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REGISTERED NUMBER: 08423115 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

KALLUM'S LIMITED

KALLUM'S LIMITED (REGISTERED NUMBER: 08423115)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KALLUM'S LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: M Kallum





REGISTERED OFFICE: 100 Lower Richmond Road
London
SW15 1LN





REGISTERED NUMBER: 08423115 (England and Wales)





ACCOUNTANTS: Murugesu Associates
Accountants
77 Milson Road
West Kensington
London
W14 0LH

KALLUM'S LIMITED (REGISTERED NUMBER: 08423115)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,421 39,170

CURRENT ASSETS
Stocks 5 330,000 190,000
Debtors 6 5,550 5,550
Cash at bank and in hand 467,278 348,836
802,828 544,386
CREDITORS
Amounts falling due within one year 7 641,434 413,201
NET CURRENT ASSETS 161,394 131,185
TOTAL ASSETS LESS CURRENT
LIABILITIES

192,815

170,355

CREDITORS
Amounts falling due after more than one year 8 - 5,136
NET ASSETS 192,815 165,219

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 192,814 165,218
SHAREHOLDERS' FUNDS 192,815 165,219

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 7 November 2023 and were signed by:





M Kallum - Director


KALLUM'S LIMITED (REGISTERED NUMBER: 08423115)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Kallum's Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 13 ) .

KALLUM'S LIMITED (REGISTERED NUMBER: 08423115)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022
and 28 February 2023 8,170 9,220 36,145 5,703 59,238
DEPRECIATION
At 1 March 2022 - 7,151 9,036 3,881 20,068
Charge for year - 517 6,777 455 7,749
At 28 February 2023 - 7,668 15,813 4,336 27,817
NET BOOK VALUE
At 28 February 2023 8,170 1,552 20,332 1,367 31,421
At 28 February 2022 8,170 2,069 27,109 1,822 39,170

5. STOCKS
2023 2022
£    £   
Work-in-progress 330,000 190,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 5,550 5,550

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 26,643
Trade creditors 375,942 333,146
Taxation 12,679 14,556
Social security and other taxes 12,656 -
Pension payable 2,390 1,728
VAT 52,798 30,528
Other creditors 181,369 -
Directors' current accounts - 2,600
Accruals 3,600 4,000
641,434 413,201

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years - 5,136