Kali-Ma Designs Limited - Filleted accounts

Registered number

03633449

Kali-Ma Designs Limited

Unaudited Filleted Accounts

31 March 2025

Kali-Ma Designs Limited
Registered number:		03633449
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		473,550			8,289

Current assets
Stocks		446,105			442,135
Debtors	4	75,212			253,567
Cash at bank and in hand		84,089			94,347
		605,406			790,049

Creditors: amounts falling due within one year	5	(125,435)			(111,644)

Net current assets			479,971			678,405

Total assets less current liabilities			953,521			686,694

Creditors: amounts falling due after more than one year	6		(289,172)			(23,254)

Provisions for liabilities			(2,072)			(2,072)


Net assets			662,277			661,368

Capital and reserves
Called up share capital			2			2
Profit and loss account			662,275			661,366

Shareholder's funds			662,277			661,368

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.




Mrs. E. C. Sklar
Director
Approved by the board on 8 December 2025

Kali-Ma Designs Limited
Notes to the Accounts
for the year ended 31 March 2025


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:

	Freehold buildings			over 50 years
	Plant and machinery			15% reducing balance
	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.

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					9		9


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	-		41,826		24,910		66,736
	Additions	466,947		-		-		466,947
	At 31 March 2025	466,947		41,826		24,910		533,683

	Depreciation
	At 1 April 2024	-		37,970		20,477		58,447
	Charge for the year	-		578		1,108		1,686
	At 31 March 2025	-		38,548		21,585		60,133

	Net book value
	At 31 March 2025	466,947		3,278		3,325		473,550
	At 31 March 2024	-		3,856		4,433		8,289


4	Debtors					2025		2024
£							£

	Trade debtors					69,733		77,224
	Other debtors					5,479		176,343
						75,212		253,567


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					20,023		8,333
	Trade creditors					19,367		9,427
	Directors loan account					31,026		-
	Taxation and social security costs					48,174		78,799
	Other creditors					6,845		15,085
						125,435		111,644


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					289,172		20,000
	Other creditors					-		3,254
						289,172		23,254


7	Controlling party

	The ultimate controlling party is Mrs. E. C. Sklar who owns the whole of the share capital.


8	Other information

	Kali-Ma Designs Limited is a private company limited by shares and incorporated in England. Its registered office is:
	30 Newton Road
	Kingskerswell
	Newton Abbot
	Devon
	TQ12 5AG