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REGISTERED NUMBER: 06291747 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 May 2024

for

S N KHAN LTD

S N KHAN LTD (REGISTERED NUMBER: 06291747)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S N KHAN LTD

Company Information
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Dr S N Khan
Dr K N Street





SECRETARY: Dr K N Street





REGISTERED OFFICE: 3 Southernhay West
Exeter
EX1 1JG





REGISTERED NUMBER: 06291747 (England and Wales)





ACCOUNTANTS: Gravita
3 Southernhay West
Exeter
Devon
EX1 1JG

S N KHAN LTD (REGISTERED NUMBER: 06291747)

Balance Sheet
31 MAY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 41,586 349
Investments 5 1,000 1,000
42,586 1,349

CURRENT ASSETS
Debtors 6 601,886 562,654
Cash at bank 3,495 2,732
605,381 565,386
CREDITORS
Amounts falling due within one year 7 (80,874 ) (180,334 )
NET CURRENT ASSETS 524,507 385,052
TOTAL ASSETS LESS CURRENT
LIABILITIES

567,093

386,401

CREDITORS
Amounts falling due after more than one
year

8

(11,667

)

(21,667

)

PROVISIONS FOR LIABILITIES (10,310 ) (87 )
NET ASSETS 545,116 364,647

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 545,016 364,547
SHAREHOLDERS' FUNDS 545,116 364,647

S N KHAN LTD (REGISTERED NUMBER: 06291747)

Balance Sheet - continued
31 MAY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by:





Dr S N Khan - Director


S N KHAN LTD (REGISTERED NUMBER: 06291747)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024


1. COMPANY INFORMATION

S N Khan Limited 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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover represents amounts chargeable in respect of the sale of services falling within the company's ordinary activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% -33% on reducing balance
Motor vehicles - 25% on reducing balance

Cash and cash equivalents
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.


S N KHAN LTD (REGISTERED NUMBER: 06291747)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2023 437 - 437
Additions - 46,090 46,090
At 31 May 2024 437 46,090 46,527
DEPRECIATION
At 1 June 2023 88 - 88
Charge for year 52 4,801 4,853
At 31 May 2024 140 4,801 4,941
NET BOOK VALUE
At 31 May 2024 297 41,289 41,586
At 31 May 2023 349 - 349

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023
and 31 May 2024 1,000
NET BOOK VALUE
At 31 May 2024 1,000
At 31 May 2023 1,000

S N KHAN LTD (REGISTERED NUMBER: 06291747)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 43,372 30,705
Other debtors 544,000 530,000
Prepayments 14,514 1,949
601,886 562,654

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Tax 47,501 -
Directors' current accounts 20,974 169,135
Accrued expenses 2,399 1,199
80,874 180,334

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 1,667 11,667
11,667 21,667

9. RELATED PARTY DISCLOSURES

There is a intercompany loan account with a company controlled by the same director as SN Khan Ltd. At the balance sheet date the amount due from the company was £544,000. This loan is interest free..