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Registered number: 10171669
KALP ENTERPRISES LTD
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: 10171669
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 882 1,102
882 1,102
CURRENT ASSETS
Debtors 3,723 15,442
Cash at bank and in hand 67,047 65,911
70,770 81,353
Creditors: Amounts Falling Due Within One Year (51,622 ) (62,458 )
NET CURRENT ASSETS (LIABILITIES) 19,148 18,895
TOTAL ASSETS LESS CURRENT LIABILITIES 20,030 19,997
NET ASSETS 20,030 19,997
CAPITAL AND RESERVES
Called up share capital 4 1 1
Profit and Loss Account 20,029 19,996
SHAREHOLDERS' FUNDS 20,030 19,997
Page 1
Page 2
For the year ending 31 May 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 her 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
Mrs Sushma C Dhake
Director
10th January 2025
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
KALP ENTERPRISES LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10171669 . The registered office is 121 Crowshott Avenue, Stanmore, Middlesex, HA7 2PB.
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
5. Ultimate Controlling Party
The company's ultimate controlling party is Mrs Sushma C Dhake by virtue of her ownership of 100% of the issued share capital in the company.
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