REGISTERED NUMBER: 15730305 (England and Wales)

Report of the Directors and

Financial Statements for the Period 20 May 2024 to 31 May 2025

for

KRS MERCHANTS LTD

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

R K Radakrishnan

Mrs S Rameshkumar

REGISTERED OFFICE:

7 Kilby Crescent

St. Andrew

Swindon

SN25 4DW

REGISTERED NUMBER:

15730305 (England and Wales)

ACCOUNTANTS:

Raj & Co.

Chartered Management Accountants

108 Ashurst Drive

Ilford

Essex

IG6 1AQ

The directors present their report with the financial statements of the company for the period 20 May 2024 to 31 May 2025.

INCORPORATION

The company was incorporated on 20 May 2024 and commenced trading on 1 August 2024.

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of grocery, off-licence and retail shop.

DIVIDENDS

The directors recommend the payment of dividends of £4,000 during the period.

DIRECTORS

The directors who have held office during the period from 20 May 2024 to the date of this report are as follows:

R K Radakrishnan - appointed 20 May 2024

Mrs S Rameshkumar - appointed 20 May 2024

Both the directors who are eligible offer themselves for election at the forthcoming first Annual General Meeting.

ON BEHALF OF THE BOARD:

R K Radakrishnan - Director

27 July 2026

TURNOVER

246,979

Cost of sales

120,557

GROSS PROFIT

126,422

Administrative expenses

116,440

OPERATING PROFIT

4

9,982

Interest payable and similar expenses

5

143

PROFIT BEFORE TAXATION

9,839

Tax on profit

6

-

PROFIT FOR THE FINANCIAL PERIOD

9,839

FIXED ASSETS

Tangible assets

7

122,229

CURRENT ASSETS

Stocks

8

40,100

Debtors

9

5,432

Cash at bank and in hand

20,966

66,498

CREDITORS

Amounts falling due within one year

10

182,688

NET CURRENT LIABILITIES

(116,190

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,039

CAPITAL AND RESERVES

Called up share capital

11

200

Retained earnings

12

5,839

SHAREHOLDERS' FUNDS

6,039

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 27 July 2026 and were signed on its behalf by:

R K Radakrishnan - Director

1.	STATUTORY INFORMATION

KRS Merchants 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

The financial statements have been prepared in accordance with applicable Accounting Standards in the United Kingdom. A summary of the more important policies which have been applied consistently is set out below:

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.

Fixed assets - 15% on written down value

Stocks

Stocks 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 period 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 period 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

£

Wages and salaries

37,879

Other pension costs

665

38,544

The average number of employees during the period was as follows:

Administration

4

4.	OPERATING PROFIT

The operating profit is stated after charging:

£

Depreciation - owned assets

19,805

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

£

Hire purchase

143

6.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose for the period.

7.	TANGIBLE FIXED ASSETS

Furniture,

fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

Additions

10,000

63,480

57,050

At 31 May 2025

10,000

63,480

57,050

DEPRECIATION

Charge for period

-

9,522

8,557

At 31 May 2025

-

9,522

8,557

NET BOOK VALUE

At 31 May 2025

10,000

53,958

48,493

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

Additions

10,594

910

142,034

At 31 May 2025

10,594

910

142,034

DEPRECIATION

Charge for period

1,589

137

19,805

At 31 May 2025

1,589

137

19,805

NET BOOK VALUE

At 31 May 2025

9,005

773

122,229

8.

STOCKS

£

Stocks

40,100

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

VAT

5,432

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Hire purchase contracts

10,676

Trade creditors

2,244

Social security and other taxes

1,112

Pension account

1,551

Amounts due to related

businesses

90,250

Directors' current accounts

76,855

182,688

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

200

Ordinary

£1.00

200

200 Ordinary shares of £1.00 each were allotted and fully paid for cash at par during the period.

12.

RESERVES

Retained

earnings

£

Profit for the period

9,839

Dividends

(4,000

)

At 31 May 2025

5,839