Abbreviated Company Accounts - KALA ENTERPRISES LIMITED

Abbreviated Company Accounts - KALA ENTERPRISES LIMITED

KALA ENTERPRISES LIMITED - Company Information

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Registered Number 03076021

KALA ENTERPRISES LIMITED

Abbreviated Accounts

28 February 2015

KALA ENTERPRISES LIMITED Registered Number 03076021

Abbreviated Balance Sheet as at 28 February 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 1 1
1 1
Current assets
Debtors 633 633
Cash at bank and in hand 6,794 8,652
7,427 9,285
Creditors: amounts falling due within one year (7,325) (8,696)
Net current assets (liabilities) 102 589
Total assets less current liabilities 103 590
Total net assets (liabilities) 103 590
Capital and reserves
Called up share capital 2 2
Profit and loss account 101 588
Shareholders' funds 103 590
  • For the year ending 28 February 2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 November 2015

And signed on their behalf by:
Miss M Sohanpal, Director

KALA ENTERPRISES LIMITED Registered Number 03076021

Notes to the Abbreviated Accounts for the period ended 28 February 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible assets depreciation policy
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

Other accounting policies
DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
Dividends of £10,000 were paid for the period.

2Tangible fixed assets
£
Cost
At 1 March 2014 1,239
Additions -
Disposals -
Revaluations -
Transfers -
At 28 February 2015 1,239
Depreciation
At 1 March 2014 1,238
Charge for the year -
On disposals -
At 28 February 2015 1,238
Net book values
At 28 February 2015 1
At 28 February 2014 1