1 May 2023 false No description of principal activity Taxfiler 2024.6 07063712business:PrivateLimitedCompanyLtd2023-05-012024-04-30 070637122023-04-30 070637122023-05-012024-04-30 07063712business:AuditExempt-NoAccountantsReport2023-05-012024-04-30 07063712business:FilletedAccounts2023-05-012024-04-30 070637122024-04-30 070637122023-04-30 07063712core:WithinOneYear2024-04-30 07063712core:WithinOneYear2023-04-30 07063712core:AfterOneYear2024-04-30 07063712core:AfterOneYear2023-04-30 07063712core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 07063712core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 07063712core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 07063712core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 07063712core:PreviouslyStatedAmount2024-04-30 07063712core:PreviouslyStatedAmount2023-04-30 07063712business:SmallEntities2023-05-012024-04-30 07063712business:Director12023-05-012024-04-30 07063712countries:EnglandWales2023-05-012024-04-30 07063712business:RegisteredOffice2023-05-012024-04-30 07063712core:PlantMachinery2023-05-012024-04-30 07063712core:FurnitureFittings2023-05-012024-04-30 07063712core:ComputerEquipment2023-05-012024-04-30 07063712core:Goodwill2023-04-30 07063712core:Goodwill2024-04-30 07063712core:Goodwill2023-05-012024-04-30 07063712core:PlantMachinery2023-04-30 07063712core:MotorVehicles2023-04-30 07063712core:FurnitureFittings2023-04-30 07063712core:ComputerEquipment2023-04-30 07063712core:PlantMachinery2024-04-30 07063712core:MotorVehicles2024-04-30 07063712core:FurnitureFittings2024-04-30 07063712core:ComputerEquipment2024-04-30 07063712core:MotorVehicles2023-05-012024-04-30 070637122022-05-012023-04-30 iso4217:GBP xbrli:pure
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
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
25,000 
30,000 
Tangible assets
26,273 
33,594 
51,273 
63,594 
Current assets
Inventories
72,200 
72,350 
Debtors
103,430 
129,242 
Cash at bank and in hand
35,350 
61,780 
210,980 
263,372 
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)
Net assets
23,457 
61,822 
Capital and reserves
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
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KHAN INTERNATIONAL TRADES LIMITED Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
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
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets
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
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2023
100,000 
At 30 April 2024
100,000 
Amortisation
At 1 May 2023
70,000 
Charge for the year
5,000 
At 30 April 2024
75,000 
Net book value
At 30 April 2024
25,000 
At 30 April 2023
30,000 
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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 
Depreciation
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 
Net book value
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 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
103,430 
129,242 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
852 
1,942 
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 
Accruals
2,269 
2,269 
217,129 
233,381 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
21,667 
31,763 
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).
- 4 -