Company Registration No. 13392404 (England and Wales)
NIKHIL KANANI LTD
Unaudited accounts
for the year ended 31 May 2024
NIKHIL KANANI LTD
Unaudited accounts
Contents
NIKHIL KANANI LTD
Company Information
for the year ended 31 May 2024
Company Number
13392404 (England and Wales)
Registered Office
47 SANDBOURNE AVENUE
LONDON
SW19 3EW
ENGLAND
NIKHIL KANANI LTD
Statement of financial position
as at 31 May 2024
Tangible assets
5,551
4,815
Cash at bank and in hand
201,847
144,239
Creditors: amounts falling due within one year
(119,711)
(103,368)
Net current assets
154,681
141,234
Net assets
160,232
146,049
Called up share capital
1
1
Profit and loss account
160,231
146,048
Shareholders' funds
160,232
146,049
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 26 January 2025 and were signed on its behalf by
Nikhil Kanani
Director
Company Registration No. 13392404
NIKHIL KANANI LTD
Notes to the Accounts
for the year ended 31 May 2024
NIKHIL KANANI LTD is a private company, limited by shares, registered in England and Wales, registration number 13392404. The registered office is 47 SANDBOURNE AVENUE, LONDON, SW19 3EW, 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:
Plant & machinery
25% Straight Line
Computer equipment
33% Straight Line
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2023
6,683
4,332
11,015
At 31 May 2024
7,419
4,332
11,751
At 1 June 2023
3,342
2,858
6,200
At 31 May 2024
3,342
2,858
6,200
At 31 May 2024
4,077
1,474
5,551
At 31 May 2023
3,341
1,474
4,815
Amounts falling due within one year
Accrued income and prepayments
60,363
100,363
Amounts falling due after more than one year
NIKHIL KANANI LTD
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
14,494
21,376
Loans from directors
95,442
81,992
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).