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REGISTERED NUMBER: 03811547 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

KALEX LIMITED

KALEX LIMITED (REGISTERED NUMBER: 03811547)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


KALEX LIMITED (REGISTERED NUMBER: 03811547)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 46,743 -
Tangible assets 5 12,456 23,074
59,199 23,074

CURRENT ASSETS
Debtors 6 210,795 127,841
Cash at bank and in hand 52,771 50,148
263,566 177,989
CREDITORS
Amounts falling due within one year 7 277,829 127,211
NET CURRENT (LIABILITIES)/ASSETS (14,263 ) 50,778
TOTAL ASSETS LESS CURRENT LIABILITIES 44,936 73,852

CREDITORS
Amounts falling due after more than
one year

8

(18,500

)

(33,304

)

PROVISIONS FOR LIABILITIES (2,367 ) (6,298 )
NET ASSETS 24,069 34,250

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 24,067 34,248
24,069 34,250

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

KALEX LIMITED (REGISTERED NUMBER: 03811547)

BALANCE SHEET - continued
31 AUGUST 2023


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 Board of Directors and authorised for issue on 8 February 2024 and were signed on its behalf by:





I Bailey - Director


KALEX LIMITED (REGISTERED NUMBER: 03811547)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023


1. STATUTORY INFORMATION

Kalex Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03811547

Registered office: The Mill House
Albury Road
Little Hadham
Ware
Hertfordshire
SG11 2DQ

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, the intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software will be amortised evenly over its estimated useful life of 5 years once the programme has been fully developed..

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 machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.


KALEX LIMITED (REGISTERED NUMBER: 03811547)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


2. ACCOUNTING POLICIES - continued
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.

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.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 46,743
At 31 August 2023 46,743
NET BOOK VALUE
At 31 August 2023 46,743

KALEX LIMITED (REGISTERED NUMBER: 03811547)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022 32,022 20,750 - 52,772
Additions - - 2,567 2,567
At 31 August 2023 32,022 20,750 2,567 55,339
DEPRECIATION
At 1 September 2022 24,187 5,511 - 29,698
Charge for year 7,837 5,188 160 13,185
At 31 August 2023 32,024 10,699 160 42,883
NET BOOK VALUE
At 31 August 2023 (2 ) 10,051 2,407 12,456
At 31 August 2022 7,835 15,239 - 23,074

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 201,051 104,167
Other debtors 9,744 23,674
210,795 127,841

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,615 9,615
Hire purchase contracts 4,129 4,394
Trade creditors 105,306 39,580
Taxation and social security 43,677 51,284
Other creditors 115,102 22,338
277,829 127,211

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 18,500 28,266
Hire purchase contracts - 5,038
18,500 33,304

KALEX LIMITED (REGISTERED NUMBER: 03811547)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


9. RELATED PARTY DISCLOSURES

Dividends paid to I Bailey, director, and a close family member in their capacity as shareholders did not take any dividends during the year. (2022 - £60,600).

During the year I Bailey, director, lent the company money. There is no fixed repayment date and no interest is charged. The amount due to the director is £89,771 (2022 - £66).

The directors of Kalex Limited are also directors of Waste Assess Limited. The transactions during the year were charged at market rate and consisted of:
Intercompany sales of (£11,076).
Intercompany purchases of £50,064.
At the year end the loan amount owed to Kalex Limited by Waste Assess Limited was £39,527. (2022 - £14,331)

10. ULTIMATE CONTROLLING PARTY

The controlling party is I Bailey.

The ultimate controlling party is I Bailey.

During the period ending 31 August 2023 I Bailey, the director and Mrs J Bailey controlled the company by virtue of a controlling interest in 100% of the issued ordinary share capital.