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REGISTERED NUMBER: 05660358 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

KHELA ENTERPRISES LIMITED

KHELA ENTERPRISES LIMITED (REGISTERED NUMBER: 05660358)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KHELA ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: Resham Singh Khela
Mrs Parmjit Kaur Khela





SECRETARY: Resham Singh Khela





REGISTERED OFFICE: 7 Rotherham Road
Killamarsh
Sheffield
South Yorkshire
S21 2DR





REGISTERED NUMBER: 05660358 (England and Wales)





ACCOUNTANTS: Altman Smith
461 - 463 London Road
Heeley
Sheffield
South Yorkshire
S2 4HL

KHELA ENTERPRISES LIMITED (REGISTERED NUMBER: 05660358)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 70,000 70,000
Property, plant and equipment 5 301,370 303,209
371,370 373,209

CURRENT ASSETS
Inventories 51,415 59,250
Debtors 6 171,080 246,080
Cash at bank and in hand 138,185 150,783
360,680 456,113
CREDITORS
Amounts falling due within one year 7 154,954 177,245
NET CURRENT ASSETS 205,726 278,868
TOTAL ASSETS LESS CURRENT
LIABILITIES

577,096

652,077

CREDITORS
Amounts falling due after more than one
year

8

38,333

51,288
NET ASSETS 538,763 600,789

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 538,663 600,689
SHAREHOLDERS' FUNDS 538,763 600,789

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

KHELA ENTERPRISES LIMITED (REGISTERED NUMBER: 05660358)

BALANCE SHEET - continued
31ST MARCH 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 Board of Directors and authorised for issue on 13th November 2023 and were signed on its behalf by:





Resham Singh Khela - Director


KHELA ENTERPRISES LIMITED (REGISTERED NUMBER: 05660358)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

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

Goodwill
Goodwill is not being amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance

Stocks
Inventories 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

KHELA ENTERPRISES LIMITED (REGISTERED NUMBER: 05660358)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2022
and 31st March 2023 70,000
NET BOOK VALUE
At 31st March 2023 70,000
At 31st March 2022 70,000

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1st April 2022 274,016 223,446 497,462
Additions - 5,000 5,000
At 31st March 2023 274,016 228,446 502,462
DEPRECIATION
At 1st April 2022 - 194,253 194,253
Charge for year - 6,839 6,839
At 31st March 2023 - 201,092 201,092
NET BOOK VALUE
At 31st March 2023 274,016 27,354 301,370
At 31st March 2022 274,016 29,193 303,209

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 31,080 101,080

Amounts falling due after more than one year:
Other debtors 140,000 145,000

Aggregate amounts 171,080 246,080

KHELA ENTERPRISES LIMITED (REGISTERED NUMBER: 05660358)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 2,101
Trade creditors 86,153 85,938
Taxation and social security 60,549 60,210
Other creditors 8,252 28,996
154,954 177,245

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 38,333 51,288

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 204 48,333