KAALEE TRAINING C.I.C.

Company limited by guarantee

Company Registration Number:
13403264 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

KAALEE TRAINING C.I.C.

Contents of the Financial Statements

for the Period Ended 31 May 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

KAALEE TRAINING C.I.C.

Directors' report period ended 31 May 2024

The directors present their report with the financial statements of the company for the period ended 31 May 2024

Principal activities of the company

Sports and recreation education



Directors

The directors shown below have held office during the whole of the period from
1 June 2023 to 31 May 2024

B K Kala-Lee
N K Kala-Lee
PAPACOSTAS Lydia Rose
Hamza RANJHA


Secretary Kiran Kala

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
12 February 2025

And signed on behalf of the board by:
Name: B K Kala-Lee
Status: Director

KAALEE TRAINING C.I.C.

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 70,408 44,944
Cost of sales: ( 59,475 ) ( 38,178 )
Gross profit(or loss): 10,933 6,766
Distribution costs: 0 0
Administrative expenses: ( 8,333 ) ( 8,532 )
Other operating income: 0 0
Operating profit(or loss): 2,600 (1,766)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 2,600 (1,766)
Tax: ( 114 ) 0
Profit(or loss) for the financial year: 2,486 (1,766)

KAALEE TRAINING C.I.C.

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors:   0
Cash at bank and in hand: 4,616 2,019
Investments:   0 0
Total current assets: 4,616 2,019
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 3 ( 1,152 ) ( 1,038 )
Net current assets (liabilities): 3,464 981
Total assets less current liabilities: 3,464 981
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 3,464 981
Members' funds
Profit and loss account: 3,464 981
Total members' funds: 3,464 981

The notes form part of these financial statements

KAALEE TRAINING C.I.C.

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 12 February 2025
and signed on behalf of the board by:

Name: B K Kala-Lee
Status: Director

The notes form part of these financial statements

KAALEE TRAINING C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

KAALEE TRAINING C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

KAALEE TRAINING C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 0 0
Taxation and social security 114 0
Accruals and deferred income 0 0
Other creditors 1,038 1,038
Total 1,152 1,038

COMMUNITY INTEREST ANNUAL REPORT

KAALEE TRAINING C.I.C.

Company Number: 13403264 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

The company and projects has been developed over 3 years with extensive community consultation and involvement. I-Pads containing music production software were distributed to young people to reduce the negative impact of social isolation. Zoom meetings were provided to support learning. After Covid restrictions were lifted; young people were cautious about returning to the youth club and feedback showed they wanted to attend a provision that was more bespoke to suit their learning needs as experienced on Zoom. 3 organisations were consulted and chats led by young people with 15 participants were held in designing the project. Organisations involved: Waltham Forest Council, West King College and Joseph Clarkes School. Since 2021 the company have helped 60+ youth receive Music Production and Performance qualifications. 20+ youth work experience opportunities and 4 youth have been employed by Kaalee Training C.I.C.

Consultation with stakeholders

Monitoring has been built into progress reviews and was given quarterly to partner organisations; ensuring the right content is being delivered and adjustments made if required. Individuals have given feedback if they would prefer more activity that is accessible (in terms of location and hours) and provides opportunity for growth. This was done by evaluation questionnaires. The feedback informed our organisation that young people between 16-21 would prefer workshops taught by active musicians in a music studio as opposed to traditional music lessons.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
12 February 2025

And signed on behalf of the board by:
Name: KALA-LEE, Bhumeet Kumar
Status: Director