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Company Registration No. 11948548 (England and Wales)
KHAN & CO UK LIMITED Accounts for the year ended 31 December 2023
KHAN & CO UK LIMITED Accounts Contents
Page
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KHAN & CO UK LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
58 
72 
Current assets
Inventories
21,460 
19,953 
Debtors
3,150 
3,150 
Cash at bank and in hand
5,212 
3,435 
29,822 
26,538 
Creditors: amounts falling due within one year
(18,428)
(14,714)
Net current assets
11,394 
11,824 
Total assets less current liabilities
11,452 
11,896 
Creditors: amounts falling due after more than one year
(5,243)
(6,747)
Net assets
6,209 
5,149 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
6,109 
5,049 
Shareholders' funds
6,209 
5,149 
For the year ending 31 December 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 5 September 2024 and were signed on its behalf by
Irshad Hussain Khan Director Company Registration No. 11948548
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KHAN & CO UK LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
KHAN & CO UK LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11948548. The registered office is Unit Cw14, Ik Business Park, Blackburn, BB1 5FB, 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.
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:
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
176 
At 31 December 2023
176 
Depreciation
At 1 January 2023
104 
Charge for the year
14 
At 31 December 2023
118 
Net book value
At 31 December 2023
58 
At 31 December 2022
72 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
3,150 
3,150 
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KHAN & CO UK LIMITED Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
826 
- 
Taxes and social security
554 
969 
Other creditors
11,357 
13,400 
Loans from directors
5,341 
45 
Accruals
350 
300 
18,428 
14,714 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
5,243 
6,747 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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