Company Registration No. 14564055 (England and Wales)
Kalsi Building Designs Ltd
Unaudited accounts
for the year ended 31 December 2024
Kalsi Building Designs Ltd
Unaudited accounts
Contents
Kalsi Building Designs Ltd
Company Information
for the year ended 31 December 2024
Directors
Resham Kaur Kalsi
Jeet Kumar Kalsi
Company Number
14564055 (England and Wales)
Registered Office
2 Coalway Road
Wolverhampton
WV3 7LR
Accountants
Nellys Accountants Ltd
71 Woodland Avenue
Tettenhall Wood
Wolverhampton
West Midlands
WV6 8ND
Kalsi Building Designs Ltd
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
36,553
25,230
Creditors: amounts falling due within one year
(34,057)
(20,276)
Net current assets
19,997
19,509
Total assets less current liabilities
20,657
20,829
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
20,557
20,456
Shareholders' funds
20,657
20,556
For the year ending 31 December 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 27 December 2025 and were signed on its behalf by
Jeet Kumar Kalsi
Director
Company Registration No. 14564055
Kalsi Building Designs Ltd
Notes to the Accounts
for the year ended 31 December 2024
Kalsi Building Designs Ltd is a private company, limited by shares, registered in England and Wales, registration number 14564055. The registered office is 2 Coalway Road, Wolverhampton, WV3 7LR.
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:
Computer equipment
33% straight line
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.
Kalsi Building Designs Ltd
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
16,275
13,825
Accrued income and prepayments
1,226
730
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
13,860
8,342
Other creditors
1,934
1,402
Loans from directors
17,717
9,872
7
Deferred taxation
2024
2023
Accelerated capital allowances
-
273
Provision at start of year
273
-
(Credited)/charged to the profit and loss account
(273)
273
Provision at end of year
-
273
Kalsi Building Designs Ltd
Notes to the Accounts
for the year ended 31 December 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).