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REGISTERED NUMBER: 07987447 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Kalpana Enterprise Limited
Trading as
"Kalpana Sarees"

Kalpana Enterprise Limited (Registered number: 07987447)
Trading as "Kalpana Sarees"






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Kalpana Enterprise Limited
Trading as "Kalpana Sarees"

Company Information
for the Year Ended 31 March 2023







DIRECTOR: N Chauhan





REGISTERED OFFICE: 162 Ealing Road
Wembley
Middlesex
HA0 4QD





REGISTERED NUMBER: 07987447 (England and Wales)






Kalpana Enterprise Limited (Registered number: 07987447)
Trading as "Kalpana Sarees"

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,104 11,446

CURRENT ASSETS
Stocks 36,500 18,500
Debtors 5 40,118 38,805
Cash at bank and in hand 100,488 38,014
177,106 95,319
CREDITORS
Amounts falling due within one year 6 136,869 71,506
NET CURRENT ASSETS 40,237 23,813
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,341

35,259

CREDITORS
Amounts falling due after more than one
year

7

(37,519

)

(31,666

)

PROVISIONS FOR LIABILITIES (1,920 ) (2,175 )
NET ASSETS 10,902 1,418

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 10,802 1,318
SHAREHOLDERS' FUNDS 10,902 1,418

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 26 December 2023 and were signed by:





N Chauhan - Director


Kalpana Enterprise Limited (Registered number: 07987447)
Trading as "Kalpana Sarees"

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Kalpana Enterprise 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and Equipment - 20% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

Kalpana Enterprise Limited (Registered number: 07987447)
Trading as "Kalpana Sarees"

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
Equipment fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 1,800 30,923 2,828 35,551
Additions - - 1,008 1,008
At 31 March 2023 1,800 30,923 3,836 36,559
DEPRECIATION
At 1 April 2022 1,800 20,373 1,932 24,105
Charge for year - 1,583 767 2,350
At 31 March 2023 1,800 21,956 2,699 26,455
NET BOOK VALUE
At 31 March 2023 - 8,967 1,137 10,104
At 31 March 2022 - 10,550 896 11,446

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 40,118 38,805

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 75,306 10,000
Trade creditors 7,907 11,596
Taxation and social security 14,827 13,159
Other creditors 38,829 36,751
136,869 71,506

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 37,519 31,666

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2022 1,318
Profit for the year 39,484
Dividends (30,000 )
At 31 March 2023 10,802

Kalpana Enterprise Limited (Registered number: 07987447)
Trading as "Kalpana Sarees"

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

10. RELATED PARTY DISCLOSURES

At the year end the company was owed £39,676 (2022 - £38,376) by Asonbuy Limited (Company Registration Number: 10999324), a company in which Mr Neil Chauhan is the sole director and the only shareholder.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N Chauhan.