Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01falseNo description of principal activity22truetruefalse 12690393 2023-04-01 2024-03-31 12690393 2022-04-01 2023-03-31 12690393 2024-03-31 12690393 2023-03-31 12690393 c:Director1 2023-04-01 2024-03-31 12690393 c:Director2 2023-04-01 2024-03-31 12690393 d:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 12690393 d:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 12690393 d:CurrentFinancialInstruments 2024-03-31 12690393 d:CurrentFinancialInstruments 2023-03-31 12690393 d:Non-currentFinancialInstruments 2024-03-31 12690393 d:Non-currentFinancialInstruments 2023-03-31 12690393 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12690393 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12690393 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 12690393 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 12690393 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 12690393 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 12690393 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 12690393 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 12690393 d:ShareCapital 2024-03-31 12690393 d:ShareCapital 2023-03-31 12690393 d:RetainedEarningsAccumulatedLosses 2024-03-31 12690393 d:RetainedEarningsAccumulatedLosses 2023-03-31 12690393 c:OrdinaryShareClass1 2023-04-01 2024-03-31 12690393 c:OrdinaryShareClass1 2024-03-31 12690393 c:OrdinaryShareClass1 2023-03-31 12690393 c:OrdinaryShareClass2 2023-04-01 2024-03-31 12690393 c:OrdinaryShareClass2 2024-03-31 12690393 c:OrdinaryShareClass2 2023-03-31 12690393 c:OrdinaryShareClass3 2023-04-01 2024-03-31 12690393 c:OrdinaryShareClass3 2024-03-31 12690393 c:OrdinaryShareClass3 2023-03-31 12690393 c:FRS102 2023-04-01 2024-03-31 12690393 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 12690393 c:FullAccounts 2023-04-01 2024-03-31 12690393 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12690393 6 2023-04-01 2024-03-31 12690393 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2023-04-01 2024-03-31 12690393 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12690393









IKAN TRADING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
IKAN TRADING LIMITED
REGISTERED NUMBER: 12690393

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
18,000
27,000

Investments
 5 
61,164
61,164

  
79,164
88,164

Current assets
  

Debtors: amounts falling due within one year
 6 
14,156
-

Cash at bank and in hand
  
48
687

  
14,204
687

Creditors: amounts falling due within one year
 7 
(68,184)
(76,135)

Net current liabilities
  
 
 
(53,980)
 
 
(75,448)

Total assets less current liabilities
  
25,184
12,716

Creditors: amounts falling due after more than one year
 8 
(24,210)
(47,020)

  

Net assets/(liabilities)
  
974
(34,304)


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
874
(34,404)

  
974
(34,304)


Page 1

 
IKAN TRADING LIMITED
REGISTERED NUMBER: 12690393
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 January 2025.




Kamalpreet Kaur Goraya
Inderpal Goraya
Director
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
IKAN TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the
United Kingdom, registration number 12690393. The Company's registered office is Sterling House, 71 Francis Road, Edgbaston, Birmingham, United Kingdom, B16 8SP.
The financial statements are presented in sterling which is the functional currency of the company and
the financial statements are rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have prepared the accounts on a going concern basis.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 3

 
IKAN TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
IKAN TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Intangible assets




Patents

£



Cost


At 1 April 2023
45,000



At 31 March 2024

45,000



Amortisation


At 1 April 2023
18,000


Charge for the year on owned assets
9,000



At 31 March 2024

27,000



Net book value



At 31 March 2024
18,000



At 31 March 2023
27,000




5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
61,164



At 31 March 2024
61,164




Page 5

 
IKAN TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Other debtors
14,156
-

14,156
-



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
22,204
22,204

Other creditors
44,900
52,851

Accruals and deferred income
1,080
1,080

68,184
76,135


The following liabilities were secured:

2024
2023
£
£



Bank loans
22,204
22,204

22,204
22,204

Details of security provided:

Bank loans are secured against the assets of the company and contain fixed and floating charges and a negative pledge.

Page 6

 
IKAN TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
24,210
47,020

24,210
47,020


The following liabilities were secured:

2024
2023
£
£



Bank loans
24,210
47,020

24,210
47,020

Details of security provided:

Bank loans are secured against the assets of the company and contain fixed and floating charges and a negative pledge.

Page 7

 
IKAN TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
22,204
22,204


22,204
22,204

Amounts falling due 1-2 years

Bank loans
22,204
22,204


22,204
22,204

Amounts falling due 2-5 years

Bank loans
2,006
24,816


2,006
24,816


46,414
69,224



10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



25 (2023 - 25) Ordinary A shares of £1.00 each
25
25
25 (2023 - 25) Ordinary B shares of £1.00 each
25
25
50 (2023 - 50) Ordinary C shares of £1.00 each
50
50

100

100



11.


Transactions with directors

As at the balance sheet date £44,900 (2023: £44,900) was due to the directors. The loan is interest free and repayable on demand.

 
Page 8