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REGISTERED NUMBER: 09456354 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2024

FOR

KHALIDS ENTERPRISES LTD

KHALIDS ENTERPRISES LTD (REGISTERED NUMBER: 09456354)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


KHALIDS ENTERPRISES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2024







DIRECTORS: Dr K Hussain
Mrs A Khalid





REGISTERED OFFICE: Landmark House
1 Riseholme Road
Lincoln
LN1 3SN





REGISTERED NUMBER: 09456354 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe (Lincoln) Ltd
Landmark House
1 Riseholme Road
Lincoln
Lincolnshire
LN1 3SN

KHALIDS ENTERPRISES LTD (REGISTERED NUMBER: 09456354)

ABRIDGED BALANCE SHEET
28 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 1,174 1,882

CURRENT ASSETS
Debtors 33,000 -
Investments 11,869 20,760
Cash at bank 149,077 77,644
193,946 98,404
CREDITORS
Amounts falling due within one year 64,291 39,239
NET CURRENT ASSETS 129,655 59,165
TOTAL ASSETS LESS CURRENT
LIABILITIES

130,829

61,047

PROVISIONS FOR LIABILITIES 295 -
NET ASSETS 130,534 61,047

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 130,532 61,045
SHAREHOLDERS' FUNDS 130,534 61,047

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

KHALIDS ENTERPRISES LTD (REGISTERED NUMBER: 09456354)

ABRIDGED BALANCE SHEET - continued
28 FEBRUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





Dr K Hussain - Director


KHALIDS ENTERPRISES LTD (REGISTERED NUMBER: 09456354)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Financial instruments
The company classifies its financial instruments into the following categories: financial assets at fair value through profit or loss (FVPL), financial assets at fair value through other comprehensive income (FVOCI), financial assets at amortised cost, financial liabilities at FVPL, and financial liabilities at amortised cost. The classification depends on the contractual cash flow characteristics and the business model under which the financial assets are managed. The company determines the classification of its financial instruments at initial recognition and re-evaluates this designation at each reporting date.

Derivative contracts are recognised initially at fair value and subsequently re-measured at their fair value at each reporting date. The resulting gain or loss is recognised in profit or loss. The company does not apply hedge accounting for its derivative contracts.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

KHALIDS ENTERPRISES LTD (REGISTERED NUMBER: 09456354)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024

3. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023
and 28 February 2024 9,937
DEPRECIATION
At 1 March 2023 8,055
Charge for year 708
At 28 February 2024 8,763
NET BOOK VALUE
At 28 February 2024 1,174
At 28 February 2023 1,882