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Company Registration No. 14152047 (England and Wales)
Karvel Ltd Unaudited accounts for the year ended 30 June 2025
Karvel Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Karvel Ltd Company Information for the year ended 30 June 2025
Director
C. Pankhania
Company Number
14152047 (England and Wales)
Registered Office
61 ALBERT STREET RUGBY CV21 2SN ENGLAND
Accountants
Express Accounts 61 Albert Street Rugby CV21 2SN
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Karvel Ltd Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
426,534
429,885
Current assets
Inventories
4,705
6,320
Cash at bank and in hand
25,012
17,742
29,717
24,062
Creditors: amounts falling due within one year
5
(453,452)
(459,376)
Net current liabilities
(423,735)
(435,314)
Net assets/(liabilities)
2,799
(5,429)
Capital and reserves
Called up share capital
100
100
Profit and loss account
2,699
(5,529)
Shareholders' funds
2,799
(5,429)
For the year ending 30 June 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 11 March 2026 and were signed on its behalf by
C. Pankhania Director Company Registration No. 14152047
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Karvel Ltd Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Karvel Ltd is a private company, limited by shares, registered in England and Wales, registration number 14152047. The registered office is 61 ALBERT STREET, RUGBY, CV21 2SN, ENGLAND.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following reducing balance rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25%
Fixtures & fittings
15%
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 July 2024
402,500
2,500
35,957
440,957
Additions
-
-
1,056
1,056
At 30 June 2025
402,500
2,500
37,013
442,013
Depreciation
At 1 July 2024
-
1,094
9,978
11,072
Charge for the year
-
352
4,055
4,407
At 30 June 2025
-
1,446
14,033
15,479
Net book value
At 30 June 2025
402,500
1,054
22,980
426,534
At 30 June 2024
402,500
1,406
25,979
429,885
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Karvel Ltd Notes to the Accounts for the year ended 30 June 2025
5
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
2,106
6,198
Trade creditors
3,844
11,065
Loans from directors
447,502
442,113
453,452
459,376
6
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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