Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31No description of principal activitytruefalse2022-12-0930trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14532385 2022-12-08 14532385 2022-12-09 2023-12-31 14532385 2022-01-01 2022-12-08 14532385 2023-12-31 14532385 c:Director1 2022-12-09 2023-12-31 14532385 d:CurrentFinancialInstruments 2023-12-31 14532385 d:Non-currentFinancialInstruments 2023-12-31 14532385 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14532385 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 14532385 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-12-31 14532385 d:ShareCapital 2023-12-31 14532385 d:RetainedEarningsAccumulatedLosses 2023-12-31 14532385 c:FRS102 2022-12-09 2023-12-31 14532385 c:AuditExempt-NoAccountantsReport 2022-12-09 2023-12-31 14532385 c:FullAccounts 2022-12-09 2023-12-31 14532385 c:PrivateLimitedCompanyLtd 2022-12-09 2023-12-31 14532385 e:PoundSterling 2022-12-09 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 14532385









KAL INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
KAL INVESTMENTS LIMITED
REGISTERED NUMBER: 14532385

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2023
Note
£
£

  

Current assets
  

Stocks
  
3,803,699

Debtors: amounts falling due within one year
 4 
25,816

Cash at bank and in hand
 5 
18,266

  
3,847,781

Creditors: amounts falling due within one year
 6 
(1,109,100)

Net current assets
  
 
 
2,738,681

Total assets less current liabilities
  
2,738,681

Creditors: amounts falling due after more than one year
 7 
(2,754,247)

  

Net (liabilities)/assets
  
(15,566)


Capital and reserves
  

Called up share capital 
  
3

Profit and loss account
  
(15,569)

  
(15,566)


Page 1

 
KAL INVESTMENTS LIMITED
REGISTERED NUMBER: 14532385
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 January 2025.




A M Everitt
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
KAL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

KAL Investment Limited is a private company, limited by shrares, domiciled in England and Wales,
registration number 14532385. The registered office is Haslers Hawke House, Old Station Road, Loughton, Essex, United Kingdom, IG10 4PL. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
KAL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Page 4

 
KAL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)


Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees




The average monthly number of employees, including directors, during the period was 3.


4.


Debtors

2023
£


Other debtors
8,987

Prepayments and accrued income
16,829

25,816


Page 5

 
KAL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

5.


Cash and cash equivalents

2023
£

Cash at bank and in hand
18,266

18,266



6.


Creditors: Amounts falling due within one year

2023
£

Other loans
62,102

Trade creditors
52,635

Other creditors
990,918

Accruals and deferred income
3,445

1,109,100



7.


Creditors: Amounts falling due after more than one year

2023
£

Bank loans
2,754,247

2,754,247


Page 6

 
KAL INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
£

Amounts falling due within one year

Other loans
62,102


62,102



Amounts falling due after more than 5 years

Bank loans
2,754,247

2,754,247

2,816,349


 
Page 7