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REGISTERED NUMBER: 10627769 (England and Wales)

Financial Statements for the Year Ended 28th February 2025

for

KERNOW CURRY LIMITED

KERNOW CURRY LIMITED (Registered number: 10627769)

Contents of the Financial Statements

for the Year Ended 28th February 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

KERNOW CURRY LIMITED

Company Information

for the Year Ended 28th February 2025

| DIRECTOR: | K S MUDHAR

| SECRETARY: |

| REGISTERED OFFICE: | 35 ST PIRANS ROAD

| PERRANPORTH

| CORWALL

| TR6 0BJ

| REGISTERED NUMBER: | 10627769 (England and Wales)

| ACCOUNTANT: | A K & Co Accountants

| 732 Walsall Road

| Great Barr

| Birmingham

| West Midlands

| B42 1EX

KERNOW CURRY LIMITED (Registered number: 10627769)

Balance Sheet

28th February 2025

| 28.2.25 | 29.2.24 |

| Notes | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 7,500 |  | 10,000 |  |

Property, plant and equipment | 5 | 5,019 |  | 8,173 |  |

12,519 |  | 18,173 |  |

CURRENT ASSETS

Inventories | 6 | 4,781 |  | 4,011 |  |

Debtors | 7 | 11,588 |  | 12,077 |  |

Cash at bank and in hand | 999 |  | 1,080 |  |

17,368 |  | 17,168 |  |

CREDITORS

Amounts falling due within one year | 8 | 21,791 |  | 40,453 |  |

NET CURRENT LIABILITIES | (4,423 | ) | (23,285 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 8,096 |  | (5,112 | ) |

CREDITORS

Amounts falling due after more than one year | 9 | 19,555 |  | 28,999 |  |

NET LIABILITIES | (11,459 | ) | (34,111 | ) |

CAPITAL AND RESERVES

Called up share capital | 11 | 100 |  | 100 |  |

Retained earnings | 12 | (11,559 | ) | (34,211 | ) |

SHAREHOLDERS' FUNDS | (11,459 | ) | (34,111 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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.

KERNOW CURRY LIMITED (Registered number: 10627769)

Balance Sheet - continued

28th February 2025

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 1st October 2025 and were signed by:

K S MUDHAR - Director

KERNOW CURRY LIMITED (Registered number: 10627769)

Notes to the Financial Statements

for the Year Ended 28th February 2025

1. | STATUTORY INFORMATION

| KERNOW CURRY 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

| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

| 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.

| Tangible fixed assets

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

| Fixtures and fittings 15% pa on reducing balance

| Motor vehicles 15% pa on reducing balance

| Plant and machinery 15% pa on reducing balance

| Goodwill 10% pa on flat rates

| Stocks

| Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| 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.

KERNOW CURRY LIMITED (Registered number: 10627769)

Notes to the Financial Statements - continued

for the Year Ended 28th February 2025

2. | ACCOUNTING POLICIES - continued

| 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 8 (2024 - 12 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1st March 2024

| and 28th February 2025 | 25,000 |  |

| AMORTISATION

| At 1st March 2024 | 15,000 |  |

| Amortisation for year | 2,500 |  |

| At 28th February 2025 | 17,500 |  |

| NET BOOK VALUE

| At 28th February 2025 | 7,500 |  |

| At 29th February 2024 | 10,000 |  |

KERNOW CURRY LIMITED (Registered number: 10627769)

Notes to the Financial Statements - continued

for the Year Ended 28th February 2025

5. | PROPERTY, PLANT AND EQUIPMENT

| Fixtures |

| Plant and |  | and |  | Motor |  | Computer |

| machinery |  | fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1st March 2024 |

| and 28th February 2025 | 2,792 |  | 17,351 |  | 7,250 |  | 3,207 |  | 30,600 |  |

| DEPRECIATION

| At 1st March 2024 | 1,449 |  | 13,895 |  | 5,461 |  | 1,622 |  | 22,427 |  |

| Charge for year | 284 |  | 1,985 |  | 597 |  | 288 |  | 3,154 |  |

| At 28th February 2025 | 1,733 |  | 15,880 |  | 6,058 |  | 1,910 |  | 25,581 |  |

| NET BOOK VALUE

| At 28th February 2025 | 1,059 |  | 1,471 |  | 1,192 |  | 1,297 |  | 5,019 |  |

| At 29th February 2024 | 1,343 |  | 3,456 |  | 1,789 |  | 1,585 |  | 8,173 |  |

6. | INVENTORIES

| 28.2.25 |  | 29.2.24

£ | £ |

| Stocks | 4,781 |  | 4,011 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 28.2.25 |  | 29.2.24

£ | £ |

| Trade debtors | 1,588 |  | 2,077 |  |

| Advance Rent | 10,000 |  | 10,000 |  |

11,588 |  | 12,077 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 28.2.25 |  | 29.2.24

£ | £ |

| Bank loans and overdrafts (see note 10) | 238 |  | 6,837 |  |

| Trade creditors | (6,008 | ) | 5,972 |  |

| Tax | 2,363 |  | 4,584 |  |

| Social security and other taxes | 9,192 |  | 19,561 |  |

| Directors' current accounts | 14,756 |  | 2,624 |  |

| Accrued expenses | 1,250 |  | 875 |  |

21,791 |  | 40,453 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 28.2.25 |  | 29.2.24

£ | £ |

| Other loans (see note 10) | 19,555 |  | 28,999 |  |

KERNOW CURRY LIMITED (Registered number: 10627769)

Notes to the Financial Statements - continued

for the Year Ended 28th February 2025

10. | LOANS

| An analysis of the maturity of loans is given below:

| 28.2.25 |  | 29.2.24

£ | £ |

| Amounts falling due within one year or on demand:

| Bank overdrafts | 238 |  | 6,837 |  |

| Amounts falling due between two and five years:

| Other loans - 2-5 years | 19,555 |  | 28,999 |  |

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 28.2.25 |  | 29.2.24

| value: | £ | £ |

| 100 | Ordinary share capital | £1 | 100 |  | 100 |  |

12. | RESERVES

| Retained

| earnings

£ |

| At 1st March 2024 | (34,211 | ) |

| Profit for the year | 22,652 |  |

| At 28th February 2025 | (11,559 | ) |