REGISTERED NUMBER: 12434437 (England and Wales)

Financial Statements for the Year Ended 28 February 2025

for

Kuvars Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

O Ciftci

REGISTERED OFFICE:

115 Crossbrook Street

Enfield

EN8 8LY

REGISTERED NUMBER:

12434437 (England and Wales)

ACCOUNTANTS:

Hasan Y Musalar

International Accountant &Tax Consultant

FAIA, FFA, FIPA,,FFTA

536 Lordship Lane

London

N22 5BY

FIXED ASSETS

Tangible assets

4

13,781

23,688

CURRENT ASSETS

Stocks

5

70,150

66,575

Cash at bank and in hand

3,656

2,382

73,806

68,957

CREDITORS

Amounts falling due within one year

6

54,774

45,395

NET CURRENT ASSETS

19,032

23,562

TOTAL ASSETS LESS CURRENT LIABILITIES

32,813

47,250

CREDITORS

Amounts falling due after more than one year

7

17,500

21,500

NET ASSETS

15,313

25,750

CAPITAL AND RESERVES

Called up share capital

8

25,000

25,000

Retained earnings

9

(9,687

)

750

SHAREHOLDERS' FUNDS

15,313

25,750

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 22 September 2025 and were signed by:

O Ciftci - Director

1.	STATUTORY INFORMATION

Kuvars Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 March 2024

and 28 February 2025

600

39,149

39,749

DEPRECIATION

At 1 March 2024

440

15,621

16,061

Charge for year

120

9,787

9,907

At 28 February 2025

560

25,408

25,968

NET BOOK VALUE

At 28 February 2025

40

13,741

13,781

At 29 February 2024

160

23,528

23,688

5.

STOCKS

28.2.25

29.2.24

£

£

Stocks

70,150

66,575

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade creditors

49,381

39,794

VAT

1,716

1,924

Other creditors

3,677

3,677

54,774

45,395

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans more 5 yr by instal

17,500

21,500

28.2.25

29.2.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

17,500

21,500

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

£

1,000

Ordinary shares class A

1.00

25,000

25,000

9.

RESERVES

Retained

earnings

£

At 1 March 2024

750

Deficit for the year

(10,437

)

At 28 February 2025

(9,687

)