Company Registration No. 11045245 (England and Wales)
HKM GROUP LTD
Unaudited accounts
for the year ended 31 January 2024
HKM GROUP LTD
Unaudited accounts
Contents
HKM GROUP LTD
Company Information
for the year ended 31 January 2024
Directors
Haroon Muhmood
Khalid Muhmood
Company Number
11045245 (England and Wales)
Registered Office
43 Clare Road
CARDIFF
CF11 6QP
WALES
Accountants
Numera Accountancy Ltd
Certified Public Accountants
39 Clive Street
CARDIFF
CF11 7HJ
HKM GROUP LTD
Statement of financial position
as at 31 January 2024
Tangible assets
22,014
29,352
Investment property
602,076
602,076
Cash at bank and in hand
28
353
Creditors: amounts falling due within one year
(39,585)
(46,052)
Net current assets
117,269
17,003
Total assets less current liabilities
741,359
648,431
Creditors: amounts falling due after more than one year
(672,298)
(684,485)
Net assets/(liabilities)
69,061
(36,054)
Called up share capital
100
100
Profit and loss account
68,961
(36,154)
Shareholders' funds
69,061
(36,054)
For the year ending 31 January 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 directors acknowledge their 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 of Directors and authorised for issue on 31 December 2024 and were signed on its behalf by
Haroon Muhmood
Director
Company Registration No. 11045245
HKM GROUP LTD
Notes to the Accounts
for the year ended 31 January 2024
HKM GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 11045245. The registered office is 43 Clare Road, CARDIFF, CF11 6QP, WALES.
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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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:
HKM GROUP LTD
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2023
17,679
66,208
83,887
At 31 January 2024
17,679
66,208
83,887
At 1 February 2023
12,067
42,468
54,535
Charge for the year
1,403
5,935
7,338
At 31 January 2024
13,470
48,403
61,873
At 31 January 2024
4,209
17,805
22,014
At 31 January 2023
5,612
23,740
29,352
Fair value at 1 February 2023
602,076
At 31 January 2024
602,076
Amounts falling due within one year
Trade debtors
140,294
54,294
Other debtors
16,532
8,408
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,940
4,240
Taxes and social security
10,854
-
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
181,100
194,274
Loans from directors
186,052
490,211
HKM GROUP LTD
Notes to the Accounts
for the year ended 31 January 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).