Registered number
05821645
Kalexiko Ltd
Filleted Accounts
31 May 2024
Kalexiko Ltd
Registered number: 05821645
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Current assets
Debtors 4 114,342 78,694
Cash at bank and in hand 358 367
114,700 79,061
Creditors: amounts falling due within one year 5 (69,852) (40,803)
Net current assets 44,848 38,258
Total assets less current liabilities 44,848 38,258
Creditors: amounts falling due after more than one year 6 (24,520) (30,447)
Net assets 20,328 7,811
Capital and reserves
Called up share capital 120 120
Profit and loss account 20,208 7,691
Shareholders' funds 20,328 7,811
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.
C Dhillon
Director
Approved by the board on 21 February 2025
Kalexiko Ltd
Notes to the Accounts
for the year ended 31 May 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 and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
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. Where material, 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023 56,531
At 31 May 2024 56,531
Depreciation
At 1 June 2023 56,531
At 31 May 2024 56,531
Net book value
At 31 May 2024 -
4 Debtors 2024 2023
£ £
Trade debtors 86,380 78,694
Other debtors 27,962 -
114,342 78,694
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 26,867 21,720
Taxation and social security costs 42,985 18,203
Other creditors - 880
69,852 40,803
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 24,520 30,447
7 Other information
Kalexiko Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Innovation Birmingham Campus
Icentrum
6 Holt Street
Birmingham
B7 4BP
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