Karnarva (UK) Ltd - Filleted accounts

Registered number

03891673

Karnarva (UK) Ltd

Unaudited Filleted Accounts

31 March 2025

Karnarva (UK) Ltd
Registered number:		03891673
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,125			1,125

Current assets
Debtors	4	27,322			25,322
Cash at bank and in hand		387			508
		27,709			25,830

Creditors: amounts falling due within one year	5	(6,848)			(5,794)

Net current assets			20,861			20,036

Total assets less current liabilities			21,986			21,161


Provisions for liabilities	6		(161)			(900)
Deferred tax

Net assets			21,825			20,261

Capital and reserves
Called up share capital	7		100			100
Profit and loss account			21,725			20,161

Shareholders' funds			21,825			20,261

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mrs D Williams
Director
Approved by the board on 22 December 2025

Karnarva (UK) Ltd
Notes to the Accounts
for the year ended 31 March 2025
1	Accounting policies
	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
	Entities are required to adopt the going concern basis of accounting, except in circumstances where the company determine at the date of approval of the accounts that it is not acceptable.
	The future is of course uncertain due to the effects of Coronavirus, Ukraine War and cost of living crisis and other matters which may be out of our control.
	Given the unknown future impact these may have on the company, we have only been able to look at the position since the year-end up to the current date.
	At present the director has carried out an assessment and believes the company is willing and able to stay in business for the foreseeable future covering at least 12 months from approval of these accounts subject to the above.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
	Plant and machinery			10% to 25% straight line

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

2	Taxation					2025		2024
	Deferred taxation					£	£
	At 1st April 2024					900		913
	(credit) to profit and loss account					(739)		(13)

	At 31st March 2025					161		900

	Charge for the year
	Current taxation							7
	Deferred taxation					(739)		(13)
	Charge/(credit) for the year					(739)		(6)

3	Tangible fixed assets
								Plant and machinery etc
	Cost							£
	At 1 April 2024							41,131
	At 31 March 2025							41,131

	Depreciation
	At 1 April 2024							40,006
	At 31 March 2025							40,006

	Net book value
	At 31 March 2025							1,125
	At 31 March 2024							1,125

4	Debtors					2025		2024
£							£
	Trade debtors (AFS Rotel Ltd note 8)					27,322		25,322
	Taxation and social security costs - Corporation Tax					-		-

5	Creditors: amounts falling due within one year					2025		2024
£							£
	Corporation tax					-		7
	Other creditors (Incl . Loan £4,500 (2024 £4,500) ) note 8					6,848		5,787
						6,848		5,794

6	Provisions for liabilities					2025		2024
	Deferred taxation:
	accelerated capital allowances					161		900

	Provisions for liabilities ctd					2025		2024
£							£
	At 31 March 2024					900		913
	Deferred tax (credit)/ charge in Profit and Loss Account					(739)		(13)
	At 31 March 2025					161		900




7	Share capital	Nominal		2025		2025		2024
value			Number		£		£
	Allotted, called up and fully paid:
	ordinary shares	£1 each		100		100		100


8	Related party transactions					2025		2024
£							£
	AFS Rotel Ltd
	Rental of Equipment to them					2,000		2,400
	Debtors at the year-end are shown in note 4.
	Amount due (to)/from AFS Rotel Ltd					27,322		25,322
	J S Williams - Director
	Balance outstanding					8		8

	AFS Rotel Ltd
	Balance owing from Karnarva (UK) to AFS Rotel Ltd					4,500		4,500

9	Average number of employees
						2		2

10	Ultimate controlling party
	There is no ultimate controlling party.

11	Other information
	Karnarva (UK) Ltd is a private company limited by shares and incorporated in England. Its registered office is: Unit 1 Broadclough Mill, Burnley Road, BACUP OL13 8PJ