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Company Registration No. 9980540 (England and Wales)
IKA TRADING LTD Unaudited accounts for the year ended 28 February 2023
IKA TRADING LTD Unaudited accounts Contents
Page
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IKA TRADING LTD Company Information for the year ended 28 February 2023
Directors
Shezad Idres AHMED, Imaan
Company Number
9980540 (England and Wales)
Registered Office
37 High Street Lutterworth Leicestershire LE17 4AY England
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IKA TRADING LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
429,896 
402,624 
Current assets
Debtors
124,362 
71,200 
Creditors: amounts falling due within one year
(272,576)
(229,962)
Net current liabilities
(148,214)
(158,762)
Net assets
281,682 
243,862 
Capital and reserves
Called up share capital
180,000 
180,000 
Profit and loss account
101,682 
63,862 
Shareholders' funds
281,682 
243,862 
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. 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2023 and were signed on its behalf by
Shezad Idres Director Company Registration No. 9980540
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IKA TRADING LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
IKA TRADING LTD is a private company, limited by shares, registered in England and Wales, registration number 9980540. The registered office is 37 High Street, Lutterworth, Leicestershire, LE17 4AY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
330,279 
187,900 
518,179 
Additions
135,018 
- 
135,018 
At 28 February 2023
465,297 
187,900 
653,197 
Depreciation
At 1 March 2022
37,000 
78,555 
115,555 
Charge for the year
83,500 
24,246 
107,746 
At 28 February 2023
120,500 
102,801 
223,301 
Net book value
At 28 February 2023
344,797 
85,099 
429,896 
At 28 February 2022
293,279 
109,345 
402,624 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
124,362 
71,200 
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IKA TRADING LTD Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
272,576 
229,962 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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