REGISTERED NUMBER: 11121159 (England and Wales)

Karitci Joinery Solutions Limited

Unaudited Financial Statements

for the Year Ended 31st December 2024

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S Karitci

REGISTERED OFFICE:

Apt 26 Holmewood House

Brighton Road

Banstead

SM7 1AF

REGISTERED NUMBER:

11121159 (England and Wales)

ACCOUNTANTS:

Naail & Co

Chartered Certified Accountants

69 Lambeth Walk

London

SE11 6DX

FIXED ASSETS

Property, plant and equipment

5

3,874

5,165

CURRENT ASSETS

Inventories

1,625

3,050

Debtors

36,604

32,903

Cash at bank and in hand

422

432

38,651

36,385

CREDITORS

Amounts falling due within one year

13,477

14,879

NET CURRENT ASSETS

25,174

21,506

TOTAL ASSETS LESS CURRENT LIABILITIES

29,048

26,671

CREDITORS

Amounts falling due after more than one year

(37,500

)

(39,537

)

PROVISIONS FOR LIABILITIES

7

(736

)

(981

)

NET LIABILITIES

(9,188

)

(13,847

)

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

(9,189

)

(13,848

)

SHAREHOLDERS' FUNDS

(9,188

)

(13,847

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 30th September 2025 and were signed by:

Mr S Karitci - Director

1.	STATUTORY INFORMATION

Karitci Joinery Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

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

Turnover is generated from the ordinary activities of the business and is recognized when the right to consideration becomes due.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less any additional costs to sell.

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.

Going concern

At the balance sheet date, the company's liabilities exceeded its assets. The company is able to trade with the support of its director and in his opinion, this support will continue for the foreseeable future and for at least 13 months from the date of approval of these financial statements. The financial statements are therefore prepared on the going concern basis.

4.	EMPLOYEES AND DIRECTORS

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

5.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1st January 2024

and 31st December 2024

19,105

DEPRECIATION

At 1st January 2024

13,940

Charge for year

1,291

At 31st December 2024

15,231

NET BOOK VALUE

At 31st December 2024

3,874

At 31st December 2023

5,165

6.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Lloyds Bank loans

10,000

12,211

Amounts falling due between one and two years:

Bounce Bank loans - 1-2 years

22,800

20,589

Amounts falling due between two and five years:

Bounce Bank loans - 2-5 years

14,700

14,700

7.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

736

981

Deferred

tax

£

Balance at 1st January 2024

981

Provided during year

(245

)

Balance at 31st December 2024

736

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

£1

1

1

9.	RELATED PARTY DISCLOSURES

Mr S Karitci

Director & 100% shareholder

At the reporting date, Mr Karitci owed £29,464 (2023: £16,759) to the company.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S Karitci.