Company Registration No. 07063712 (England and Wales)
KHAN INTERNATIONAL TRADES LIMITED
Unaudited accounts
for the year ended 30 April 2024
KHAN INTERNATIONAL TRADES LIMITED
Statement of financial position
as at 30 April 2024
Intangible assets
25,000
30,000
Tangible assets
26,273
33,594
Cash at bank and in hand
35,350
61,780
Creditors: amounts falling due within one year
(217,129)
(233,381)
Net current (liabilities)/assets
(6,149)
29,991
Total assets less current liabilities
45,124
93,585
Creditors: amounts falling due after more than one year
(21,667)
(31,763)
Called up share capital
1,000
1,000
Profit and loss account
22,457
60,822
Shareholders' funds
23,457
61,822
For the year ending 30 April 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 30 January 2025 and were signed on its behalf by
Mr. A U Khan
Director
Company Registration No. 07063712
KHAN INTERNATIONAL TRADES LIMITED
Notes to the Accounts
for the year ended 30 April 2024
KHAN INTERNATIONAL TRADES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07063712. The registered office is UNIT 7-10, CHEAPSIDE INDUSTRIAL ESTATE, BIRMINGHAM, WEST MIDLANDS, B12 0PG.
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
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
25% reducing balance
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years
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Intangible fixed assets
Goodwill
KHAN INTERNATIONAL TRADES LIMITED
Notes to the Accounts
for the year ended 30 April 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 May 2023
61,632
13,600
27,975
8,392
111,599
At 30 April 2024
61,632
13,600
27,975
8,392
111,599
At 1 May 2023
42,211
3,400
25,844
6,550
78,005
Charge for the year
3,884
2,550
461
426
7,321
At 30 April 2024
46,095
5,950
26,305
6,976
85,326
At 30 April 2024
15,537
7,650
1,670
1,416
26,273
At 30 April 2023
19,421
10,200
2,131
1,842
33,594
Amounts falling due within one year
Trade debtors
103,430
129,242
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Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
1,422
Trade creditors
70,570
69,885
Taxes and social security
13,946
23,299
Other creditors
5,082
5,457
Loans from directors
124,410
129,107
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).