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Company Registration No. 06558621 (England and Wales)
Javed Khan Limited Unaudited accounts for the year ended 30 June 2024
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Javed Khan Limited for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Javed Khan Limited for the year ended 30 June 2024 as set out on pages 3 - 5 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Javed Khan Limited, as a body, in accordance with the terms of our engagement letter dated 3 December 2024. Our work has been undertaken solely to prepare for your approval the accounts of Javed Khan Limited and state those matters that we have agreed to state to the Board of Directors of Javed Khan Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Javed Khan Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Javed Khan Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Javed Khan Limited. You consider that Javed Khan Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Javed Khan Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Sigma Chartered Accountants Chartered Accountants J O Hunter House 409 Bradford Road Huddersfield West Yorkshire HD2 2RB 3 December 2024
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Javed Khan Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
206,000 
231,750 
Tangible assets
8,439 
3,732 
214,439 
235,482 
Current assets
Inventories
8,750 
5,348 
Cash at bank and in hand
11,492 
1,823 
20,242 
7,171 
Creditors: amounts falling due within one year
(154,331)
(80,357)
Net current liabilities
(134,089)
(73,186)
Total assets less current liabilities
80,350 
162,296 
Creditors: amounts falling due after more than one year
(20,000)
(30,000)
Provisions for liabilities
Deferred tax
(1,608)
(709)
Net assets
58,742 
131,587 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
58,732 
131,577 
Shareholders' funds
58,742 
131,587 
For the year ending 30 June 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 3 December 2024 and were signed on its behalf by
Dr Javed Khan Director Company Registration No. 06558621
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Javed Khan Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Javed Khan Limited is a private company, limited by shares, registered in England and Wales, registration number 06558621. The registered office is 6 Welburn Close, Sandal, Wakefield, WF2 6QZ.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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% on cost.
Computer equipment
25% on cost.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Javed Khan Limited Notes to the Accounts for the year ended 30 June 2024
4
Intangible fixed assets
Total 
£ 
Cost
At 1 July 2023
515,000 
At 30 June 2024
515,000 
Amortisation
At 1 July 2023
283,250 
Charge for the year
25,750 
At 30 June 2024
309,000 
Net book value
At 30 June 2024
206,000 
At 30 June 2023
231,750 
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 July 2023
47,823 
Additions
8,371 
At 30 June 2024
56,194 
Depreciation
At 1 July 2023
44,091 
Charge for the year
3,664 
At 30 June 2024
47,755 
Net book value
At 30 June 2024
8,439 
At 30 June 2023
3,732 
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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