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REGISTERED NUMBER: 06339871 (England and Wales)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

EKANTIKA LTD

EKANTIKA LTD (REGISTERED NUMBER: 06339871)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EKANTIKA LTD

COMPANY INFORMATION
for the Year Ended 30th September 2024







Directors: S Kanji
Mrs S Kanji





Registered office: 164 Kenyon Way
Little Hulton
Manchester
Lancashire
M38 0DJ





Registered number: 06339871 (England and Wales)





Accountants: DBF Associates
Chartered Accountants
South Cheetham B C
10 Park Place
Manchester
Lancashire
M4 4EY

EKANTIKA LTD (REGISTERED NUMBER: 06339871)

BALANCE SHEET
30th September 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 64,144 64,144
Tangible assets 5 80,226 85,560
144,370 149,704

Current assets
Stocks 6 65,125 82,375
Debtors 7 160,921 137,000
Cash in hand 1,837 5,772
227,883 225,147
Creditors
Amounts falling due within one year 8 101,296 87,203
Net current assets 126,587 137,944
Total assets less current liabilities 270,957 287,648

Creditors
Amounts falling due after more than one
year

9

155,390

184,410
Net assets 115,567 103,238

Capital and reserves
Called up share capital 10 100 100
Capital redemption reserve 18 18
Retained earnings 115,449 103,120
Shareholders' funds 115,567 103,238

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

EKANTIKA LTD (REGISTERED NUMBER: 06339871)

BALANCE SHEET - continued
30th September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th February 2025 and were signed on its behalf by:





Mrs S Kanji - Director


EKANTIKA LTD (REGISTERED NUMBER: 06339871)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th September 2024

1. Statutory information

Ekantika Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

EKANTIKA LTD (REGISTERED NUMBER: 06339871)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th September 2024

2. Accounting policies - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 7 (2023 - 7 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1st October 2023
and 30th September 2024 84,400
Amortisation
At 1st October 2023
and 30th September 2024 20,256
Net book value
At 30th September 2024 64,144
At 30th September 2023 64,144

5. Tangible fixed assets
Improvements Fixtures
to and Motor
property fittings vehicles Equipment Totals
£    £    £    £    £   
Cost
At 1st October 2023
and 30th September 2024 50,000 120,951 2,320 3,301 176,572
Depreciation
At 1st October 2023 - 87,419 2,320 1,273 91,012
Charge for year - 5,030 - 304 5,334
At 30th September 2024 - 92,449 2,320 1,577 96,346
Net book value
At 30th September 2024 50,000 28,502 - 1,724 80,226
At 30th September 2023 50,000 33,532 - 2,028 85,560

6. Stocks
2024 2023
£    £   
Stocks 65,125 82,375

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 160,921 137,000

EKANTIKA LTD (REGISTERED NUMBER: 06339871)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th September 2024

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 50,391 48,726
Trade creditors 27,635 22,806
Taxation and social security 13,523 6,530
Other creditors 9,747 9,141
101,296 87,203

9. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 155,390 184,410

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100