Registered number
06103637
FAEZ KHAN LTD
Filleted Accounts
31 March 2018
FAEZ KHAN LTD
Registered number: 06103637
Balance Sheet
as at 31 March 2018
Notes 2018 2017
£ £
Fixed assets
Investments 3 70,000 70,000
Current assets
Debtors 4 3,767 19,974
Cash at bank and in hand 12,841 10,487
16,608 30,461
Creditors: amounts falling due within one year 5 (4,231) (5,873)
Net current assets 12,377 24,588
Total assets less current liabilities 82,377 94,588
Creditors: amounts falling due after more than one year 6 (69,112) (69,784)
Net assets 13,265 24,804
Capital and reserves
Called up share capital 1 1
Profit and loss account 13,264 24,803
Shareholder's funds 13,265 24,804
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
FAEZ KHAN
Director
Approved by the board on 13 November 2018
FAEZ KHAN LTD
Notes to the Accounts
for the year ended 31 March 2018
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.
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.
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
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.
2 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2017 1,076
At 31 March 2018 1,076
Depreciation
At 1 April 2017 1,076
At 31 March 2018 1,076
Net book value
At 31 March 2018 -
3 Investments
Other
investments
£
Cost
At 1 April 2017 70,000
At 31 March 2018 70,000
4 Debtors 2018 2017
£ £
Trade debtors 3,767 19,974
5 Creditors: amounts falling due within one year 2018 2017
£ £
Taxation and social security costs 2,079 4,553
Other creditors 2,152 1,320
4,231 5,873
6 Creditors: amounts falling due after one year 2018 2017
£ £
Bank loans 20,000 20,000
Other creditors 49,112 49,784
69,112 69,784
7 Controlling party
Mr Faez Khan retains ultimate control of the company, by virtue of him owning 100% of the issued share capital.
8 Other information
FAEZ KHAN LTD is a private company limited by shares and incorporated in England. Its registered office is:
11a INGLEDEW CRESCENT
ROUNDHAY,
LEEDS
LS8 1BP
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