KOTAK COMMUNICATIONS LTD

Company Registration Number:
12026667 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

KOTAK COMMUNICATIONS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

KOTAK COMMUNICATIONS LTD

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 16,297 20,230
Total fixed assets: 16,297 20,230
Current assets
Debtors:   177,508 129,702
Cash at bank and in hand: 345,890 264,177
Total current assets: 523,398 393,879
Creditors: amounts falling due within one year: 4 (212,232) (93,191)
Net current assets (liabilities): 311,166 300,688
Total assets less current liabilities: 327,463 320,918
Creditors: amounts falling due after more than one year: 5 (18,533) (28,388)
Provision for liabilities: (3,750) (3,750)
Total net assets (liabilities): 305,180 288,780
Capital and reserves
Called up share capital: 200 200
Profit and loss account: 304,980 288,580
Shareholders funds: 305,180 288,780

The notes form part of these financial statements

KOTAK COMMUNICATIONS LTD

Balance sheet statements

For the year ending 31 December 2023 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 September 2024
and signed on behalf of the board by:

Name: Mr R Kotak
Status: Director

The notes form part of these financial statements

KOTAK COMMUNICATIONS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life. Fixtures and fittings-25% on reducing balance basis. Short leasehold - Straight line basis over period of lease.

Other accounting policies

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. 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.

KOTAK COMMUNICATIONS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 35 25

KOTAK COMMUNICATIONS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 34,139
Additions 1,073
At 31 December 2023 35,212
Depreciation
At 01 January 2023 13,909
Charge for year 5,006
At 31 December 2023 18,915
Net book value
At 31 December 2023 16,297
At 31 December 2022 20,230

KOTAK COMMUNICATIONS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

Bank loans and overdraft £11,001 (2022-£11,272) Trade and other creditors £30,817 (2022-£28,827) Taxation and Social Security £170,414 (2022-£53,092)

KOTAK COMMUNICATIONS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due after more than one year note

Bank Loans £18,533 (2022 - £28,388)