I K S (TRADING) LTD.

Company Registration Number:
SC558170 (Scotland)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

I K S (TRADING) LTD.

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Notes

I K S (TRADING) LTD.

Balance sheet

As at 28 February 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 82,000 98,400
Tangible assets: 4 2,302 2,878
Total fixed assets: 84,302 101,278
Current assets
Stocks: 104,122 80,992
Cash at bank and in hand: 81,414 33,539
Total current assets: 185,536 114,531
Creditors: amounts falling due within one year:   (128,908) (89,265)
Net current assets (liabilities): 56,628 25,266
Total assets less current liabilities: 140,930 126,544
Creditors: amounts falling due after more than one year:   (92,518) (107,563)
Total net assets (liabilities): 48,412 18,981
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 48,312 18,881
Shareholders funds: 48,412 18,981

The notes form part of these financial statements

I K S (TRADING) LTD.

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 21 November 2023
and signed on behalf of the board by:

Name: Mr Tahir Pervaiz
Status: Director

The notes form part of these financial statements

I K S (TRADING) LTD.

Notes to the Financial Statements

for the Period Ended 28 February 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

I K S (TRADING) LTD.

Notes to the Financial Statements

for the Period Ended 28 February 2023

2. Employees

2023 2022
Average number of employees during the period 14 18

I K S (TRADING) LTD.

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Intangible Assets

Total
Cost £
At 01 March 2022 164,000
At 28 February 2023 164,000
Amortisation
At 01 March 2022 65,600
Charge for year 16,400
At 28 February 2023 82,000
Net book value
At 28 February 2023 82,000
At 28 February 2022 98,400

I K S (TRADING) LTD.

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Tangible Assets

Total
Cost £
At 01 March 2022 6,623
At 28 February 2023 6,623
Depreciation
At 01 March 2022 3,745
Charge for year 576
At 28 February 2023 4,321
Net book value
At 28 February 2023 2,302
At 28 February 2022 2,878