May 2024
15,000
25,000
8,000
48,000
6
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
17,237
-
Accrued income and prepayments
8,837
-
26,074
-
7
Creditors: amounts falling due within one year
2024
2023
£
£
VAT
864
-
Trade creditors
11,827
-
Taxes and social security
3,520
-
16,211
-
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
265,651
-
Trade creditors
1,591
-
Other creditors
5,000
-
Loans from directors
100,000
-
372,242
-
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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