Kaltz Ltd - Period Ending 2015-08-31

Registration number: 04047102

Kaltz Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2015
 

The Melia Partnership
Chartered Certified Accountants
Park House
91 Garstang Road
Preston
PR1 1LD

Kaltz Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Kaltz Ltd
(Registration number: 04047102)
Abbreviated Balance Sheet at 31 August 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					8,945			7,997
Current assets
Stocks					130,291			123,216
Debtors					247,122			229,085
Cash at bank and in hand					5,025			41,424
					382,438			393,725
Creditors: Amounts falling due within one year					(311,035)			(306,174)
Net current assets					71,403			87,551
Net assets					80,348			95,548
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					80,346			95,546
Shareholders' funds					80,348			95,548

For the year ending 31 August 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 20 April 2016 and signed on its behalf by:

.........................................
Mr Jonathan Grundy
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Kaltz Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the UK.

Depreciation

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance

Work in progress

Work in progress is valued at the lower of cost and net realisable value.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Kaltz Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 September 2014		53,663			53,663
Additions		3,920			3,920
At 31 August 2015		57,583			57,583
Depreciation
At 1 September 2014		45,666			45,666
Charge for the year		2,972			2,972
At 31 August 2015		48,638			48,638
Net book value
At 31 August 2015		8,945			8,945
At 31 August 2014		7,997			7,997

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		2			2			2			2
Ordinary E Shares of £1 each		200,000			200,000			200,000			200,000
		200,002			200,002			200,002			200,002

Page 3