Company Registration No. 09761025 (England and Wales)
KALPIT LTD
Unaudited accounts
for the year ended 30 September 2018
KALPIT LTD
Unaudited accounts
Contents
KALPIT LTD
Company Information
for the year ended 30 September 2018
Company Number
09761025 (England and Wales)
Registered Office
26 A GROUND FLOOR
NORTON ROAD
WEMBLEY
MIDDX
HA0 4RF
ENGLAND
Accountants
Accountax Financial Limited
42 Sandyhill Road
Ilford
London
IG1 2ET
KALPIT LTD
Statement of financial position
as at
30 September 2018
Tangible assets
1,044
1,459
Cash at bank and in hand
1,626
151
Creditors: amounts falling due within one year
(2,412)
2,842
Net current (liabilities)/assets
(786)
7,218
Total assets less current liabilities
258
8,677
Creditors: amounts falling due after more than one year
-
(8,497)
Called up share capital
1
1
Profit and loss account
257
179
Shareholders' funds
258
180
For the year ending 30 September 2018 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 director acknowledges his 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.
Approved by the Board on 14 June 2019.
Mr Kalpik Singh
Director
Company Registration No. 09761025
KALPIT LTD
Notes to the Accounts
for the year ended 30 September 2018
KALPIT LTD is a private company, limited by shares, registered in England and Wales, registration number 09761025. The registered office is 26 A GROUND FLOOR, NORTON ROAD, WEMBLEY, MIDDX, HA0 4RF, 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.
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
20% straight line
Computer equipment
20% straight line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2017
825
1,250
2,075
At 30 September 2018
825
1,250
2,075
At 1 October 2017
217
399
616
Charge for the year
165
250
415
At 30 September 2018
382
649
1,031
At 30 September 2018
443
601
1,044
At 30 September 2017
608
851
1,459
KALPIT LTD
Notes to the Accounts
for the year ended 30 September 2018
6
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
788
766
Loans from directors
1,624
(3,758)
7
Creditors: amounts falling due after more than one year
2018
2017
This amount has been invested by director as long term directors loan, which is interest free and subordinate to third party creditors.
8
Average number of employees
During the year the average number of employees was 1 (2017: 1).