Abbreviated Company Accounts - KARABAR LTD

06690450 KARABAR LTD 2014-03-31 false 2013-04-01 2014-03-31 true 06690450 2013-04-01 2014-03-31 06690450 2014-03-31 06690450 2013-03-31 06690450 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 06690450 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 06690450

KARABAR LTD

Abbreviated Accounts

31 March 2014

KARABAR LTD Registered Number 06690450

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	147,073	75,459
		147,073	75,459
Current assets
Stocks		705,000	720,000
Debtors		90,479	16,559
Cash at bank and in hand		8,818	4,875
		804,297	741,434
Creditors: amounts falling due within one year		(616,230)	(683,544)
Net current assets (liabilities)		188,067	57,890
Total assets less current liabilities		335,140	133,349
Total net assets (liabilities)		335,140	133,349
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		335,139	133,348
Shareholders' funds		335,140	133,349

For the year ending 31 March 2014 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 29 December 2014

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 2014

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 2013	106,028
Additions	89,575
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	195,603
Depreciation
At 1 April 2013	30,569
Charge for the year	17,961
On disposals	-
At 31 March 2014	48,530
Net book values
At 31 March 2014	147,073
At 31 March 2013	75,459

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1 Ordinary shares of £1 each	1	1