Kashmir Inc Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 07353812 (England and Wales)

Financial Statements for the Year Ended 31 August 2022

for

Kashmir Inc Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Intangible assets

4

19,500

19,500

Tangible assets

5

415

553

19,915

20,053

Current assets

Debtors

6

4,443

776

Cash at bank

11,545

41,168

15,988

41,944

Creditors

Amounts falling due within one year

7

(31,225

)

(57,809

)

Net current liabilities

(15,237

)

(15,865

)

Total assets less current liabilities

4,678

4,188

Capital and reserves

Called up share capital

9

1

1

Retained earnings

10

4,677

4,187

Shareholders' funds

4,678

4,188

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 17 March 2023 and were signed by:

Mrs Mehreen Amjad - Director

1.	Statutory information

Kashmir Inc Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07353812

Registered office:

Mail Boxes Etc

268 Belsize Road

London

NW6 4BT

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

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.

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.

3.	Employees and directors

The average number of employees during the year was 2 (2021 - 1 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 September 2021

Amortisation

At 1 September 2021

and 31 August 2022

(19,500

)

Net book value

At 31 August 2022

19,500

At 31 August 2021

19,500

5.	Tangible fixed assets

Plant and

machinery

£

Cost

At 1 September 2021

and 31 August 2022

2,072

Depreciation

At 1 September 2021

1,519

Charge for year

138

At 31 August 2022

1,657

Net book value

At 31 August 2022

415

At 31 August 2021

553

6.

Debtors: amounts falling due within one year

31.8.22

31.8.21

£

£

Trade debtors

3,500

-

VAT

943

776

4,443

776

7.

Creditors: amounts falling due within one year

31.8.22

31.8.21

£

£

Bank loans and overdrafts (see note 8)

25,957

28,457

Trade creditors

1

17,200

Corporation tax

147

3,435

Other creditors

5,120

8,717

31,225

57,809

8.

Loans

An analysis of the maturity of loans is given below:

31.8.22

31.8.21

£

£

Amounts falling due within one year or on demand:

Bank loans < 1 year

25,957

28,457

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.22

31.8.21

value:

£

£

100

Ordinary

1

1

1

10.

Reserves

Retained

earnings

£

At 1 September 2021

4,187

Profit for the year

490

At 31 August 2022

4,677