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
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
IKA TRADING LTD
Statement of financial position
as at 28 February 2023
Tangible assets
429,896
402,624
Creditors: amounts falling due within one year
(272,576)
(229,962)
Net current liabilities
(148,214)
(158,762)
Net assets
281,682
243,862
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
IKA TRADING LTD
Notes to the Accounts
for the year ended 28 February 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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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
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
At 28 February 2023
344,797
85,099
429,896
At 28 February 2022
293,279
109,345
402,624
Amounts falling due within one year
Trade debtors
124,362
71,200
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
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Average number of employees
During the year the average number of employees was 0 (2022: 0).