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Company Registration No. 03843022 (England and Wales)
N K Enterprises Ltd Unaudited accounts for the year ended 31 December 2023
N K Enterprises Ltd Unaudited accounts Contents
Page
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N K Enterprises Ltd Company Information for the year ended 31 December 2023
Directors
Dipak Kondhia Jyoti Kondhia Naren Kondhia Avni Kondhia Pooja Kondhia
Secretary
Dipak Kondhia
Company Number
03843022 (England and Wales)
Registered Office
8 PINNER VIEW HARROW MIDDLESEX HA1 4QA GB
Accountants
A J Shah and Company 8 Pinner View Harrow Middlesex HA1 4QA
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of N K Enterprises Ltd for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of N K Enterprises Ltd for the year ended 31 December 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of N K Enterprises Ltd, as a body, in accordance with the terms of our engagement letter dated 21 August 2020. Our work has been undertaken solely to prepare for your approval the accounts of N K Enterprises Ltd and state those matters that we have agreed to state to the Board of Directors of N K Enterprises Ltd, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than N K Enterprises Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that N K Enterprises Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of N K Enterprises Ltd. You consider that N K Enterprises Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of N K Enterprises Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
A J Shah and Company Chartered Accountants 8 Pinner View Harrow Middlesex HA1 4QA 3 October 2024
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N K Enterprises Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
509 
527 
Current assets
Inventories
198,990 
197,240 
Debtors
7,563 
8,316 
Cash at bank and in hand
250,591 
278,284 
457,144 
483,840 
Creditors: amounts falling due within one year
(112,119)
(137,944)
Net current assets
345,025 
345,896 
Total assets less current liabilities
345,534 
346,423 
Creditors: amounts falling due after more than one year
(14,298)
(34,837)
Net assets
331,236 
311,586 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
331,234 
311,584 
Shareholders' funds
331,236 
311,586 
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 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 3 October 2024 and were signed on its behalf by
Jyoti Kondhia Director Company Registration No. 03843022
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N K Enterprises Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
N K Enterprises Ltd is a private company, limited by shares, registered in England and Wales, registration number 03843022. The registered office is 8 PINNER VIEW, HARROW, MIDDLESEX, HA1 4QA, GB.
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
These financial statements for the year ended 31 December 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Land & buildings
2%
Plant & machinery
10%
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
880 
48,802 
49,682 
At 31 December 2023
880 
48,802 
49,682 
Depreciation
At 1 January 2023
355 
48,800 
49,155 
Charge for the year
18 
- 
18 
At 31 December 2023
373 
48,800 
49,173 
Net book value
At 31 December 2023
507 
2 
509 
At 31 December 2022
525 
2 
527 
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N K Enterprises Ltd Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
91 
Trade debtors
- 
662 
Accrued income and prepayments
7,563 
7,563 
7,563 
8,316 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,648 
- 
VAT
5,719 
5,608 
Trade creditors
33,477 
31,876 
Taxes and social security
9,465 
14,806 
Other creditors
1,261 
1,029 
Loans from directors
134 
56,485 
Accruals
51,415 
28,140 
112,119 
137,944 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
14,298 
34,837 
8
Loans to directors
Amounts due to directors at the balance sheet date is (£134) (2022: £56,485). The balance arose as a series of small loans. During the period expenses were paid by the director on behalf of the business and were subsequently reimbursed.
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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