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Company Registration No. SC425118 (Scotland)
Kaali Enterprises Ltd. Unaudited accounts for the year ended 31 May 2024
Kaali Enterprises Ltd. Unaudited accounts Contents
Page
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Kaali Enterprises Ltd. Company Information for the year ended 31 May 2024
Director
Dhan Bahadur KC
Company Number
SC425118 (Scotland)
Registered Office
Gurkha Restaurant 25-27 Cockburn Street EDINBURGH Midlothian EH1 1BP Scotland
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Kaali Enterprises Ltd. Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
27,609 
23,274 
Current assets
Inventories
11,000 
9,500 
Debtors
3,500 
2,498 
Cash at bank and in hand
52,316 
60,452 
66,816 
72,450 
Creditors: amounts falling due within one year
(78,146)
(74,245)
Net current liabilities
(11,330)
(1,795)
Total assets less current liabilities
16,279 
21,479 
Creditors: amounts falling due after more than one year
(11,035)
(19,006)
Net assets
5,244 
2,473 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
5,234 
2,463 
Shareholders' funds
5,244 
2,473 
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 members have 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 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 and authorised for issue on 2 January 2025 and were signed on its behalf by
Dhan Bahadur KC Director Company Registration No. SC425118
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Kaali Enterprises Ltd. Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Kaali Enterprises Ltd. is a private company, limited by shares, registered in Scotland, registration number SC425118. The registered office is Gurkha Restaurant, 25-27 Cockburn Street , EDINBURGH, Midlothian, EH1 1BP, Scotland.
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
These financial statements for the year ended 31 May 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
15% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
15,920 
48,548 
64,468 
Additions
- 
9,581 
9,581 
At 31 May 2024
15,920 
58,129 
74,049 
Depreciation
At 1 June 2023
12,743 
28,451 
41,194 
Charge for the year
794 
4,452 
5,246 
At 31 May 2024
13,537 
32,903 
46,440 
Net book value
At 31 May 2024
2,383 
25,226 
27,609 
At 31 May 2023
3,177 
20,097 
23,274 
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Kaali Enterprises Ltd. Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,500 
2,498 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,679 
10,928 
VAT
27,572 
21,782 
Trade creditors
6,077 
11,472 
Taxes and social security
5,095 
8,463 
Other creditors
26,723 
21,472 
Loans from directors
2,000 
128 
78,146 
74,245 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,035 
19,006 
8
Average number of employees
During the year the average number of employees was 15 (2023: 10).
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