Registered number
07342471
KHN LIMITED
Filleted Accounts
31 January 2023
KHN LIMITED
Registered number: 07342471
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 - 3,600
Investments 4 100 100
100 3,700
Current assets
Debtors 5 2,345 1,872
Cash at bank and in hand 279 503
2,624 2,375
Creditors: amounts falling due within one year 6 (13,433) (11,877)
#NAME? (10,809) (9,502)
#NAME? (10,709) (5,802)
Capital and reserves
Called up share capital 100 100
Profit and loss account (10,809) (5,902)
Shareholders' funds (10,709) (5,802)
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 members have 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.
J Ellis
Director
Approved by the board on 17 October 2023
KHN LIMITED
Notes to the Accounts
for the year ended 31 January 2023
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) and with Companies Act 2006.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
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.
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 over 4 years
Website costs over 4 years
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.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Website Total
£ £ £
Cost
At 1 February 2022 4,250 7,200 11,450
At 31 January 2023 4,250 7,200 11,450
Depreciation
At 1 February 2022 4,250 3,600 7,850
Charge for the year - 3,600 3,600
At 31 January 2023 4,250 7,200 11,450
Net book value
At 31 January 2023 - - -
At 31 January 2022 - 3,600 3,600
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 February 2022 100
At 31 January 2023 100
The company holds 20% or more of the share capital of the following companies:
Capital and Profit (loss)
Company Shares held reserves for the year
Class % £ £
KHN Construction Limited Ordinary 100 (3,833) (1,813)
5 Debtors 2023 2022
£ £
Trade debtors 2,195 -
Amounts owed by group undertakings and undertakings in which the company has a participating interest - 1,872
Other debtors 150 -
2,345 1,872
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 249 79
Amounts owed to group undertakings and undertakings in which the company has a participating interest 289 -
Other taxes and social security costs 188 109
Other creditors 12,707 11,689
13,433 11,877
7 Controlling party
The company's ultimate holding company is Jerry Ellis Limited, incorporated in England.
8 Other information
KHN LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
c/o Virtual Company Secretary Ltd
7 York Road
Woking
Surrey
GU22 7XH
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