Company Registration No. SC425118 (Scotland)
Kaali Enterprises Ltd.
Unaudited accounts
for the year ended 31 May 2024
Kaali Enterprises Ltd.
Unaudited accounts
Contents
Kaali Enterprises Ltd.
Company Information
for the year ended 31 May 2024
Company Number
SC425118 (Scotland)
Registered Office
Gurkha Restaurant
25-27 Cockburn Street
EDINBURGH
Midlothian
EH1 1BP
Scotland
Kaali Enterprises Ltd.
Statement of financial position
as at 31 May 2024
Tangible assets
27,609
23,274
Cash at bank and in hand
52,316
60,452
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)
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
Kaali Enterprises Ltd.
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 May 2024
15,920
58,129
74,049
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
At 31 May 2024
2,383
25,226
27,609
At 31 May 2023
3,177
20,097
23,274
Kaali Enterprises Ltd.
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,679
10,928
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
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 15 (2023: 10).