Registered number 07695415 KAALMO YOUTH DEVELOPMENT LIMITED Report and Accounts 31 July 2022 ## **KAALMO YOUTH DEVELOPMENT LIMITED Report and accounts Contents** ||**Page**| |---|---| |Directors' report|1| |Accountants' report|2| |Profit and loss account|3| |Balance sheet|4| |Notes to the accounts|5| **KAALMO YOUTH DEVELOPMENT LIMITED Registered number: 07695415 Directors' Report** The directors present their report and accounts for the year ended 31 July 2022. ## **Principal activities** The company's principal activity during the year continued to be social work activities. ## **Directors** The following persons served as directors during the year: Mr Saeed M Ibrahim Mr Abdirizak Hassan Mr Samsam Salah Mr Ahmed Egeh ## **Small company provisions** This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. This report was approved by the board on 27 April 2023 and signed on its behalf. Mr Saeed M Ibrahim Director 1 ## **KAALMO YOUTH DEVELOPMENT LIMITED Accountants' Report** ## **Accountants' report to the directors of KAALMO YOUTH DEVELOPMENT LIMITED** You consider that the company is exempt from an audit for the year ended 31 July 2022. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. KHAN ACCOUNTANCY SERVICES LTD REGISTERED FINANCIAL ACCOUNTANTS(IFA) 76/78 SMITHDOWN ROAD LIVERPOOL L7 4JQ 27 April 2023 2 ## **KAALMO YOUTH DEVELOPMENT LIMITED Profit and Loss Account for the year ended 31 July 2022** |**Turnover**
Administrative expenses
**Operating profit/(loss)**
**Profit/(loss) before taxation**
Tax on profit/(loss)
**Profit/(loss) for the financial year**|**2022**
**£**
106,893
(84,283)
22,610
22,610
-
22,610|**2021**
**£**
86,610
(92,489)
(5,879)
(5,879)
-
(5,879)| |---|---|---| 3 ## **KAALMO YOUTH DEVELOPMENT LIMITED Registered number:** 07695415 **Balance Sheet as at 31 July 2022** |**Notes**
**Fixed assets**
Tangible assets
3
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
4
**Net current assets**
**Net assets**
**Capital and reserves**
Profit and loss account
**Shareholders' funds**|**2022**
**£**
96
36,991
(1,214)
35,777
35,873
35,873
35,873|31,955
(18,809)|**2021**
**£**
117
13,146
13,263
13,263
13,263| |---|---|---|---| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Act. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. Mr Saeed M Ibrahim Director Approved by the board on 27 April 2023 4 **KAALMO YOUTH DEVELOPMENT LIMITED Notes to the Accounts for the year ended 31 July 2022** ## **1 Accounting policies** ## _**Basis of preparation**_ The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). ## _**Turnover**_ Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. ## _**Intangible fixed assets**_ Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. ## _**Tangible fixed assets**_ Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Plant and machinery 18% Fixtures, fittings, tools and equipment 18% ## _**Investments**_ Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. ## _**Stocks**_ Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. ## _**Debtors**_ Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. ## _**Creditors**_ 5 ## **KAALMO YOUTH DEVELOPMENT LIMITED Notes to the Accounts for the year ended 31 July 2022** Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. ## _**Taxation**_ A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. ## _**Provisions**_ Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |**2**
**Employees**
Average number of persons employed by the company
**3**
**Tangible fixed assets**
**Cost**
At 1 August 2021
At 31 July 2022
**Depreciation**
At 1 August 2021
Charge for the year
At 31 July 2022
**Net book value**
At 31 July 2022
At 31 July 2021
**4**
**Creditors: amounts falling due within one year**|**2022**
**Number**
15
**2022**
**£**|**2021**
**Number**
26
**Fixtures,**
**fittings and**
**equipment**
**£**
634
634
517
21
538
96
117
**2021**
**£**| |---|---|---| 6 ## **KAALMO YOUTH DEVELOPMENT LIMITED Notes to the Accounts for the year ended 31 July 2022** Other creditors 1,214 18,809 ## **5 Other information** KAALMO YOUTH DEVELOPMENT LIMITED is a private company limited by shares and incorporated in England. Its registered office is: 55 Botanic Road Liverpool Merseyside L7 5PX 7 ## **KAALMO YOUTH DEVELOPMENT LIMITED** ## **Detailed profit and loss account for the year ended 31 July 2022** _This schedule does not form part of the statutory accounts_ |**Sales**
Administrative expenses
**Operating profit/(loss)**
**Profit/(loss) before tax**|**2022**
**£**
106,893
(84,283)
22,610
22,610|**2021**
**£**
86,610
(92,489)
(5,879)
(5,879)| |---|---|---| 8 ## **KAALMO YOUTH DEVELOPMENT LIMITED** ## **Detailed profit and loss account for the year ended 31 July 2022** _This schedule does not form part of the statutory accounts_ |**Sales**
Sales
**Administrative expenses**
Employee costs:
Wages and salaries
Travel and subsistence
Premises costs:
Rent
Room hire
General administrative expenses:
Training
Stationery and printing
Volunteer expense
Insurance
Equipment and material
Entrance fee
Refreshment
Depreciation
Sundry expenses
Legal and professional costs:
Accountancy fees
Other legal and professional|**2022**
**£**
106,893
44,635
5,460
50,095
2,480
5,098
7,578
150
531
2,540
531
947
-
3,980
21
1,035
9,735
500
16,375
16,875
84,283|**2021**
**£**
86,610
69,626
-
69,626
-
8,525
8,525
250
188
2,130
486
4,701
2,610
950
26
312
11,653
400
2,285
2,685
92,489| |---|---|---| 9