Kalpah V It Solutions Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: SC375205 (Scotland)

Financial Statements for the Year Ended 31 March 2017

for

KALPAH V IT SOLUTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTOR:

Mr K Singh

REGISTERED OFFICE:

Flat 13,

12 Riverview Place,

Glasgow

Lanarkshire

G5 8EH

REGISTERED NUMBER:

SC375205 (Scotland)

ACCOUNTANTS:

BBK Partnership

Chartered Accountants

1 Beauchamp Court

10 Victors Way

Barnet

Hertfordshire

EN5 5TZ

FIXED ASSETS

Tangible assets

4

105

131

CURRENT ASSETS

Cash at bank

234,386

147,531

CREDITORS

Amounts falling due within one year

5

69,258

38,156

NET CURRENT ASSETS

165,128

109,375

TOTAL ASSETS LESS CURRENT LIABILITIES

165,233

109,506

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

7

165,231

109,504

SHAREHOLDERS' FUNDS

165,233

109,506

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 17 July 2017 and were signed by:

Mr K Singh - Director

1.	STATUTORY INFORMATION

Kalpah V It Solutions Limited is a private company, limited by shares , registered in Scotland. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Fixtures and fittings

-

20% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2016

and 31 March 2017

500

DEPRECIATION

At 1 April 2016

369

Charge for year

26

At 31 March 2017

395

NET BOOK VALUE

At 31 March 2017

105

At 31 March 2016

131

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

-

(1

)

Tax

21,048

17,237

Social security and other taxes

79

80

VAT

6,264

10,353

Directors' current accounts

41,867

10,487

69,258

38,156

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

2

Ordinary

£1

2

2

7.

RESERVES

Retained

earnings

£

At 1 April 2016

109,504

Profit for the year

84,227

Dividends

(28,500

)

At 31 March 2017

165,231