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Company Registration No. 05656290 (England and Wales)
KI Associates Ltd Unaudited accounts for the year ended 31 March 2023
KI Associates Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,140 
10,753 
Current assets
Inventories
896,000 
826,000 
Cash at bank and in hand
- 
65,461 
896,000 
891,461 
Creditors: amounts falling due within one year
(209,133)
(197,926)
Net current assets
686,867 
693,535 
Total assets less current liabilities
696,007 
704,288 
Creditors: amounts falling due after more than one year
(695,327)
(703,517)
Net assets
680 
771 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
678 
769 
Shareholders' funds
680 
771 
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 20 March 2024 and were signed on its behalf by
Sajid Iqbal Director Company Registration No. 05656290
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KI Associates Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
KI Associates Ltd is a private company, limited by shares, registered in England and Wales, registration number 05656290. The registered office is 75-77 WHITE ABBEY ROAD, BRADFORD, BD8 8DR.
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:
Plant & machinery
15% reducing balance
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2022
32,605 
At 31 March 2023
32,605 
Depreciation
At 1 April 2022
21,852 
Charge for the year
1,613 
At 31 March 2023
23,465 
Net book value
At 31 March 2023
9,140 
At 31 March 2022
10,753 
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KI Associates Ltd Notes to the Accounts for the year ended 31 March 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
25,421 
- 
VAT
3,391 
4,345 
Trade creditors
40,000 
40,000 
Taxes and social security
16,501 
14,536 
Other creditors
40,000 
78,127 
Loans from directors
83,820 
60,918 
209,133 
197,926 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
33,436 
42,626 
Trade creditors
660,891 
660,891 
Accruals
1,000 
- 
695,327 
703,517 
7
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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