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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
Page
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NIKHIL KANANI LTD Company Information for the year ended 31 May 2024
Director
Nikhil Kanani
Company Number
13392404 (England and Wales)
Registered Office
47 SANDBOURNE AVENUE LONDON SW19 3EW ENGLAND
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NIKHIL KANANI LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,551 
4,815 
Current assets
Debtors
72,545 
100,363 
Cash at bank and in hand
201,847 
144,239 
274,392 
244,602 
Creditors: amounts falling due within one year
(119,711)
(103,368)
Net current assets
154,681 
141,234 
Net assets
160,232 
146,049 
Capital and reserves
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
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NIKHIL KANANI LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
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:
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 
Additions
736 
- 
736 
At 31 May 2024
7,419 
4,332 
11,751 
Depreciation
At 1 June 2023
3,342 
2,858 
6,200 
At 31 May 2024
3,342 
2,858 
6,200 
Net book value
At 31 May 2024
4,077 
1,474 
5,551 
At 31 May 2023
3,341 
1,474 
4,815 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
60,363 
100,363 
Amounts falling due after more than one year
Trade debtors
12,182 
- 
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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 
Accruals
9,775 
- 
119,711 
103,368 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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