Company Registration No. 14195220 (England and Wales)
Kalana Ltd
Unaudited accounts
for the year ended 30 June 2024
Kalana Ltd
Unaudited accounts
Contents
Kalana Ltd
Company Information
for the year ended 30 June 2024
Directors
BURUGULA, Lakshmi Narasimha Rao
AVUDARI, Poornima
Company Number
14195220 (England and Wales)
Registered Office
51 Silverthorne Drive
Caversham
Reading
RG4 7NR
England
Accountants
Tally Tally Accountants
79 College Road
Harrow
HA1 1BD
Kalana Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
136,470
143,151
Cash at bank and in hand
21,402
45,470
Creditors: amounts falling due within one year
(112,167)
(118,190)
Net current liabilities
(22,325)
(28,672)
Total assets less current liabilities
114,145
114,479
Creditors: amounts falling due after more than one year
(183,312)
(194,163)
Net liabilities
(69,167)
(79,684)
Called up share capital
2
2
Profit and loss account
(69,169)
(79,686)
Shareholders' funds
(69,167)
(79,684)
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 directors acknowledge their 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 of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by
BURUGULA, Lakshmi Narasimha Rao
Director
Company Registration No. 14195220
Kalana Ltd
Notes to the Accounts
for the year ended 30 June 2024
Kalana Ltd is a private company, limited by shares, registered in England and Wales, registration number 14195220. The registered office is 51 Silverthorne Drive, Caversham, Reading, RG4 7NR, England.
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.
The financial statements have been prepared on a going concern basis, which is dependent upon the company's directors continuing to provide the necessary financial facilities, to enable the company to continue in operation for the foreseeable future.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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% RB
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Kalana Ltd
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 July 2023
115,000
37,535
152,535
At 30 June 2024
115,000
38,011
153,011
At 1 July 2023
-
9,384
9,384
Charge for the year
-
7,157
7,157
At 30 June 2024
-
16,541
16,541
At 30 June 2024
115,000
21,470
136,470
At 30 June 2023
115,000
28,151
143,151
Amounts falling due within one year
Trade debtors
29,224
20,698
Accrued income and prepayments
7,924
-
Other debtors
14,750
14,750
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
80,584
104,427
Taxes and social security
804
-
Other creditors
11,873
4,690
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
183,312
194,163
8
Transactions with related parties
At the year-end date, the directors have a credit balance of £183,312 (2023 £194,163) on their current account, and this amount is included in creditors payable more than one year.
9
Average number of employees
During the year the average number of employees was 9 (2023: 5).