Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 03034164 Mr Harbhajan Sandher Mrs Kamal Jeet Sandher true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03034164 2023-03-31 03034164 2024-03-31 03034164 2023-04-01 2024-03-31 03034164 frs-core:CurrentFinancialInstruments 2024-03-31 03034164 frs-core:MotorVehicles 2024-03-31 03034164 frs-core:MotorVehicles 2023-04-01 2024-03-31 03034164 frs-core:MotorVehicles 2023-03-31 03034164 frs-core:ShareCapital 2024-03-31 03034164 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03034164 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03034164 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 03034164 frs-bus:SmallEntities 2023-04-01 2024-03-31 03034164 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03034164 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03034164 1 2023-04-01 2024-03-31 03034164 frs-bus:Director1 2023-04-01 2024-03-31 03034164 frs-bus:Director2 2023-04-01 2024-03-31 03034164 frs-countries:EnglandWales 2023-04-01 2024-03-31 03034164 2022-03-31 03034164 2023-03-31 03034164 2022-04-01 2023-03-31 03034164 frs-core:CurrentFinancialInstruments 2023-03-31 03034164 frs-core:ShareCapital 2023-03-31 03034164 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 03034164
HK Trading Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03034164
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 332
- 332
CURRENT ASSETS
Stocks 5 621,664 650,027
Debtors 6 451,201 412,280
Cash at bank and in hand 284 -
1,073,149 1,062,307
Creditors: Amounts Falling Due Within One Year 7 (863,458 ) (823,698 )
NET CURRENT ASSETS (LIABILITIES) 209,691 238,609
TOTAL ASSETS LESS CURRENT LIABILITIES 209,691 238,941
NET ASSETS 209,691 238,941
CAPITAL AND RESERVES
Called up share capital 8 20,000 20,000
Profit and Loss Account 189,691 218,941
SHAREHOLDERS' FUNDS 209,691 238,941
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For the year ending 31 March 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Harbhajan Sandher
Director
31/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
HK Trading Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03034164 . The registered office is Unique House, 318 High Street North, Dunstable, LU6 1BE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 April 2023 10,300
Disposals (10,300 )
As at 31 March 2024 -
Depreciation
As at 1 April 2023 9,968
Disposals (9,968 )
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 332
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5. Stocks
2024 2023
£ £
Stock 621,664 650,027
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 360,467 402,280
Other debtors 90,734 10,000
451,201 412,280
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 35,527
Bank loans and overdrafts - 97,267
Other creditors 863,458 676,798
Taxation and social security - 14,106
863,458 823,698
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 20,000 20,000
9. Related Party Transactions
Mr H S Sandher is a director of Party & Paper Solutions Limited, which is also a 50% owned subsidiary of Turgelstar Enterprises Limited. During the year ended 31 March 2024, the company received management charges of £18,000 (2023: £18,000) from Party & Paper Solutions Limited. At 31 March 2024, the company was owed £80,734 (2023: £10,800) from Party & Paper Solutions Limited. 
Mr H S Sandher is also a director of Turgelstar Enterprises Limited, the ultimate parent company. During the year ended 31 March 2024, the company paid rent totalling £0 (2023: £25,333) to Turgelstar Enterprises Limited. The company also received management charges of £6,000 (2023: £6,000) from Turgelstar Enterprises Limited. 
At 31 March 2024, the company owed to Turgelstar Enterprises Limited £861,334 (2023: £684,325) by way of an intercompany loan. 
10. Ultimate Controlling Party
Ultimate Parent Company
The ultimate parent company is Turgelstar Enterprises Limited, a company incorporated in England and Wales which owns 100% of the issued share capital.
Ultimate Controlling Party
Mr H S Sandher and Mrs K J Sandher are the joint ultimate controlling parties due to their shareholdings in Turgelstar Enterprises Limited, the parent company. 
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