ONLY 1 KASHMIR LTD Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12428051

ONLY 1 KASHMIR LTD

Filleted Unaudited Financial Statements

31 December 2024

ONLY 1 KASHMIR LTD

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Intangible assets	5	5,000	6,000
Tangible assets	6	23,230	10,483
		--------	--------
		28,230	16,483

Current assets

Stocks	3,500	3,500
Cash at bank and in hand	42,839	43,681
	--------	--------
	46,339	47,181

Creditors: amounts falling due within one year	7	46,149	47,858
		--------	--------
Net current assets/(liabilities)		190	( 677)
		--------	--------
Total assets less current liabilities		28,420	15,806

Creditors: amounts falling due after more than one year	8	27,609	15,386
		--------	--------
Net assets		811	420
		--------	--------

ONLY 1 KASHMIR LTD

Statement of Financial Position (continued)

31 December 2024

	2024	2023
Note	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	711	320
	----	----
Shareholders funds	811	420
	----	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 25 September 2025 , and are signed on behalf of the board by:

Mr M R Alam
Director

Company registration number: 12428051

ONLY 1 KASHMIR LTD

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 46 The Ridgeway, North Harrow, Middlesex, HA2 7QN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	20% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 7 (2023: 7 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 January 2024 and 31 December 2024	10,000
	--------
Amortisation
At 1 January 2024	4,000
Charge for the year	1,000
	--------
At 31 December 2024	5,000
	--------
Carrying amount
At 31 December 2024	5,000
	--------
At 31 December 2023	6,000
	--------

6. Tangible assets

	Fixtures and fittings
	£
Cost
At 1 January 2024	19,154
Additions	18,555
	--------
At 31 December 2024	37,709
	--------
Depreciation
At 1 January 2024	8,671
Charge for the year	5,808
	--------
At 31 December 2024	14,479
	--------
Carrying amount
At 31 December 2024	23,230
	--------
At 31 December 2023	10,483
	--------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	10,000	10,000
Trade creditors	5,562	5,563
Corporation tax	1,777	2,116
Social security and other taxes	23,635	10,087
Other creditors	5,175	20,092
	--------	--------
	46,149	47,858
	--------	--------

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	27,609	15,386
	--------	--------