KIAN WHOLESALE LTD

Company Registration Number:
14066767 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 25 April 2023

End date: 30 April 2024

KIAN WHOLESALE LTD

Company Information

for the Period Ended 30 April 2024




Director: Soran Abbas HAMZA
Registered office: 234
High Street
Swansea
GB-WLS
SA1 1NZ
Company Registration Number: 14066767 (England and Wales)

KIAN WHOLESALE LTD

Directors' Report Period Ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Directors

The directors shown below have held office during the whole of the period from 25 April 2023 to 30 April 2024
Soran Abbas HAMZA

This report was approved by the board of directors on 20 August 2024
And Signed On Behalf Of The Board By:

Name: Soran Abbas HAMZA
Status: Director

KIAN WHOLESALE LTD

Profit and Loss Account

for the Period Ended 30 April 2024


Notes

2024
£

2023
£
Turnover 882,857 269,103
Cost of sales ( 757,675 ) ( 173,168 )
Gross Profit or (Loss) 125,182 95,935
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 0 ) ( 0 )
Administrative Expenses ( 126,660 ) ( 113,641 )
Other operating income 0 0
Operating Profit or (Loss) ( 1,478 ) ( 17,706 )
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 0 ) ( 0 )
Profit or (Loss) Before Tax 4 ( 1,478 ) ( 17,706 )
Tax on Profit ( 0 ) ( 0 )
Profit or (Loss) for Period ( 1,478 ) ( 17,706 )

The notes form part of these financial statements

KIAN WHOLESALE LTD

Balance sheet

As at 30 April 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 5 10,720 12,857
Total fixed assets: 10,720 12,857
Current assets
Stocks: 31,500 35,000
Debtors: 6 0 0
Cash at bank and in hand: 35,796 12,161
Total current assets: 67,296 47,161
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 7 ( 12,675 ) ( 24,145 )
Net current assets (liabilities): 54,621 23,016
Total assets less current liabilities: 65,341 35,873
Creditors: amounts falling due after more than one year: 8 ( 0 ) ( 0 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): 65,341 35,873

The notes form part of these financial statements

KIAN WHOLESALE LTD

Balance sheet continued

As at 30 April 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 65,341 35,873
Revaluation reserve: 9 0 0
Profit and loss account: 0 0
Shareholders funds: 65,341 35,873

For the year ending 30 April 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 20 August 2024
And Signed On Behalf Of The Board By:

Name: Soran Abbas HAMZA
Status: Director

The notes form part of these financial statements

KIAN WHOLESALE LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

KIAN WHOLESALE LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 5 3

KIAN WHOLESALE LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 3. Off balance sheet disclosure

    No

KIAN WHOLESALE LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

4.Profit or (Loss) before tax

my profit margin is about 20%. this 20% has all been spent on the administration cost to cover business overhead cost and the other variable cost. details for each expenses will be provided later in this tax return.
also our loss figures was reduced and we are expecting that next year the business will start making profit

KIAN WHOLESALE LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Tangible assets

Plant & machinery Fixtures & fittings Total
Cost £ £ £
At 25 April 2023 8,571 4,286 12,857
Additions 0 0 0
Disposals ( 0 ) ( 0 ) ( 0 )
Revaluations - - -
Transfers 0 0 0
At 30 April 2024 8,571 4,286 12,857
Depreciation
At 25 April 2023 0 0 0
Charge for year 1,423 714 2,137
On disposals ( 0 ) ( 0 ) ( 0 )
Other adjustments 0 0 0
At 30 April 2024 1,423 714 2,137
Net book value
At 30 April 2024 7,148 3,572 10,720
At 24 April 2023 8,571 4,286 12,857

KIAN WHOLESALE LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

6. Debtors


2024
£

2023
£
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 0 0
Total 0 0
Debtors due after more than one year: 0 0

KIAN WHOLESALE LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

7.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 10,000 24,145
Taxation and social security 2,675 0
Accruals and deferred income 0 0
Other creditors 0 0
Total 12,675 24,145

KIAN WHOLESALE LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

8.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 0 0
Total 0 0

KIAN WHOLESALE LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

9. Revaluation reserve


2024
£
Balance at 25 April 2023 0
Surplus or deficit after revaluation 0
Balance at 30 April 2024 0