Kalpah V It Solutions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC375205 (Scotland)

Financial Statements for the Year Ended 31 March 2018

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

344

105

CURRENT ASSETS

Cash at bank

299,394

234,386

CREDITORS

Amounts falling due within one year

5

76,039

69,258

NET CURRENT ASSETS

223,355

165,128

TOTAL ASSETS LESS CURRENT LIABILITIES

223,699

165,233

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

7

223,697

165,231

SHAREHOLDERS' FUNDS

223,699

165,233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 16 July 2018 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 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2017

500

Additions

325

At 31 March 2018

825

DEPRECIATION

At 1 April 2017

395

Charge for year

86

At 31 March 2018

481

NET BOOK VALUE

At 31 March 2018

344

At 31 March 2017

105

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Tax

21,160

21,048

Social security and other taxes

78

79

VAT

7,845

6,264

Directors' current accounts

46,956

41,867

76,039

69,258

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

2

Ordinary

£1

2

2

7.

RESERVES

Retained

earnings

£

At 1 April 2017

165,231

Profit for the year

90,466

Dividends

(32,000

)

At 31 March 2018

223,697