1 March 2023 false No description of principal activity Taxfiler 2024.6 07949104business:PrivateLimitedCompanyLtd2023-03-012024-02-29 079491042023-02-28 079491042023-03-012024-02-29 07949104business:AuditExemptWithAccountantsReport2023-03-012024-02-29 07949104business:FilletedAccounts2023-03-012024-02-29 079491042024-02-29 079491042023-02-28 07949104core:WithinOneYear2024-02-29 07949104core:WithinOneYear2023-02-28 07949104core:AfterOneYear2024-02-29 07949104core:AfterOneYear2023-02-28 07949104core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 07949104core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 07949104core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 07949104core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 07949104core:PreviouslyStatedAmount2024-02-29 07949104core:PreviouslyStatedAmount2023-02-28 07949104business:SmallEntities2023-03-012024-02-29 07949104business:Director12023-03-012024-02-29 07949104countries:EnglandWales2023-03-012024-02-29 07949104business:RegisteredOffice2023-03-012024-02-29 07949104core:FurnitureFittings2023-03-012024-02-29 07949104core:Goodwill2023-02-28 07949104core:Goodwill2024-02-29 07949104core:LandBuildings2023-02-28 07949104core:FurnitureFittings2023-02-28 07949104core:LandBuildings2024-02-29 07949104core:FurnitureFittings2024-02-29 07949104core:LandBuildings2023-03-012024-02-29 079491042022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. 07949104 (England and Wales)
Kalia Limited Unaudited accounts for the year ended 29 February 2024
Kalia Limited Unaudited accounts Contents
Page
- 2 -
Kalia Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1 
562 
Current assets
Inventories
24,778 
24,778 
Debtors
8,250 
6,750 
Cash at bank and in hand
21,047 
48,743 
54,075 
80,271 
Creditors: amounts falling due within one year
(23,517)
(38,278)
Net current assets
30,558 
41,993 
Total assets less current liabilities
30,559 
42,555 
Creditors: amounts falling due after more than one year
(28,000)
(42,000)
Net assets
2,559 
555 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
2,459 
455 
Shareholders' funds
2,559 
555 
For the year ending 29 February 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by
M Kalia Director Company Registration No. 07949104
- 3 -
Kalia Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Kalia Limited is a private company, limited by shares, registered in England and Wales, registration number 07949104. The registered office is 45 Canning Road, Harrow, Middx, HA3 7SP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
over 3 years
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
- 4 -
Kalia Limited Notes to the Accounts for the year ended 29 February 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2023
10,000 
At 29 February 2024
10,000 
Amortisation
At 1 March 2023
10,000 
At 29 February 2024
10,000 
Net book value
At 29 February 2024
- 
5
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
1 
15,788 
15,789 
At 29 February 2024
1 
15,788 
15,789 
Depreciation
At 1 March 2023
- 
15,227 
15,227 
Charge for the year
- 
561 
561 
At 29 February 2024
- 
15,788 
15,788 
Net book value
At 29 February 2024
1 
- 
1 
At 28 February 2023
1 
561 
562 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,000 
3,000 
Other debtors
5,250 
3,750 
8,250 
6,750 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
14,000 
14,000 
Trade creditors
3,246 
2,111 
Taxes and social security
1,796 
861 
Loans from directors
3,225 
20,056 
Accruals
1,250 
1,250 
23,517 
38,278 
- 5 -
Kalia Limited Notes to the Accounts for the year ended 29 February 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
28,000 
42,000 
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
- 6 -