Kalglass Ltd - Filleted accounts

Registered number

04345453

Kalglass Ltd

Filleted Accounts

31 December 2024

Kalglass Ltd
Registered number:		04345453
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		55,919			56,021

Current assets
Stocks		10,000			10,000
Debtors	4	286,153			292,353
Cash at bank and in hand		165,979			237,018
		462,132			539,371

Creditors: amounts falling due within one year	5	(293,250)			(305,587)

Net current assets			168,882			233,784

Total assets less current liabilities			224,801			289,805


Provisions for liabilities			(10,000)			(9,740)


Net assets			214,801			280,065

Capital and reserves
Called up share capital			100			100
Profit and loss account			214,701			279,965

Shareholders' funds			214,801			280,065

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.




P Kaloudis
Director
Approved by the board on 15 September 2025

Kalglass Ltd
Notes to the Accounts
for the year ended 31 December 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	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	20% straight line
	Motor vehicles	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.








	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. 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. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	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			11		11









3	Tangible fixed assets	Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 January 2024	175,970		39,442		215,412
	Additions	10,990		-		10,990
	Disposals	(130,459)		-		(130,459)
	At 31 December 2024	56,501		39,442		95,943

	Depreciation
	At 1 January 2024	144,385		15,006		159,391
	Charge for the year	4,983		6,109		11,092
	On disposals	(130,459)		-		(130,459)
	At 31 December 2024	18,909		21,115		40,024

	Net book value
	At 31 December 2024	37,592		18,327		55,919
	At 31 December 2023	31,585		24,436		56,021


4	Debtors			2024		2023
£					£

	Trade debtors			124,332		218,930
	Other taxes and social security			-		15,078
	Prepayments			14,614		11,143
	Other debtors			147,207		47,202
				286,153		292,353


5	Creditors: amounts falling due within one year			2024		2023
£					£

	Trade creditors			58,203		51,919
	Deferred income			154,486		175,080
	Taxation and social security costs			69,366		67,144
	Accruals			1,600		1,600
	Other creditors			9,595		9,844
				293,250		305,587

6	Other information

	Kalglass Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 3 Weydown Road Industrial Estate
	Haslemere
	Surrey
	GU27 1DW