1 March 2022 v2023.23.2 limited_company_frs_102_section_1a_v1_1_0 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00truexbrli:purexbrli:sharesiso4217:GBP112079342022-03-012023-02-28112079342023-02-28112079342022-02-2811207934core:WithinOneYear2023-02-2811207934core:WithinOneYear2022-02-2811207934core:ShareCapital2023-02-2811207934core:ShareCapital2022-02-2811207934core:RetainedEarningsAccumulatedLosses2023-02-2811207934core:RetainedEarningsAccumulatedLosses2022-02-2811207934bus:Director12022-03-012023-02-2811207934bus:RegisteredOffice2022-03-012023-02-281120793412022-03-012023-02-28112079342021-03-012022-02-2811207934countries:EnglandWales2022-03-012023-02-2811207934bus:AuditExemptWithAccountantsReport2022-03-012023-02-2811207934bus:PrivateLimitedCompanyLtd2022-03-012023-02-2811207934bus:SmallEntities2022-03-012023-02-2811207934bus:FullAccounts2022-03-012023-02-28
Company registration number:
11207934
Khans Trading Limited
Unaudited Filleted Financial Statements for the year ended
28 February 2023
Khans Trading Limited
Statement of Financial Position
28 February 2023
20232022
Note££
Current assets    
Debtors 5 -  
5,305
 
Cash at bank and in hand
12
 
48
 
12
 
5,353
 
Creditors: amounts falling due within one year 6
(4,951
)
(9,916
)
Net current liabilities
(4,939
)
(4,563
)
Total assets less current liabilities (4,939 ) (4,563 )
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
(4,940
)
(4,564
)
Shareholders deficit
(4,939
)
(4,563
)
For the year ending
28 February 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
18 October 2023
, and are signed on behalf of the board by:
Naeem Jan Pakhtoonyar
Director
Company registration number:
11207934
Khans Trading Limited
Notes to the Financial Statements
Year ended
28 February 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
3 Hampshire Road
,
Stockport
,
SK5 8DP
, United Kingdom. The company is engaged in Non-specialised wholesale trade.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2022: Nil).

5 Debtors

20232022
££
Trade debtors -  
5,305
 

6 Creditors: amounts falling due within one year

20232022
££
Taxation and social security -  
(61
)
Other creditors
4,951
 
9,977
 
4,951
 
9,916
 
Other creditors represent loan from Director, Naeem Jan PAKHTOONYAR, amounting to £4,701 (2022: £9,977 ).