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
I K ASSOCIATES (UK) LIMITED
Company Information
for the year ended 31 May 2024
Company Number
05831206 (England and Wales)
Registered Office
Accent Business Centre
Office Suite 5
132 Barkerend Road
Bradford
West Yorkshire
BD3 9BE
ENGLAND
I K ASSOCIATES (UK) LIMITED
Statement of financial position
as at 31 May 2024
Tangible assets
3,197
2,469
Cash at bank and in hand
15,802
15,655
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)
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
I K ASSOCIATES (UK) LIMITED
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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
At 31 May 2024
9,708
3,785
13,493
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
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
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
Loans from directors
1,184
225
Deferred income
40,235
39,801
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 3 (2023: 9).