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K-LIFESTYLE & INDUSTRIES LTD.

27 October 2025 | 12:00

Industry >> Textiles - Hosiery/Knitwear

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ISIN No INE218A01028 BSE Code / NSE Code 514221 / KLIFESTYL Book Value (Rs.) -2.97 Face Value 1.00
Bookclosure 28/09/2019 52Week High 0 EPS 0.00 P/E 0.00
Market Cap. 24.54 Cr. 52Week Low 0 P/BV / Div Yield (%) -0.08 / 0.00 Market Lot 1.00
Security Type Other

ACCOUNTING POLICY

You can view the entire text of Accounting Policy of the company for the latest year.
Year End :2015-03 
1.1 Accounting Concepts:

The Company maintains its accounts on accrual basis following the historical cost convention in accordance with generally accepted accounting principles ("GAAP"), and in compliance with the Accounting Standards referred to in section 211 (3C) and other requirements of the Companies Act, 2013

The preparation of financial statements in conformity with Indian GAAP requires that the management of the Company makes estimates and assumptions that affect the reported amounts of income and expenses of the period, the reported balances of assets and liabilities and the disclosures relating to contingent liabilities as of the date of the financial statements. Examples of such estimates include the useful lives of fixed assets etc. Actual results could differ from these estimates.

1.2 Fixed Assets :-

Fixed Assets are stated at cost less accumulated depreciation. Cost includes all identifiable expenditure to bring the assets to its present location and condition

1.3 Inventories:-

Inventories are valued at cost or net realizable value, whichever is lower.

1.4 Depreciation:-

Depreciation on Fixed Assets has been provided at Straight Line Method and at the rates prescribed in schedule XIV of the companies Act, 2013.

1.5 Revenue Recognition :-

Revenue on sale of products is recognized when the products are dispatched to customers,

1.6 Expenses Recognition:-

Expenses are charged to revenue on accrual basis.