Registered number
11402963
Ikkar London Ltd
Filleted Accounts
30 June 2024
Ikkar London Ltd
Registered number: 11402963
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 378,107 4,999
Current assets
Stocks 3,070 2,910
Debtors 4 2,514 1,690
Cash at bank and in hand 11,977 117,784
17,561 122,384
Creditors: amounts falling due within one year 5 (28,099) (40,585)
Net current (liabilities)/assets (10,538) 81,799
Total assets less current liabilities 367,569 86,798
Creditors: amounts falling due after more than one year 6 (300,000) -
Net assets 67,569 86,798
Capital and reserves
Called up share capital 100 100
Profit and loss account 67,469 86,698
Shareholders' funds 67,569 86,798
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Baek
Director
Approved by the board on 20 February 2025
Ikkar London Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 July 2023 - 21,065 21,065
Additions 374,358 - 374,358
At 30 June 2024 374,358 21,065 395,423
Depreciation
At 1 July 2023 - 16,066 16,066
Charge for the year - 1,250 1,250
At 30 June 2024 - 17,316 17,316
Net book value
At 30 June 2024 374,358 3,749 378,107
At 30 June 2023 - 4,999 4,999
4 Debtors 2024 2023
£ £
Trade debtors 2,514 -
Other debtors - 1,690
2,514 1,690
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 6,056 15,911
Other creditors 22,043 24,674
28,099 40,585
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 300,000 -
7 Other information
Ikkar London Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Suite 41, Chessington Business Centre
37 Cox Lane
Chessington
Surrey
KT9 1SD
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