I K S (TRADING) LTD.

Company Registration Number:
SC558170 (Scotland)

Unaudited abridged accounts for the year ended 28 February 2024

Period of accounts

Start date: 01 March 2023

End date: 28 February 2024

I K S (TRADING) LTD.

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Notes

I K S (TRADING) LTD.

Balance sheet

As at 28 February 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 65,600 82,000
Tangible assets: 4 1,842 2,302
Total fixed assets: 67,442 84,302
Current assets
Stocks: 127,208 104,122
Cash at bank and in hand: 116,086 81,414
Total current assets: 243,294 185,536
Creditors: amounts falling due within one year:   (194,734) (128,908)
Net current assets (liabilities): 48,560 56,628
Total assets less current liabilities: 116,002 140,930
Creditors: amounts falling due after more than one year:   (69,579) (92,518)
Total net assets (liabilities): 46,423 48,412
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 46,323 48,312
Shareholders funds: 46,423 48,412

The notes form part of these financial statements

I K S (TRADING) LTD.

Balance sheet statements

For the year ending 28 February 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 November 2024
and signed on behalf of the board by:

Name: Mr Tahir Pervaiz
Status: Director

The notes form part of these financial statements

I K S (TRADING) LTD.

Notes to the Financial Statements

for the Period Ended 28 February 2024

1. Accounting policies

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

I K S (TRADING) LTD.

Notes to the Financial Statements

for the Period Ended 28 February 2024

2. Employees

2024 2023
Average number of employees during the period 21 14

I K S (TRADING) LTD.

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Intangible Assets

Total
Cost £
At 01 March 2023 164,000
At 28 February 2024 164,000
Amortisation
At 01 March 2023 82,000
Charge for year 16,400
At 28 February 2024 98,400
Net book value
At 28 February 2024 65,600
At 28 February 2023 82,000

I K S (TRADING) LTD.

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Tangible Assets

Total
Cost £
At 01 March 2023 6,623
At 28 February 2024 6,623
Depreciation
At 01 March 2023 4,321
Charge for year 460
At 28 February 2024 4,781
Net book value
At 28 February 2024 1,842
At 28 February 2023 2,302