Kala Enterprises Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03076021 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2019

for

Kala Enterprises Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K Sohanpal

Miss M Sohanpal

SECRETARY:

Miss M Sohanpal

REGISTERED OFFICE:

8b Accomodation Road

London

NW11 8ED

REGISTERED NUMBER:

03076021 (England and Wales)

ACCOUNTANTS:

Faiz & Co Limited

Chartered Accountants

8b Accommodation Road

London

NW11 8ED

FIXED ASSETS

Tangible assets

3

1

1

CURRENT ASSETS

Debtors

4

1,617

1,617

Cash at bank

4,114

5,028

5,731

6,645

CREDITORS

Amounts falling due within one year

5

4,645

5,301

NET CURRENT ASSETS

1,086

1,344

TOTAL ASSETS LESS CURRENT LIABILITIES

1,087

1,345

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,085

1,343

SHAREHOLDERS' FUNDS

1,087

1,345

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 November 2019 and were signed on its behalf by:

Miss M Sohanpal - Director

1.	STATUTORY INFORMATION

Kala Enterprises Limited is a private company, limited by shares ,

registered in England and Wales. The company's registered number and

registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or

receivable, excluding discounts, rebates, value added tax and other sales

taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised

in the Income Statement, except to the extent that it relates to items

recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates

and laws that have been enacted or substantively enacted by the balance

sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have

originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax

assessments in periods different from those in which they are recognised in

financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that

are expected to apply to the reversal of the timing difference.

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.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2018

and 28 February 2019

1,239

DEPRECIATION

At 1 March 2018

and 28 February 2019

1,238

NET BOOK VALUE

At 28 February 2019

1

At 28 February 2018

1

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/19

28/2/18

£

£

Other debtors

1,617

1,617

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/19

28/2/18

£

£

Trade creditors

1

-

Taxation and social security

4,644

5,301

4,645

5,301

6.	POST BALANCE SHEET EVENTS

There is no significant event after the year end.

7.	ULTIMATE CONTROLLING PARTY