Company Registration No. 09761025 (England and Wales)
KALPIT LTD
Unaudited accounts
for the year ended 30 September 2020
KALPIT LTD
Unaudited accounts
Contents
KALPIT LTD
Company Information
for the year ended 30 September 2020
Company Number
09761025 (England and Wales)
Registered Office
26 A GROUND FLOOR
NORTON ROAD
WEMBLEY
MIDDX
HA0 4RF
ENGLAND
Accountants
Accountax Financial Limited
44A Marlands Road
Clayhall
Ilford
Essex
IG5 0JL
KALPIT LTD
Statement of financial position
as at
30 September 2020
Cash at bank and in hand
23,220
141
Creditors: amounts falling due within one year
(97)
(150)
Net current assets/(liabilities)
25,173
(9)
Total assets less current liabilities
25,387
620
Creditors: amounts falling due after more than one year
(25,000)
-
Called up share capital
1
1
Profit and loss account
386
619
Shareholders' funds
387
620
For the year ending 30 September 2020 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.
The financial statements were approved by the Board and authorised for issue on 28 June 2021 and were signed on its behalf by
Mr Kalpik Singh
Director
Company Registration No. 09761025
KALPIT LTD
Notes to the Accounts
for the year ended 30 September 2020
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 2019
825
1,250
2,075
At 30 September 2020
825
1,250
2,075
At 1 October 2019
547
899
1,446
Charge for the year
165
250
415
At 30 September 2020
712
1,149
1,861
At 30 September 2020
113
101
214
At 30 September 2019
278
351
629
KALPIT LTD
Notes to the Accounts
for the year ended 30 September 2020
5
Debtors: amounts falling due within one year
2020
2019
Debtors: amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
-
129
Loans from directors
97
21
7
Creditors: amounts falling due after more than one year
2020
2019
8
Average number of employees
During the year the average number of employees was 0 (2019: 1).