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
N K Enterprises Ltd
Company Information
for the year ended 31 December 2023
Directors
Dipak Kondhia
Jyoti Kondhia
Naren Kondhia
Avni Kondhia
Pooja 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
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
N K Enterprises Ltd
Statement of financial position
as at 31 December 2023
Inventories
198,990
197,240
Cash at bank and in hand
250,591
278,284
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
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
N K Enterprises Ltd
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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
At 1 January 2023
355
48,800
49,155
Charge for the year
18
-
18
At 31 December 2023
373
48,800
49,173
At 31 December 2023
507
2
509
At 31 December 2022
525
2
527
N K Enterprises Ltd
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Accrued income and prepayments
7,563
7,563
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,648
-
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
7
Creditors: amounts falling due after more than one year
2023
2022
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).