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Company Registration No. 13197697 (England and Wales)
KHS LONDON LTD Unaudited accounts for the year ended 29 February 2024
KHS LONDON LTD Unaudited accounts Contents
Page
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KHS LONDON LTD Company Information for the year ended 29 February 2024
Director
SITHAMBARAM, Mohanakanth
Company Number
13197697 (England and Wales)
Registered Office
135a Church Hill Road Sutton Surrey SM3 8NE ENGLAND
Accountants
Tally Tally Accountants 79 College Road Harrow HA1 1BD
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KHS LONDON LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
2,056 
723 
Cash at bank and in hand
67 
28 
2,123 
751 
Creditors: amounts falling due within one year
(34,482)
(6,906)
Net current liabilities
(32,359)
(6,155)
Net liabilities
(32,359)
(6,155)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(32,459)
(6,255)
Shareholders' funds
(32,359)
(6,155)
For the year ending 29 February 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 director acknowledges his 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 and authorised for issue on 26 November 2024 and were signed on its behalf by
SITHAMBARAM, Mohanakanth Director Company Registration No. 13197697
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KHS LONDON LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
KHS LONDON LTD is a private company, limited by shares, registered in England and Wales, registration number 13197697. The registered office is 135a Church Hill Road, Sutton, Surrey, SM3 8NE, ENGLAND.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Going concern
The financial statements have been prepared on a going concern basis, which is dependent upon the company's directors continuing to provide the necessary financial facilities, to enable the company to continue in operation for the foreseeable future
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,056 
- 
Trade debtors
- 
689 
Other debtors
- 
34 
2,056 
723 
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KHS LONDON LTD Notes to the Accounts for the year ended 29 February 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
1,722 
Trade creditors
707 
898 
Other creditors
1,311 
311 
Loans from directors
32,104 
3,615 
Accruals
360 
360 
34,482 
6,906 
6
Transactions with related parties
At the year-end date, the director SITHAMBARAM, Mohanakanth has a credit balance of £32,104 (2023: £3,615 Cr) on his current account, and this amount is included in creditors payable within one year.
7
Average number of employees
During the year the average number of employees was 2 (2023: 1).
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