REGISTERED NUMBER: 14371415 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

KARENEST ILFORD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr Zahid Ali Choudhry

REGISTERED OFFICE:

Unit 2a 420 Eastern Avenue

Ilford

IG2 6NQ

REGISTERED NUMBER:

14371415 (England and Wales)

FIXED ASSETS

Tangible assets

4

18,721

23,566

CURRENT ASSETS

Debtors

5

120,267

5,568

Cash at bank and in hand

757

892

121,024

6,460

CREDITORS

Amounts falling due within one year

6

268,798

281,551

NET CURRENT LIABILITIES

(147,774

)

(275,091

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(129,053

)

(251,525

)

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

8

(129,054

)

(251,526

)

SHAREHOLDERS' FUNDS

(129,053

)

(251,525

)

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:

Mr Zahid Ali Choudhry - Director

1.	STATUTORY INFORMATION

Karenest Ilford 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.

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.

Improvements to property

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 October 2023

20,932

5,625

3,093

29,650

Additions

-

1,308

-

1,308

At 30 September 2024

20,932

6,933

3,093

30,958

DEPRECIATION

At 1 October 2023

4,186

1,125

773

6,084

Charge for year

4,186

1,387

580

6,153

At 30 September 2024

8,372

2,512

1,353

12,237

NET BOOK VALUE

At 30 September 2024

12,560

4,421

1,740

18,721

At 30 September 2023

16,746

4,500

2,320

23,566

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/24

30/9/23

£

£

Trade debtors

112,518

-

Amounts owed by group undertakings

4,749

2,568

Other debtors

3,000

3,000

120,267

5,568

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/24

30/9/23

£

£

Trade creditors

24,679

56,001

Amounts owed to group undertakings

126,736

92,152

Social security and other taxes

3,930

-

Other creditors

101,068

132,398

Directors' current accounts

11,635

-

Accrued expenses

750

1,000

268,798

281,551

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/9/24

30/9/23

value:

£

£

1

Ordinary

1

1

1

8.

RESERVES

Retained

earnings

£

At 1 October 2023

(251,526

)

Profit for the year

122,472

At 30 September 2024

(129,054

)