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REGISTERED NUMBER: 04047102 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

KALTZ LTD

KALTZ LTD (REGISTERED NUMBER: 04047102)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


KALTZ LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Mr C Richards
Mr J Wai-Ming Cheung





SECRETARY: Mr C Richards





REGISTERED OFFICE: 2nd Floor
St George's House
2 St George's Road
Bolton
Lancashire
BL1 2EN





REGISTERED NUMBER: 04047102 (England and Wales)





ACCOUNTANTS: SBCA Chartered Accountants
17 Moor Park Avenue
Preston
Lancashire
PR1 6AS

KALTZ LTD (REGISTERED NUMBER: 04047102)

STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,395 3,912

CURRENT ASSETS
Stocks 5 120,433 173,999
Debtors 6 585,331 580,835
705,764 754,834
CREDITORS
Amounts falling due within one year 7 (456,097 ) (396,388 )
NET CURRENT ASSETS 249,667 358,446
TOTAL ASSETS LESS CURRENT LIABILITIES 253,062 362,358

CREDITORS
Amounts falling due after more than
one year

8

(26,663

)

(50,643

)

PROVISIONS FOR LIABILITIES 10 (518 ) (437 )
NET ASSETS 225,881 311,278

CAPITAL AND RESERVES
Called up share capital 11 2,002 2,002
Retained earnings 12 223,879 309,276
SHAREHOLDERS' FUNDS 225,881 311,278

KALTZ LTD (REGISTERED NUMBER: 04047102)

STATEMENT OF FINANCIAL POSITION - continued
31ST DECEMBER 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th June 2024 and were signed on its behalf by:





Mr C Richards - Director


KALTZ LTD (REGISTERED NUMBER: 04047102)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Kaltz Ltd 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

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

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

KALTZ LTD (REGISTERED NUMBER: 04047102)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets:
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future cash flows discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities:
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities:
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future cash flows discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if the payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


KALTZ LTD (REGISTERED NUMBER: 04047102)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 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 statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 15 ) .

KALTZ LTD (REGISTERED NUMBER: 04047102)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st January 2023 37,411 700 15,220 53,331
Additions - 395 1,980 2,375
Disposals (2,843 ) - (7,784 ) (10,627 )
At 31st December 2023 34,568 1,095 9,416 45,079
DEPRECIATION
At 1st January 2023 36,771 700 11,948 49,419
Charge for year 140 49 2,305 2,494
Eliminated on disposal (2,769 ) - (7,460 ) (10,229 )
At 31st December 2023 34,142 749 6,793 41,684
NET BOOK VALUE
At 31st December 2023 426 346 2,623 3,395
At 31st December 2022 640 - 3,272 3,912

5. STOCKS
31.12.23 31.12.22
£    £   
Work-in-progress 120,433 173,999

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 340,900 410,964
Other debtors 244,431 169,871
585,331 580,835

KALTZ LTD (REGISTERED NUMBER: 04047102)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 40,210 38,296
Trade creditors 10,007 11,717
Taxation and social security 156,162 142,447
Other creditors 249,718 203,928
456,097 396,388

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 14,167 24,162
Other creditors 12,496 26,481
26,663 50,643

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 3,978 -

10. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 518 437

Deferred
tax
£   
Balance at 1st January 2023 437
Charge to Statement of Income and Retained Earnings during
year

81
Balance at 31st December 2023 518

KALTZ LTD (REGISTERED NUMBER: 04047102)

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


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
2 Ordinary A £1 2 2
200,000 Class E £0.01 2,000 2,000
2,002 2,002

12. RESERVES
Retained
earnings
£   

At 1st January 2023 309,276
Deficit for the year (17,897 )
Dividends (67,500 )
At 31st December 2023 223,879

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the period advances totalling £126,737 and credits totalling £74,819 were made. At the balance sheet date the total due from the directors amounted to £83,244 (2022; owed to £31,326) with the maximum amount owed during the year being £94,755. Interest has been charged on overdrawn balances at the official rate. Amounts are repayable on demand.