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REGISTERED NUMBER: 08845302 (England and Wales)















EKN CARS LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2024






EKN CARS LIMITED (REGISTERED NUMBER: 08845302)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EKN CARS LIMITED

Company Information
for the year ended 31 March 2024







DIRECTOR: H K Rai





REGISTERED OFFICE: The Riding School House
Bulls Lane
Wishaw
Sutton Coldfield
West Midlands
B76 9QW





REGISTERED NUMBER: 08845302 (England and Wales)






EKN CARS LIMITED (REGISTERED NUMBER: 08845302)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 437 -

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 148,981 148,443
Cash at bank 21,518 51,023
175,499 204,466
CREDITORS
Amounts falling due within one year 6 159,262 166,785
NET CURRENT ASSETS 16,237 37,681
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,674

37,681

CREDITORS
Amounts falling due after more than one year 7 (8,167 ) (15,167 )

PROVISIONS FOR LIABILITIES (83 ) -
NET ASSETS 8,424 22,514

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8,324 22,414
SHAREHOLDERS' FUNDS 8,424 22,514

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

EKN CARS LIMITED (REGISTERED NUMBER: 08845302)

Balance Sheet - continued
31 March 2024


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

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

The financial statements were approved by the director and authorised for issue on 27 November 2024 and were signed by:





H K Rai - Director


EKN CARS LIMITED (REGISTERED NUMBER: 08845302)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

EKN Cars Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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.
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

EKN CARS LIMITED (REGISTERED NUMBER: 08845302)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 1,628
Additions 656
At 31 March 2024 2,284
DEPRECIATION
At 1 April 2023 1,628
Charge for year 219
At 31 March 2024 1,847
NET BOOK VALUE
At 31 March 2024 437

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Other debtors 148,981 148,443

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 7,000 7,000
Trade creditors 991 895
Taxation and social security 130 759
Other creditors 151,141 158,131
159,262 166,785

The director's loan account is interest free and is repayable on demand.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans 8,167 15,167

8. RELATED PARTY DISCLOSURES

As at 31st March 2024, the company owed £8,000 to N.Rati , a brother in law of the director, (2023 : £8,000). No interest is chargeable on this loan which is repayable on demand.

As at 31st March 2024, the company owed £110,038 to EKN Holdings Limited (2023 : £132,038).

Mr H K Rai is a director and shareholder of EKN Holdings Limited.