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REGISTERED NUMBER: 01782572 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Kamal Electronics Limited

Kamal Electronics Limited (Registered number: 01782572)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kamal Electronics Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: H Sahota
Mrs H Sahota





SECRETARY: Mrs H Sahota





REGISTERED OFFICE: 273 Great West Road
Hounslow
Middlesex
TW5 0DE





REGISTERED NUMBER: 01782572 (England and Wales)





ACCOUNTANTS: Business Ledger Limited
Chartered Certified Accountants
3 Waterside Drive
Langley
Berkshire
SL3 6EZ

Kamal Electronics Limited (Registered number: 01782572)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 427 332

CURRENT ASSETS
Debtors 5 39,961 17,168
Cash at bank and in hand 19,643 50,852
59,604 68,020
CREDITORS
Amounts falling due within one year 6 28,777 38,972
NET CURRENT ASSETS 30,827 29,048
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,254

29,380

PROVISIONS FOR LIABILITIES 81 81
NET ASSETS 31,173 29,299

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 31,171 29,297
SHAREHOLDERS' FUNDS 31,173 29,299

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

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

Kamal Electronics Limited (Registered number: 01782572)

Balance Sheet - continued
31 December 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 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 25 September 2024 and were signed on its behalf by:





H Sahota - Director


Kamal Electronics Limited (Registered number: 01782572)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Kamal Electronics 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, which excludes value added tax, represents the invoiced value of work, adjusted to reflect the policy of income recognition as detailed below.

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 etc - 25% on reducing balance

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 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.

Income recognition
Revenue is recognised in accordance with UITF40 'Revenue recognition and service contracts' under which the revenue and profit are reflected in the accounts as the right to consideration is earned.

Accrued income
For all unbilled work at the balance sheet date accrued income is valued to reflect the proportion of the consideration due to the extent that the performance has been completed or partially completed.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

Kamal Electronics Limited (Registered number: 01782572)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 8,058
Additions 237
At 31 December 2023 8,295
DEPRECIATION
At 1 January 2023 7,726
Charge for year 142
At 31 December 2023 7,868
NET BOOK VALUE
At 31 December 2023 427
At 31 December 2022 332

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 34,479 16,418
Other debtors 5,482 750
39,961 17,168

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors - (2 )
Taxation and social security 4,570 8,253
Other creditors 24,207 30,721
28,777 38,972

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 (2022 - £4,000) were paid to the directors .

At the year end, the company owed the director £22,407 (2022 - £29,821). The loan is interest free and repayable on demand.