1 March 2023 false Taxfiler 2024.1 10603179business:PrivateLimitedCompanyLtd2023-03-012024-02-29 106031792023-02-28 106031792023-03-012024-02-29 10603179business:AuditExemptWithAccountantsReport2023-03-012024-02-29 10603179business:AbridgedAccounts2023-03-012024-02-29 106031792024-02-29 10603179business:Director12023-03-012024-02-29 10603179business:RegisteredOffice2023-03-012024-02-29 106031792023-02-28 10603179core:WithinOneYear2024-02-29 10603179core:WithinOneYear2023-02-28 10603179core:AfterOneYear2024-02-29 10603179core:AfterOneYear2023-02-28 10603179core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 10603179core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 10603179core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 10603179core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 10603179core:PreviouslyStatedAmount2024-02-29 10603179core:PreviouslyStatedAmount2023-02-28 10603179business:SmallEntities2023-03-012024-02-29 10603179countries:EnglandWales2023-03-012024-02-29 10603179core:FurnitureFittings2023-03-012024-02-29 10603179core:ComputerEquipment2023-03-012024-02-29 106031792022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. 10603179 (England and Wales)
K H RETAIL GROUP LTD Unaudited accounts for the year ended 29 February 2024
K H RETAIL GROUP LTD Unaudited accounts Contents
Page
- 2 -
K H RETAIL GROUP LTD Company Information for the year ended 29 February 2024
Director
Khawar Hussain
Company Number
10603179 (England and Wales)
Registered Office
19 Station Road Rickmansworth WD3 1QP
Accountants
Capital Accounting Solutions Limited 1st Floor 277-279 Bethnal Green Road London E2 6AH
- 3 -
K H RETAIL GROUP LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
637 
- 
Current assets
Inventories
5,418 
7,033 
Debtors
6,695 
7,417 
Cash at bank and in hand
50,171 
51,088 
62,284 
65,538 
Creditors: amounts falling due within one year
(27,447)
(29,824)
Net current assets
34,837 
35,714 
Total assets less current liabilities
35,474 
35,714 
Creditors: amounts falling due after more than one year
(37,658)
(43,373)
Net liabilities
(2,184)
(7,659)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(2,284)
(7,759)
Shareholders' funds
(2,184)
(7,659)
For the year ending 29 February 2024 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 director acknowledges his 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 the year in accordance with Section 444(2A).
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 and authorised for issue on 22 March 2024 and were signed on its behalf by
Khawar Hussain Director Company Registration No. 10603179
- 4 -
K H RETAIL GROUP LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
K H RETAIL GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 10603179. The registered office is 19 Station Road, Rickmansworth, WD3 1QP.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
20% Straight Line
Computer equipment
33% Straight Line
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 March 2023
6,709 
Additions
956 
At 29 February 2024
7,665 
Depreciation
At 1 March 2023
6,709 
Charge for the year
319 
At 29 February 2024
7,028 
Net book value
At 29 February 2024
637 
5
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 5 -