Abbreviated Company Accounts - KARABAR LTD

Registered Number 06690450

KARABAR LTD

Abbreviated Accounts

31 March 2015

KARABAR LTD Registered Number 06690450

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	154,637	147,073
		154,637	147,073
Current assets
Stocks		1,150,000	705,000
Debtors		55,000	90,479
Cash at bank and in hand		31,940	8,818
		1,236,940	804,297
Creditors: amounts falling due within one year		(782,534)	(616,230)
Net current assets (liabilities)		454,406	188,067
Total assets less current liabilities		609,043	335,140
Total net assets (liabilities)		609,043	335,140
Capital and reserves
Called up share capital		1	1
Profit and loss account		609,042	335,139
Shareholders' funds		609,043	335,140

For the year ending 31 March 2015 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 31 December 2015

And signed on their behalf by:
G Karabar, Director

KARABAR LTD Registered Number 06690450

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The Turnover shown in the Profit and Loss Account represents amounts invoiced during the year exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less it's estimated residual value, over the useful economic life of that asset as follows:
Plant & Machinery - 25% reducing balance
Motor Vehicles - 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 April 2014	195,603
Additions	43,789
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	239,392
Depreciation
At 1 April 2014	48,530
Charge for the year	36,225
On disposals	-
At 31 March 2015	84,755
Net book values
At 31 March 2015	154,637
At 31 March 2014	147,073