Company Registration No. 03165277 (England and Wales)
Kalar Silk Screenprint Limited
Unaudited accounts
for the year ended 31 August 2017
Kalar Silk Screenprint Limited
Unaudited accounts
Contents
Kalar Silk Screenprint Limited
Company Information
for the year ended 31 August 2017
Director
Ramesh Chandra CHAUHAN
Company Number
03165277 (England and Wales)
Registered Office
24 Vulcan House
Vulcan Road
Leicester
LE5 3EF
Accountants
Ghumra & Co Limited
45 Broadway Road
Leicester
LE5 5TB
Kalar Silk Screenprint Limited
Statement of financial position
as at 31 August 2017
Cash at bank and in hand
8,086
17,287
Creditors: amounts falling due within one year
(20,037)
(34,095)
Net current assets
3,722
9,084
Total assets less current liabilities
8,796
9,084
Provisions for liabilities
Called up share capital
302
302
Profit and loss account
7,530
8,782
Shareholders' funds
7,832
9,084
For the year ending 31 August 2017 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 6 October 2017.
Ramesh Chandra CHAUHAN
Director
Company Registration No. 03165277
Kalar Silk Screenprint Limited
Notes to the Accounts
for the year ended 31 August 2017
Kalar Silk Screenprint Limited is a private company, limited by shares, registered in England and Wales, registration number 03165277. The registered office and principal place of business is 24 Vulcan House, Vulcan Road, Leicester, LE5 3EF.
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.
These financial statements for the year ended 31 August 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2015
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 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:
Plant & machinery
15% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Kalar Silk Screenprint Limited
Notes to the Accounts
for the year ended 31 August 2017
4
Tangible fixed assets
Plant & machinery
Trade debtors
13,144
24,856
6
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
10,006
11,645
Other creditors
1,288
1,173
Loans from directors
7,235
20,535
7
Deferred taxation
2017
2016
Accelerated capital allowances
964
-
Charged to the profit and loss account
964
-
Provision at end of year
964
-
Allotted, called up and fully paid:
302 Ordinary shares of £1 each
302
302
Kalar Silk Screenprint Limited
Notes to the Accounts
for the year ended 31 August 2017
9
Average number of employees
During the year the average number of employees was 2 (2016: 2).
