KHURAM BARVI & ACCOUNTANTS LTD

Company Registration Number:
15610792 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2025

Period of accounts

Start date: 02 April 2024

End date: 31 March 2025

KHURAM BARVI & ACCOUNTANTS LTD

Contents of the Financial Statements

for the Period Ended 31 March 2025

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 12

KHURAM BARVI & ACCOUNTANTS LTD

Company Information

for the Period Ended 31 March 2025




Director: Khuram Barvi
Registered office: 155
Altmore Avenue
London
England
E6 2BT
Company Registration Number: 15610792 (England and Wales)

KHURAM BARVI & ACCOUNTANTS LTD

Directors' Report Period Ended 31 March 2025

The directors present their report with the financial statements of the company for the period ended 31 March 2025

Principal Activities

The company specializes in delivering a comprehensive range of professional services, including financial management, bookkeeping, tax preparation, payroll processing, business valuation, and business modeling.

Political and charitable donations

No political or charitable donations were made during the financial year ended 31 March 2025. However, the company plans to initiate such donations in the current financial year, starting April 1, 2025, as part of its commitment to community engagement and corporate responsibility.

Company policy on the employment of disabled persons

Khuram Barvi & Accountants Ltd. is committed to promoting equality of opportunity for all employees, including those with disabilities. The company’s policy is to ensure that individuals with disabilities are provided with equal access to employment opportunities, training, and career development. Where an employee becomes disabled during their employment, the company will make reasonable adjustments to their working environment or role to support their continued contribution, in compliance with the Equality Act 2010. The company also aims to raise awareness among staff about disability-related issues and will review this policy annually to ensure its effectiveness.

Additional information

The director wishes to provide the following additional information for the financial year ended 31 March 2025. The company operates from East London and Woodford Green. Financial statements have been prepared on an accrual basis, reflecting a net profit of £7,777 and total net assets 52,299 as of 31 March 2025. The director, Khuram Barvi, is fully employed outside the business, necessitating the use of subcontractors, which contributed to cost totalling 35,730. The company plans to enhance operational efficiency by reducing reliance on subcontractors through strategic workforce adjustments.

Directors

The director(s) shown below were appointed to the company during the period
Khuram Barvi
02 April 2024

This report was approved by the board of directors on 6 June 2025
And Signed On Behalf Of The Board By:

Name: Khuram Barvi
Status: Director

KHURAM BARVI & ACCOUNTANTS LTD

Profit and Loss Account

for the Period Ended 31 March 2025


Notes

2025
£
Turnover 80,226
Cost of sales ( 29,731 )
Gross Profit or (Loss) 50,495
Income from coronavirus (COVID-19) business support grants 0
Distribution Costs ( 0 )
Administrative Expenses ( 42,718 )
Operating Profit or (Loss) 7,777
Interest Receivable and Similar Income 0
Interest Payable and Similar Charges ( 0 )
Profit or (Loss) Before Tax 7,777
Tax on Profit ( 1,478 )
Profit or (Loss) for Period 6,299

The notes form part of these financial statements

KHURAM BARVI & ACCOUNTANTS LTD

Balance sheet

As at 31 March 2025


Notes

2025
£
Fixed assets
Tangible assets: 4 23,500
Total fixed assets: 23,500
Current assets
Debtors: 5 26,509
Cash at bank and in hand: 12,024
Total current assets: 38,533
Creditors: amounts falling due within one year: 6 ( 9,734 )
Net current assets (liabilities): 28,799
Total assets less current liabilities: 52,299
Total net assets (liabilities): 52,299

The notes form part of these financial statements

KHURAM BARVI & ACCOUNTANTS LTD

Balance sheet continued

As at 31 March 2025


Notes

2025
£
Capital and reserves
Called up share capital: 46,000
Profit and loss account: 6,299
Shareholders funds: 52,299

For the year ending 31 March 2025 the company was entitled to exemption 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.

This report was approved by the board of directors on 6 June 2025
And Signed On Behalf Of The Board By:

Name: Khuram Barvi
Status: Director

The notes form part of these financial statements

KHURAM BARVI & ACCOUNTANTS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover figure of £80,225.50 reported in the profit and loss account represents amounts receivable for accounting and financial services provided during the year ended 31 March 2025, net of trade discounts. As the company is not VAT registered, no value added tax has been deducted from the turnover figure.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less accumulated depreciation and any recognized impairment loss. 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 on a straight-line basis over its expected useful life, as follows:

    Plant and Machinery: 3 years straight-line.
    Motor Vehicles: 5 years straight-line.
    Furniture and Fixtures: 3 years straight-line.
    Office Equipment: 3 years straight-line.
    The residual values and useful lives of assets are reviewed, and adjusted if appropriate, at each balance sheet date. Assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An asset’s carrying amount is written down immediately to its recoverable amount if the asset’s carrying amount is greater than its estimated recoverable amount.

    Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognized within ‘other operating income’ or ‘other operating expenses’ in the profit and loss account. Repairs and maintenance costs are charged to the profit and loss account during the financial period in which they are incurred.

KHURAM BARVI & ACCOUNTANTS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 1. Accounting policies (continued)

    Other accounting policies

    The company has adopted the following additional accounting policies, which are not covered by the notes above, in accordance with Section 1A (Small Entities) of Financial Reporting Standard 102: Depreciation of Assets Obtained Under Hire Purchases or Leases: Assets acquired under hire purchase agreements or finance leases are capitalized at the lower of the fair value of the asset or the present value of the minimum lease payments at the inception of the lease. Depreciation is provided on these assets on a straight-line basis over their estimated useful lives, consistent with the depreciation policy for owned assets (3 years for Plant and Machinery, Office Equipment, and Furniture and Fixtures; 5 years for Motor Vehicles). Lease payments are apportioned between finance charges and reduction of the lease liability, with finance charges recognized in the profit and loss account to achieve a constant rate of interest on the remaining balance of the liability. Deferred Taxation: Deferred tax is recognized in respect of all timing differences that have originated but not reversed at the balance sheet date, where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred. Deferred tax is measured at the average tax rates that are expected to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date. No deferred tax asset is recognized to the extent that it is not probable that future taxable profits will be available against which the asset can be utilized. Pensions and Retirement Benefits: The company operates a defined contribution pension scheme for eligible employees. Contributions payable to the scheme are charged to the profit and loss account in the period to which they relate. There are no other post-retirement benefits provided by the company, and no obligations exist for pension costs beyond the contributions disclosed.

KHURAM BARVI & ACCOUNTANTS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees


    2025
    Average number of employees during the period 4

KHURAM BARVI & ACCOUNTANTS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 3. Off balance sheet disclosure

    No

KHURAM BARVI & ACCOUNTANTS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Tangible assets

Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £
Additions 7,800 4,200 17,500 29,500
Disposals ( 0 ) ( 0 ) ( 0 ) ( 0 )
Revaluations 0 0 0 0
Transfers 0 0 0 0
At 31 March 2025 7,800 4,200 17,500 29,500
Depreciation
Charge for year 2,383 1,284 2,333 6,000
On disposals ( 0 ) ( 0 ) ( 0 ) ( 0 )
Other adjustments 0 0 0 0
At 31 March 2025 2,383 1,284 2,333 6,000
Net book value
At 31 March 2025 5,417 2,916 15,167 23,500

KHURAM BARVI & ACCOUNTANTS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Debtors


2025
£
Trade debtors 26,509
Prepayments and accrued income 0
Other debtors 0
Total 26,509
Debtors due after more than one year: 0

KHURAM BARVI & ACCOUNTANTS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

6.Creditors: amounts falling due within one year note


2025
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 8,256
Taxation and social security 1,478
Accruals and deferred income 0
Other creditors 0
Total 9,734