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Company Registration No. 12277618 (England and Wales)
Khalsan UK Limited Filleted accounts for the year ended 31 October 2023
Khalsan UK Limited Filleted accounts Contents
Page
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Khalsan UK Limited Company Information for the year ended 31 October 2023
Directors
Dr Sanna Qodrat Dr Khalid Husain Sachak
Company Number
12277618 (England and Wales)
Registered Office
1a Davenport Road Coventry CV5 6QA
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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Khalsan UK Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
256,263 
240,098 
Cash at bank and in hand
92,025 
5,771 
348,288 
245,869 
Creditors: amounts falling due within one year
(103,221)
(24,642)
Net current assets
245,067 
221,227 
Total assets less current liabilities
245,067 
221,227 
Creditors: amounts falling due after more than one year
(30,800)
(41,126)
Net assets
214,267 
180,101 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
214,167 
180,001 
Shareholders' funds
214,267 
180,101 
For the year ending 31 October 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 30 July 2024 and were signed on its behalf by
Dr Khalid Husain Sachak Director Company Registration No. 12277618
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Khalsan UK Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Khalsan UK Limited is a private company, limited by shares, registered in England and Wales, registration number 12277618. The registered office is 1a Davenport Road, Coventry, CV5 6QA.
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investments
Investments in shares are included at fair value.
4
Investments
Other investments 
£ 
Valuation at 1 November 2022
- 
Additions
145,476 
Fair value adjustments
(145,476)
Valuation at 31 October 2023
- 
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Khalsan UK Limited Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,200 
1,200 
Other debtors
- 
9,998 
1,200 
11,198 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
255,063 
228,900 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
41,377 
23,210 
Other creditors
60,412 
- 
Accruals
1,432 
1,432 
103,221 
24,642 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
30,800 
41,126 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
45 A Ordinary shares of £1 each
45 
45 
45 B Ordinary shares of £1 each
45 
45 
10 C Ordinary shares of £1 each
10 
10 
100 
100 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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