| Registered number |
| Prepared by: |
| FLINTHAM MACKENZIE LIMITED |
| Chartered Accountants |
| 277-279 Chiswick High Road |
| London |
| W4 4PU |
| Registered number: | |||||||
| Balance Sheet | |||||||
| as at |
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| Notes | 2024 | 2023 | |||||
| £ | £ | ||||||
| Fixed assets | |||||||
| Tangible assets | 3 | ||||||
| Current assets | |||||||
| Stocks | |||||||
| Debtors | 4 | ||||||
| Cash at bank and in hand | |||||||
| Creditors: amounts falling due within one year | 5 | ( |
( |
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| Net current assets | |||||||
| Total assets less current liabilities | |||||||
| Creditors: amounts falling due after more than one year | 6 | ( |
( |
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| Net assets | |||||||
| Capital and reserves | |||||||
| Called up share capital | |||||||
| Profit and loss account | |||||||
| Shareholders' funds | |||||||
| Bijan Alexander Kamali | |||||||
| Director | |||||||
| Approved by the board on |
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| Notes to the Accounts | ||||||||
| for the period from 30 June 2023 to |
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| 1 | Accounting policies | |||||||
| Basis of preparation | ||||||||
| Turnover | ||||||||
The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities. |
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| Tangible fixed assets | ||||||||
| Short leasehold | 20% on cost | |||||||
| Vehicles | over 5 years | |||||||
| Plant and machinery | 17.5% reducing balance | |||||||
| Fixtures, fittings, tools and equipment | over 5 years | |||||||
| Cash and cash equivalents | ||||||||
| Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. | ||||||||
| Stocks | ||||||||
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss. |
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| Debtors | ||||||||
| Creditors | ||||||||
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. |
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| Taxation | ||||||||
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income. |
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| Borrowings | ||||||||
| Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. |
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| Share capital | ||||||||
| Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. | ||||||||
| 2 | Employees | 2024 | 2023 | |||||
| Number | Number | |||||||
| Average number of persons employed by the company | ||||||||
| 3 | Tangible fixed assets | |||||||
| Land and buildings | Plant and machinery etc | Motor vehicles | Total | |||||
| £ | £ | £ | £ | |||||
| Cost | ||||||||
| At 30 June 2023 | ||||||||
| Additions | - | - | ||||||
| At 27 June 2024 | ||||||||
| Depreciation | ||||||||
| At 30 June 2023 | ||||||||
| Charge for the period | ||||||||
| At 27 June 2024 | ||||||||
| Net book value | ||||||||
| At 27 June 2024 | - | |||||||
| At 29 June 2023 | ||||||||
| 4 | Debtors | 2024 | 2023 | |||||
| £ | £ | |||||||
| Prepayments | - | 5,000 | ||||||
| Trade debtors | ||||||||
| Other debtors | ||||||||
| 5 | Creditors: amounts falling due within one year | 2024 | 2023 | |||||
| £ | £ | |||||||
| Accruals | 13,190 | 9,890 | ||||||
| Trade creditors | ||||||||
| Taxation and social security costs | ||||||||
| Other creditors | ||||||||
| 6 | Creditors: amounts falling due after one year | 2024 | 2023 | |||||
| £ | £ | |||||||
| Bank loans | ||||||||
| Other creditors | ||||||||
| 7 | Other information | |||||||
| KTV LIMITED is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
| 277-279 Chiswick High Road | ||||||||
| London | ||||||||
| W4 4PU | ||||||||