Company Registration No. 11774078 (England and Wales)
Kaarnage Ltd
Unaudited accounts
for the period from 1 February 2024 to 30 January 2025
Kaarnage Ltd
Unaudited accounts
Contents
Kaarnage Ltd
Company Information
for the period from 1 February 2024 to 30 January 2025
Company Number
11774078 (England and Wales)
Registered Office
51 Beauchamp Place
Knightsbridge
London
SW3 1NY
United Kingdom
Accountants
DNG Associates
214 Baker Street
Enfield
London
EN1 3JT
Kaarnage Ltd
Statement of financial position
as at 30 January 2025
Tangible assets
371,449
260,167
Cash at bank and in hand
18,076
2,875
Creditors: amounts falling due within one year
(133,358)
(259,351)
Net current liabilities
(109,232)
(250,426)
Total assets less current liabilities
262,217
9,741
Creditors: amounts falling due after more than one year
(173,088)
-
Provisions for liabilities
Called up share capital
100
100
Revaluation reserve
55,420
-
Profit and loss account
18,729
9,641
Shareholders' funds
74,249
9,741
For the period ending 30 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 December 2025 and were signed on its behalf by
Mr L K Aksoy
Director
Company Registration No. 11774078
Kaarnage Ltd
Notes to the Accounts
for the period from 1 February 2024 to 30 January 2025
Kaarnage Ltd is a private company, limited by shares, registered in England and Wales, registration number 11774078. The registered office is 51 Beauchamp Place, Knightsbridge, London, SW3 1NY, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% - reducing balance
Computer equipment
18% - reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Kaarnage Ltd
Notes to the Accounts
for the period from 1 February 2024 to 30 January 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At valuation
At cost
At cost
At 1 February 2024
259,700
-
1,699
261,399
Additions
40,000
1,300
-
41,300
Revaluations
70,300
-
-
70,300
At 30 January 2025
370,000
1,300
1,699
372,999
At 1 February 2024
-
-
1,232
1,232
Charge for the period
-
234
84
318
At 30 January 2025
-
234
1,316
1,550
At 30 January 2025
370,000
1,066
383
371,449
At 31 January 2024
259,700
-
467
260,167
Amounts falling due within one year
Accrued income and prepayments
4,000
4,000
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
1,369
2,024
Other creditors
131,577
256,989
7
Creditors: amounts falling due after more than one year
2025
2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the period the average number of employees was 2 (2024: 1).