Registered number
14470111
KALSI CARE AND COMPANY LIMITED
Unaudited Filleted Accounts
31 March 2024
Ward Divecha Ltd
29 Welbeck Street
W1G 8DA
KALSI CARE AND COMPANY LIMITED
Registered number: 14470111
Balance Sheet
as at 31 March 2024
Notes 2024
£
Fixed assets
Tangible assets 3 12,370
Current assets
Debtors 4 29,453
Cash at bank and in hand 5,579
35,032
Creditors: amounts falling due within one year 5 (23,518)
Net current assets 11,514
Net assets 23,884
Capital and reserves
Called up share capital 300
Profit and loss account 23,584
Shareholders' funds 23,884
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Amrit Bansal
Director
Approved by the board on 20 January 2025
KALSI CARE AND COMPANY LIMITED
Notes to the Accounts
for the period from 8 November 2022 to 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts.Turnover includes revenue earned from the 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024
Number
Average number of persons employed by the company 16
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 12,370
At 31 March 2024 12,370
Depreciation
At 31 March 2024 -
Net book value
At 31 March 2024 12,370
4 Debtors 2024
£
Prepayments 18,410
Other debtors 11,043
29,453
5 Creditors: amounts falling due within one year 2024
£
Taxation and social security costs 4,135
Director Account 222
Other creditors 19,161
23,518
6 Other information
KALSI CARE AND COMPANY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
138 Henley Road
Ilford
IG1 2TS
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