REGISTERED NUMBER: 11370011 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

RED CHILLI (KALA) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M S Alamgir

REGISTERED OFFICE:

1 Langley Court

Pyle Street

Newport

Isle of Wight

PO30 1LA

REGISTERED NUMBER:

11370011 (England and Wales)

ACCOUNTANTS:

Mackenzies

Chartered Accountants

1 Langley Court

Pyle Street

Newport

Isle of Wight

PO30 1LA

FIXED ASSETS

Tangible assets

4

2,765

3,133

CURRENT ASSETS

Debtors

5

17,166

18,642

Cash at bank

405

590

17,571

19,232

CREDITORS

Amounts falling due within one year

6

17,408

13,683

NET CURRENT ASSETS

163

5,549

TOTAL ASSETS LESS CURRENT LIABILITIES

2,928

8,682

CREDITORS

Amounts falling due after more than one year

7

4,000

8,000

NET (LIABILITIES)/ASSETS

(1,072

)

682

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(1,172

)

582

SHAREHOLDERS' FUNDS

(1,072

)

682

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 February 2025 and were signed by:

Mr M S Alamgir - Director

1.	STATUTORY INFORMATION

Red Chilli (Kala) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 June 2023

3,083

4,271

7,354

Additions

475

-

475

At 31 May 2024

3,558

4,271

7,829

DEPRECIATION

At 1 June 2023

1,752

2,469

4,221

Charge for year

392

451

843

At 31 May 2024

2,144

2,920

5,064

NET BOOK VALUE

At 31 May 2024

1,414

1,351

2,765

At 31 May 2023

1,331

1,802

3,133

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

4,958

6,058

Directors' current accounts

12,000

12,100

Tax

208

-

Social security and other tax

-

484

17,166

18,642

Other debtors consists of amount due from M Hossen.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

4,000

4,000

Tax

-

1,641

Social security and other taxes

1,602

-

Wages payable

1,474

-

Other creditors

6,906

4,946

Accrued expenses

3,426

3,096

17,408

13,683

Other creditors consists of amount due to Masala Bay Ltd £4,246 (2023: £4,246) and sundry creditors of £2,660 (2023: £700).

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

4,000

4,000

Bank loans - 2-5 years

-

4,000

4,000

8,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1.00

100

100

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr M S Alamgir.