REGISTERED NUMBER: 10372768 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

Kar Trading Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Tangible assets

4

11,831

13,179

Current assets

Debtors

5

7,653

11,521

Cash at bank

2,532

1,250

10,185

12,771

Creditors

Amounts falling due within one year

6

(18

)

(18

)

Net current assets

10,167

12,753

Total assets less current liabilities

21,998

25,932

Creditors

Amounts falling due after more than one year

7

(23,241

)

(27,241

)

Net liabilities

(1,243

)

(1,309

)

Capital and reserves

Called up share capital

100

100

Retained earnings

9

(1,343

)

(1,409

)

Shareholders' funds

(1,243

)

(1,309

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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 30 September 2025 and were signed by:

Kaleem Rashid - Director

1.	Statutory information

Kar Trading Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

10372768

Registered office:

Marshall House, Suite 21-25

124 Middleton Road

Morden

SM4 6RW

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.

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.

3.	Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4.	Tangible fixed assets

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

Cost

At 1 October 2023

and 30 September 2024

1,500

17,804

19,304

Depreciation

At 1 October 2023

1,300

4,825

6,125

Charge for year

50

1,298

1,348

At 30 September 2024

1,350

6,123

7,473

Net book value

At 30 September 2024

150

11,681

11,831

At 30 September 2023

200

12,979

13,179

5.

Debtors: amounts falling due within one year

30.9.24

30.9.23

£

£

Trade debtors

7,653

11,521

6.

Creditors: amounts falling due within one year

30.9.24

30.9.23

£

£

Trade creditors

18

18

7.

Creditors: amounts falling due after more than one year

30.9.24

30.9.23

£

£

Bank loans (see note 8)

23,241

27,241

8.

Loans

An analysis of the maturity of loans is given below:

30.9.24

30.9.23

£

£

Amounts falling due between one and two years:

Bank loans > 1 year

23,241

27,241

9.

Reserves

Retained

earnings

£

At 1 October 2023

(1,409

)

Profit for the year

66

At 30 September 2024

(1,343

)