1 June 2023 false No description of principal activity Taxfiler 2024.6 05831206business:PrivateLimitedCompanyLtd2023-06-012024-05-31 058312062023-05-31 058312062023-06-012024-05-31 05831206business:AuditExempt-NoAccountantsReport2023-06-012024-05-31 05831206business:FilletedAccounts2023-06-012024-05-31 058312062024-05-31 05831206business:Director12023-06-012024-05-31 05831206business:RegisteredOffice2023-06-012024-05-31 058312062023-05-31 05831206core:WithinOneYear2024-05-31 05831206core:WithinOneYear2023-05-31 05831206core:AfterOneYear2024-05-31 05831206core:AfterOneYear2023-05-31 05831206core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 05831206core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 05831206core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 05831206core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 05831206core:PreviouslyStatedAmount2024-05-31 05831206core:PreviouslyStatedAmount2023-05-31 05831206business:SmallEntities2023-06-012024-05-31 05831206countries:EnglandWales2023-06-012024-05-31 05831206core:ComputerEquipment2023-06-012024-05-31 05831206core:FurnitureFittings2023-05-31 05831206core:ComputerEquipment2023-05-31 05831206core:FurnitureFittings2023-06-012024-05-31 05831206core:FurnitureFittings2024-05-31 05831206core:ComputerEquipment2024-05-31 058312062022-06-012023-05-31 iso4217:GBP xbrli:pure
Company Registration No. 05831206 (England and Wales)
I K ASSOCIATES (UK) LIMITED Unaudited accounts for the year ended 31 May 2024
I K ASSOCIATES (UK) LIMITED Unaudited accounts Contents
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I K ASSOCIATES (UK) LIMITED Company Information for the year ended 31 May 2024
Director
Iftikhar Khan
Company Number
05831206 (England and Wales)
Registered Office
Accent Business Centre Office Suite 5 132 Barkerend Road Bradford West Yorkshire BD3 9BE ENGLAND
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I K ASSOCIATES (UK) LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,197 
2,469 
Current assets
Investments
41,481 
41,481 
Cash at bank and in hand
15,802 
15,655 
57,283 
57,136 
Creditors: amounts falling due within one year
(45,712)
(40,418)
Net current assets
11,571 
16,718 
Total assets less current liabilities
14,768 
19,187 
Creditors: amounts falling due after more than one year
(12,000)
(13,956)
Net assets
2,768 
5,231 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
2,767 
5,230 
Shareholders' funds
2,768 
5,231 
For the year ending 31 May 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 3 December 2024 and were signed on its behalf by
Iftikhar Khan Director Company Registration No. 05831206
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I K ASSOCIATES (UK) LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
I K ASSOCIATES (UK) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05831206. The registered office is Accent Business Centre, Office Suite 5, 132 Barkerend Road, Bradford, West Yorkshire, BD3 9BE, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
18%
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
9,708 
2,355 
12,063 
Additions
- 
1,430 
1,430 
At 31 May 2024
9,708 
3,785 
13,493 
Depreciation
At 1 June 2023
8,822 
772 
9,594 
Charge for the year
159 
543 
702 
At 31 May 2024
8,981 
1,315 
10,296 
Net book value
At 31 May 2024
727 
2,470 
3,197 
At 31 May 2023
886 
1,583 
2,469 
5
Investments held as current assets
2024 
2023 
£ 
£ 
Listed investments
41,481 
41,481 
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I K ASSOCIATES (UK) LIMITED Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
3,557 
392 
Other creditors
736 
- 
Loans from directors
1,184 
225 
Deferred income
40,235 
39,801 
45,712 
40,418 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
12,000 
13,956 
8
Average number of employees
During the year the average number of employees was 3 (2023: 9).
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