KRISHNA ENTERPRISES (UK) LTD

KRISHNA ENTERPRISES (UK) LTD

KRISHNA ENTERPRISES (UK) LTD - Company Information

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1 January 2021 false No description of principal activity Taxfiler 2022.8.3 08381661business:PrivateLimitedCompanyLtd2021-01-012021-12-31 083816612020-12-31 083816612021-01-012021-12-31 08381661business:AuditExempt-NoAccountantsReport2021-01-012021-12-31 08381661business:FullAccounts2021-01-012021-12-31 083816612021-12-31 08381661business:Director12021-01-012021-12-31 08381661business:RegisteredOffice2021-01-012021-12-31 083816612020-12-31 08381661core:WithinOneYear2021-12-31 08381661core:WithinOneYear2020-12-31 08381661core:AfterOneYear2021-12-31 08381661core:AfterOneYear2020-12-31 08381661core:ShareCapital2021-12-31 08381661core:ShareCapital2020-12-31 08381661core:RetainedEarningsAccumulatedLosses2021-12-31 08381661core:RetainedEarningsAccumulatedLosses2020-12-31 08381661business:SmallEntities2021-01-012021-12-31 08381661countries:EnglandWales2021-01-012021-12-31 08381661core:ComputerEquipment2021-01-012021-12-31 08381661core:ComputerEquipment2020-12-31 08381661core:ComputerEquipment2021-12-31 08381661business:Director112021-01-012021-12-31 08381661business:Director112020-12-31 08381661business:Director112021-12-31 083816612020-01-012020-12-31 iso4217:GBP xbrli:pure
Company Registration No. 08381661 (England and Wales)
KRISHNA ENTERPRISES (UK) LTD Unaudited accounts for the year ended 31 December 2021
KRISHNA ENTERPRISES (UK) LTD Unaudited accounts Contents
Page
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KRISHNA ENTERPRISES (UK) LTD Company Information for the year ended 31 December 2021
Director
Hiren Patel
Company Number
08381661 (England and Wales)
Registered Office
53 Culver Grove Stanmore Middlesex HA7 2NJ
Accountants
Abacus Accounting Solutions Ltd 5 Pasture Close North Wembley Middlesex HA0 3JE
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KRISHNA ENTERPRISES (UK) LTD Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
922 
120 
Current assets
Inventories
37 
37 
Debtors
5
2,689 
19,774 
Cash at bank and in hand
6,694 
10,592 
9,420 
30,403 
Creditors: amounts falling due within one year
6
(4,830)
(11,520)
Net current assets
4,590 
18,883 
Total assets less current liabilities
5,512 
19,003 
Creditors: amounts falling due after more than one year
7
(8,548)
(10,800)
Net (liabilities)/assets
(3,036)
8,203 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(3,136)
8,103 
Shareholders' funds
(3,036)
8,203 
For the year ending 31 December 2021 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 September 2022 and were signed on its behalf by
Hiren Patel Director Company Registration No. 08381661
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KRISHNA ENTERPRISES (UK) LTD Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
KRISHNA ENTERPRISES (UK) LTD is a private company, limited by shares, registered in England and Wales, registration number 08381661. The registered office is 53 Culver Grove, Stanmore, Middlesex, HA7 2NJ.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
Government grants
Grants receivable Business grants are credited to profit and loss account on an accruals basis where it is probable that they will be received. Government assisted loans Loans received through the Bounce Back Loan Scheme (BBLS) or the Coronavirus Business Interruption Loan Scheme (CBILS) are accounted for on the date the funds are received by the company. The first twelve months of the interest charge, which is funded by the government, is recognised in the profit and loss account as both an interest charge and as a government grant receivable.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2021
500 
Additions
1,110 
At 31 December 2021
1,610 
Depreciation
At 1 January 2021
380 
Charge for the year
308 
At 31 December 2021
688 
Net book value
At 31 December 2021
922 
At 31 December 2020
120 
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KRISHNA ENTERPRISES (UK) LTD Notes to the Accounts for the year ended 31 December 2021
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
- 
16,646 
Other debtors
2,689 
3,128 
2,689 
19,774 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
2,316 
1,200 
Taxes and social security
1,598 
2,240 
Other creditors
446 
508 
Accruals
470 
7,572 
4,830 
11,520 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
8,548 
10,800 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Hiren Patel
Loan to director
- 
2,689 
- 
2,689 
- 
2,689 
- 
2,689 
The director's overdrawn loan account was repaid in September 2022.
9
Average number of employees
During the year the average number of employees was 1 (2020: 1).
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