Company Registration No. 12700887 (England and Wales)
Kaushal Limited
Unaudited accounts
for the year ended 30 June 2024
Kaushal Limited
Unaudited accounts
Contents
Kaushal Limited
Company Information
for the year ended 30 June 2024
Director
Mrs Sandhya Kumar
Company Number
12700887 (England and Wales)
Registered Office
Daniel Consultancy
Morritt House 54-60 Station Approach
South Ruislip
HA4 6SA
United Kingdom
Accountants
Daniel Consultancy
Morritt House
54-60 Station Approach
South Ruislip
Ruislip
HA4 6SA
Kaushal Limited
Accountants' report
Accountants' report to the director of Kaushal Limited on the preparation of the unaudited statutory accounts for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Kaushal Limited for the year ended
30 June 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Kaushal Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Kaushal Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kaushal Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Kaushal Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Kaushal Limited. You consider that Kaushal Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Kaushal Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Daniel Consultancy
Morritt House
54-60 Station Approach
South Ruislip
Ruislip
HA4 6SA
10 March 2025
Kaushal Limited
Statement of financial position
as at 30 June 2024
Investment property
195,700
195,700
Cash at bank and in hand
11,664
7,345
Creditors: amounts falling due within one year
(77,461)
(77,070)
Net current liabilities
(65,542)
(69,391)
Total assets less current liabilities
131,828
127,286
Creditors: amounts falling due after more than one year
(136,583)
(136,359)
Provisions for liabilities
Net liabilities
(4,894)
(9,258)
Called up share capital
100
100
Profit and loss account
(4,994)
(9,358)
Shareholders' funds
(4,894)
(9,258)
For the year ending 30 June 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 her 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 10 March 2025 and were signed on its behalf by
Mrs Sandhya Kumar
Director
Company Registration No. 12700887
Kaushal Limited
Notes to the Accounts
for the year ended 30 June 2024
Kaushal Limited is a private company, limited by shares, registered in England and Wales, registration number 12700887. The registered office is Daniel Consultancy , Morritt House 54-60 Station Approach, South Ruislip, HA4 6SA, United Kingdom.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
25% Reducing Balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Kaushal Limited
Notes to the Accounts
for the year ended 30 June 2024
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
The director is assessing, on a daily basis, the impact of the significant uncertainty arising. Whilst the director appreciates there is a significant uncertainty surrounding the future economic climate, the company is well placed to address these impacts. The director is satisfied that the company will be able to satisfy its financial obligations for at least 12 months from the date of signature of the financial statements, which have been prepared on the going concern basis.
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 July 2023
195,700
Amounts falling due within one year
Accrued income and prepayments
255
334
7
Creditors: amounts falling due within one year
2024
2023
Other creditors
2,143
2,143
Loans from directors
74,958
74,240
Kaushal Limited
Notes to the Accounts
for the year ended 30 June 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
136,583
136,359
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).