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Registered Number: 09779815
England and Wales

 

 

 

KGN CASH & CARRY LIMITED



Unaudited Filleted Financial Statements
 


Period of accounts

Start date: 01 October 2023

End date: 30 September 2024
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Tangible fixed assets 3 291,300    332,300 
291,300    332,300 
Current assets      
Stocks 4 168,000    186,750 
Debtors 5 269,690    17,331 
Cash at bank and in hand 2,278    5,394 
439,968    209,475 
Creditors: amount falling due within one year 6 (410,277)   (225,912)
Net current assets 29,691    (16,437)
 
Total assets less current liabilities 320,991    315,863 
Creditors: amount falling due after more than one year 7 (68,821)   (86,481)
Accruals and deferred income (1,200)   (850)
Provisions for liabilities 8 (17,486)   (14,928)
Net assets 233,484    213,604 
 

Capital and reserves 		     
Called up share capital 1    1 
Profit and loss account 233,483    213,603 
Shareholders' funds 233,484    213,604 
 


For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 29 September 2025 and were signed by:


-------------------------------
Farzana Irfan Jamidar
Director
1
General Information
KGN Cash & Carry Limited is a private company, limited by shares, registered in England and Wales, registration number 09779815, registration address 7-11 Great Hanover Street, Preston, PR1 1PY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 18% Reducing Balance
Fixtures and Fittings 10% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 11 (2023 : 10).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Total
  £   £   £
At 01 October 2023 232,215    322,587    554,802 
Additions -    -    - 
Disposals -    -    - 
At 30 September 2024 232,215    322,587    554,802 
Depreciation
At 01 October 2023 135,081    87,421    222,502 
Charge for year 17,484    23,516    41,000 
On disposals -    -    - 
At 30 September 2024 152,565    110,937    263,502 
Net book values
Closing balance as at 30 September 2024 79,650    211,650    291,300 
Opening balance as at 01 October 2023 97,134    235,166    332,300 


4.

Stocks

2024
£		   2023
£
Stocks 168,000    186,750 
168,000    186,750 

5.

Debtors: amounts falling due within one year

2024
£		   2023
£
Trade Debtors 15,073    15,502 
Other Debtors 250,000    - 
VAT 4,617    1,829 
269,690    17,331 

6.

Creditors: amount falling due within one year

2024
£		   2023
£
Trade Creditors 318,930    168,235 
Bank Loans & Overdrafts (Secured) 9,715    13,331 
Bank Loans & Overdrafts 10,000    10,000 
Corporation Tax 34,515    16,668 
PAYE & Social Security 25,679    8,421 
Other Creditors 5,000    5,000 
Directors' Current Accounts 6,438    4,257 
410,277    225,912 

7.

Creditors: amount falling due after more than one year

2024
£		   2023
£
Bank Loans & Overdrafts 8,333    18,333 
Other Creditors 60,488    68,148 
68,821    86,481 

8.

Provisions for liabilities

2024
£		   2023
£
Deferred Tax 17,486    14,928 
17,486    14,928 

2