Registered number
13603179
KAR-LA OFF LICENCE LIMITED
Filleted Accounts
30 September 2024
KAR-LA OFF LICENCE LIMITED
Registered number: 13603179
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 6,498 1,456
Current assets
Stocks 41,760 17,560
Cash at bank and in hand 2,775 11,792
44,535 29,352
Creditors: amounts falling due within one year 4 (48,832) (30,335)
Net current liabilities (4,297) (983)
Net assets 2,201 473
Capital and reserves
Profit and loss account 2,201 473
Shareholder's funds 2,201 473
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Ozkan Kaya
Director
Approved by the board on 5 June 2025
KAR-LA OFF LICENCE LIMITED
Notes to the Accounts
for the year ended 30 September 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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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 and subsequently measured at amortised cost determined using the effective interest method.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 2,275
Additions 6,667
At 30 September 2024 8,942
Depreciation
At 1 October 2023 819
Charge for the year 1,625
At 30 September 2024 2,444
Net book value
At 30 September 2024 6,498
At 30 September 2023 1,456
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,348 4,518
Taxation and social security costs 5,280 6,940
Other creditors 40,204 18,877
48,832 30,335
5 Other information
KAR-LA OFF LICENCE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
17 Mansfield Road
Nottingham
Nottinghamshire
UK
NG1 3FB
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