REGISTERED NUMBER: 10119881 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

KLAIRE CARRIERS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Arvinder Atwal

REGISTERED OFFICE:

Unit 13 Webner Industrial Estate

Ettingshall Road

Wolverhampton

West Midlands

WV2 2LD

REGISTERED NUMBER:

10119881 (England and Wales)

FIXED ASSETS

Tangible assets

4

284,925

245,049

CURRENT ASSETS

Debtors

5

408,987

138,530

Cash at bank and in hand

190,942

186,517

599,929

325,047

CREDITORS

Amounts falling due within one year

6

(492,460

)

(294,129

)

NET CURRENT ASSETS

107,469

30,918

TOTAL ASSETS LESS CURRENT LIABILITIES

392,394

275,967

CREDITORS

Amounts falling due after more than one year

7

(34,800

)

-

NET ASSETS

357,594

275,967

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

357,494

275,867

SHAREHOLDERS' FUNDS

357,594

275,967

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 10 December 2025 and were signed by:

Mr Arvinder Atwal - Director

1.	STATUTORY INFORMATION

KLAIRE CARRIERS 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.

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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% 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.

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 58 (2024 - 42 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

287,073

54,527

15,625

357,225

Additions

106,500

15,333

1,273

123,106

Disposals

(12,000

)

-

-

(12,000

)

At 31 March 2025

381,573

69,860

16,898

468,331

DEPRECIATION

At 1 April 2024

88,179

20,722

3,275

112,176

Charge for year

58,679

9,827

2,724

71,230

At 31 March 2025

146,858

30,549

5,999

183,406

NET BOOK VALUE

At 31 March 2025

234,715

39,311

10,899

284,925

At 31 March 2024

198,894

33,805

12,350

245,049

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

408,987

138,530

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other loans

29,910

36,180

Trade creditors

91,257

49,807

Tax

30,504

18,453

Social security and other taxes

28,066

21,585

Net wages

86,972

57,103

VAT

107,242

39,166

Directors' current accounts

113,796

67,779

Accrued expenses

4,713

4,056

492,460

294,129

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

34,800

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

1

100

100

9.

RESERVES

Retained

earnings

£

At 1 April 2024

275,867

Profit for the year

101,627

Dividends

(20,000

)

At 31 March 2025

357,494