Micro-entity Accounts - KARIM (U.K.) LIMITED

Micro-entity Accounts - KARIM (U.K.) LIMITED

KARIM (U.K.) LIMITED - Company Information

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Registered Number 04920752

KARIM (U.K.) LIMITED

Micro-entity Accounts

31 October 2017

KARIM (U.K.) LIMITED Registered Number 04920752

Micro-entity Balance Sheet as at 31 October 2017

Notes 2017 2016
£ £
Fixed Assets 3,136 3,595
Current Assets 59,891 54,917
Creditors: amounts falling due within one year (65,692) (66,360)
Net current assets (liabilities) (5,801) (11,443)
Total assets less current liabilities (2,665) (7,848)
Creditors: amounts falling due after more than one year (52,345) (41,967)
Accruals and deferred income (1,065) (219)
Total net assets (liabilities) (56,075) (50,034)
Capital and reserves (56,075) (50,034)
  • For the year ending 31 October 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
  • The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 10 May 2018

And signed on their behalf by:
Mr A K karim, Director

Footnotes:
  • Advances and credits
    Directors advances, credits and guarantees
    During the year the directors entered into the following advances and credits with the company:

    2017

    Mr A K Karim
    Balance brought forward - £ (16,194)
    Advances /(credits) to the directors - £ 7,000
    Amounts repaid - £ (8,116)
    Balance o/standing - £ (17,310)

    Mrs D Karim
    Balance brought forward - £ (13,364)
    Advances /(credits) to the directors - £ 8,750
    Amounts repaid - £ (8,116)
    Balance o/standing - £ (12,730)

    Mr G A Karim
    Balance brought forward - £ (7,696)
    Advances /(credits) to the directors - £ 12,250
    Amounts repaid - £ (8,116)
    Balance o/standing - £ (3,562)

    Mr H Karim
    Balance brought forward - £ (14,478)
    Advances /(credits) to the directors - £ 7,000
    Amounts repaid - £ (8,116)
    Balance o/standing - £ (15,594)

    2016

    Mr A K Karim
    Balance brought forward - £ (15,514)
    Advances /(credits) to the directors - £ 12,946
    Amounts repaid - £ (13,626)
    Balance o/standing - £ (16,194)

    Mrs D Karim
    Balance brought forward - £ (14,525)
    Advances /(credits) to the directors - £ 16,183
    Amounts repaid - £ (15,022)
    Balance o/standing - £ (13,364)

    Mr G A Karim
    Balance brought forward - £ (12,547)
    Advances /(credits) to the directors - £ 22,656
    Amounts repaid - £ (17,805)
    Balance o/standing - £ (7,696)

    Mr H Karim
    Balance brought forward - £ (13,798)
    Advances /(credits) to the directors - £ 12,946
    Amounts repaid - £ (13,626)
    Balance o/standing - £ (14,478)

KARIM (U.K.) LIMITED Registered Number 04920752

Notes to the Micro-entity Accounts for the period ended 31 October 2017

1Accounting Policies

Other accounting policies
Going cocern:
At the balance sheet date, the company had net liabilities. The company is reliant on the support by the directors, who has lent the company a loan.
On the basis that the directors will continue to support the reporting entity for the foreseeable future, the directors consider it appropriate to prepare the financial statements on a going concern basis.
The financial statements do not include any adjustments that would result from a withdrawal of the support of the directors.