REGISTERED NUMBER: 06225864 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2024

for

KARIOS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M Karios

O Karios

Y Karios

REGISTERED OFFICE:

573 Chester Road

Sutton Coldfield

West Midlands

B735HU

REGISTERED NUMBER:

06225864 (England and Wales)

ACCOUNTANTS:

A K Papadamou & Co

Accountants & Tax Advisors

573 Chester Road

Sutton Coldfield

West Midlands

B73 5HU

BANKERS:

Natwest PLC

Ashford Kent Branch

20 High Street

Ashford

Kent

T24 8SH

FIXED ASSETS

Intangible assets

4

37,403

49,778

Tangible assets

5

86,972

87,759

124,375

137,537

CURRENT ASSETS

Stocks

6,669

6,897

Debtors

6

245,015

173,005

Cash at bank and in hand

2,850

20,679

254,534

200,581

CREDITORS

Amounts falling due within one year

7

113,699

117,898

NET CURRENT ASSETS

140,835

82,683

TOTAL ASSETS LESS CURRENT LIABILITIES

265,210

220,220

CREDITORS

Amounts falling due after more than one year

8

265,110

220,064

NET ASSETS

100

156

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

-

56

SHAREHOLDERS' FUNDS

100

156

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2025 and were signed on its behalf by:

Y Karios - Director

1.	STATUTORY INFORMATION

Karios Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 30 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2023

and 30 April 2024

247,504

AMORTISATION

At 1 May 2023

197,726

Amortisation for year

12,375

At 30 April 2024

210,101

NET BOOK VALUE

At 30 April 2024

37,403

At 30 April 2023

49,778

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Short

to

and

leasehold

property

fittings

Totals

£

£

£

£

COST

At 1 May 2023

1

57,304

144,043

201,348

Additions

-

-

4,448

4,448

At 30 April 2024

1

57,304

148,491

205,796

DEPRECIATION

At 1 May 2023

-

-

113,589

113,589

Charge for year

-

-

5,235

5,235

At 30 April 2024

-

-

118,824

118,824

NET BOOK VALUE

At 30 April 2024

1

57,304

29,667

86,972

At 30 April 2023

1

57,304

30,454

87,759

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

245,015

173,005

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

17,893

29,512

Trade creditors

46,244

53,509

Taxation and social security

47,390

27,551

Other creditors

2,172

7,326

113,699

117,898

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

265,110

220,064

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

195,895

102,015

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdraft

4,050

-

Bank loans

278,953

249,576

283,003

249,576

The company's bank loans and overdraft facility are secured by a fixed and floating charge over all company assets dated 6 November 2007, and by a legal charge over the company's leasehold property situated at 59/61 Faversham Road. Ashford, Kent dated 20 February 2008.

10.	ULTIMATE CONTROLLING PARTY

The company is under the direct control of Mr. Y Karios, Mr O Karios and Mrs M Karios, company directors.