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Registered number: 08862742
Kalu Foods Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Greenwood & Co Limited
Chartered Certified Accountants
41 Derwent Gardens
Redbridge
Ilford
Essex
IG4 5NA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08862742
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 5,284 7,045
5,284 7,045
CURRENT ASSETS
Stocks 6 50,000 75,000
Debtors 7 6,913 6,698
Cash at bank and in hand 24,518 19,873
81,431 101,571
Creditors: Amounts Falling Due Within One Year 8 (48,728 ) (66,024 )
NET CURRENT ASSETS (LIABILITIES) 32,703 35,547
TOTAL ASSETS LESS CURRENT LIABILITIES 37,987 42,592
Creditors: Amounts Falling Due After More Than One Year 9 (12,889 ) (23,186 )
NET ASSETS 25,098 19,406
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 24,998 19,306
SHAREHOLDERS' FUNDS 25,098 19,406
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr T Yokanathan
Director
14/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Kalu Foods Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08862742 . The registered office is 43-45 Berry Street, Coventry, CV1 5JT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Straight line over life of lease
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 2)
3 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 35,000
As at 31 January 2024 35,000
Amortisation
As at 1 February 2023 35,000
As at 31 January 2024 35,000
Net Book Value
As at 31 January 2024 -
As at 1 February 2023 -
Page 3
Page 4
5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 February 2023 1,176 12,250 16,653 30,079
As at 31 January 2024 1,176 12,250 16,653 30,079
Depreciation
As at 1 February 2023 1,176 8,374 13,484 23,034
Provided during the period - 969 792 1,761
As at 31 January 2024 1,176 9,343 14,276 24,795
Net Book Value
As at 31 January 2024 - 2,907 2,377 5,284
As at 1 February 2023 - 3,876 3,169 7,045
6. Stocks
2024 2023
£ £
Stock 50,000 75,000
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 6,913 6,698
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 3,321
Bank loans and overdrafts 12,570 23,088
Other creditors 28,015 27,843
Taxation and social security 8,143 11,772
48,728 66,024
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,889 23,186
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4