REGISTERED NUMBER: 11033385 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 NOVEMBER 2023 TO 30 APRIL 2025

FOR

KARL STUART LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A K S Storer

REGISTERED OFFICE:

4a Branston Street

Hockley

Birmingham

West Midlands

B18 6BP

REGISTERED NUMBER:

11033385 (England and Wales)

ACCOUNTANTS:

Armstrongs

Chartered Accountants and Tax Advisers

1 & 2 Mercia Village

Torwood Close

Westwood Business Park

Coventry

West Midlands

CV4 8HX

FIXED ASSETS

Intangible assets

4

1,662

6,648

Tangible assets

5

1,667

3,324

3,329

9,972

CURRENT ASSETS

Debtors

6

-

3,881

Cash at bank

998

7,797

998

11,678

CREDITORS

Amounts falling due within one year

7

37,187

35,684

NET CURRENT LIABILITIES

(36,189

)

(24,006

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(32,860

)

(14,034

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(32,960

)

(14,134

)

(32,860

)

(14,034

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2025 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 2 October 2025 and were signed by:

A K S Storer - Director

1.	STATUTORY INFORMATION

Karl Stuart Ltd 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Taxation

Taxation for the period 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 period 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.

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 period was 1 (2023 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 November 2023

and 30 April 2025

9,972

AMORTISATION

At 1 November 2023

3,324

Amortisation for period

4,986

At 30 April 2025

8,310

NET BOOK VALUE

At 30 April 2025

1,662

At 31 October 2023

6,648

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 November 2023

and 30 April 2025

4,446

DEPRECIATION

At 1 November 2023

1,122

Charge for period

1,657

At 30 April 2025

2,779

NET BOOK VALUE

At 30 April 2025

1,667

At 31 October 2023

3,324

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

VAT

-

3,881

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

VAT

353

-

Directors' current accounts

35,884

34,784

Accrued expenses

950

900

37,187

35,684

8.	GOING CONCERN

The company is dependent on the continuing support of the director, who has financed the losses incurred. The director has signified he will not withdraw his funds and therefore the accounts have been prepared under a going concern basis.