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REGISTERED NUMBER: 12198682 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

N & K TEXTILES LTD

N & K TEXTILES LTD (REGISTERED NUMBER: 12198682)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N & K TEXTILES LTD

COMPANY INFORMATION
for the Year Ended 30 September 2023







DIRECTOR: N Khaliq





SECRETARY:





REGISTERED OFFICE: 74 Minton Street
Oldham
OL4 1RX





REGISTERED NUMBER: 12198682 (England and Wales)





ACCOUNTANTS: BP & Co Chartered Accountants
Enterprise House
2 Pass Street
Oldham
Lancashire
OL9 6HZ

N & K TEXTILES LTD (REGISTERED NUMBER: 12198682)

BALANCE SHEET
30 September 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,424 5,845

CURRENT ASSETS
Stocks 27,000 -
Debtors 5 2,801 4,647
Cash at bank and in hand 578 11,791
30,379 16,438
CREDITORS
Amounts falling due within one year 6 (65,231 ) (45,440 )
NET CURRENT LIABILITIES (34,852 ) (29,002 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(30,428

)

(23,157

)

PROVISIONS FOR LIABILITIES (841 ) -
NET LIABILITIES (31,269 ) (23,157 )

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings (31,270 ) (23,158 )
SHAREHOLDERS' FUNDS (31,269 ) (23,157 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

N & K TEXTILES LTD (REGISTERED NUMBER: 12198682)

BALANCE SHEET - continued
30 September 2023


The 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.

The financial statements were approved by the director and authorised for issue on 26 October 2023 and were signed by:





N Khaliq - Director


N & K TEXTILES LTD (REGISTERED NUMBER: 12198682)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

N & K Textiles Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

N & K TEXTILES LTD (REGISTERED NUMBER: 12198682)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 8,000
DEPRECIATION
At 1 October 2022 2,155
Charge for year 1,421
At 30 September 2023 3,576
NET BOOK VALUE
At 30 September 2023 4,424
At 30 September 2022 5,845

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,168 4,647
Other debtors 1,633 -
2,801 4,647

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 32,815 41,519
Trade creditors 3,646 1
Taxation and social security 2,982 2,891
Other creditors 25,788 1,029
65,231 45,440

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1