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Company Registration No. 09820690 (England and Wales)
Ikstar Limited Unaudited accounts for the year ended 31 October 2024
Ikstar Limited Unaudited accounts Contents
Page
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Ikstar Limited Company Information for the year ended 31 October 2024
Directors
VINDHANI, Inaayat Husain VINDHANI, Mohammad Ikhlaaq
Company Number
09820690 (England and Wales)
Registered Office
47 London Road Oadby Leicester LE2 5DN England
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Ikstar Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
28,546 
33,583 
Current assets
Inventories
365,200 
315,901 
Debtors
7,850 
12,642 
Cash at bank and in hand
3,143 
3,061 
376,193 
331,604 
Creditors: amounts falling due within one year
(330,130)
(270,352)
Net current assets
46,063 
61,252 
Total assets less current liabilities
74,609 
94,835 
Creditors: amounts falling due after more than one year
(60,445)
(67,944)
Provisions for liabilities
Deferred tax
(7,137)
(8,396)
Other provisions
(950)
(950)
(8,087)
(9,346)
Net assets
6,077 
17,545 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
5,977 
17,445 
Shareholders' funds
6,077 
17,545 
For the year ending 31 October 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 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 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 of Directors and authorised for issue on 22 July 2025 and were signed on its behalf by
VINDHANI, Inaayat Husain Director Company Registration No. 09820690
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Ikstar Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Ikstar Limited is a private company, limited by shares, registered in England and Wales, registration number 09820690. The registered office is 47 London Road, Oadby , Leicester, LE2 5DN, England.
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.
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:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2023
6,866 
21,216 
34,917 
62,999 
At 31 October 2024
6,866 
21,216 
34,917 
62,999 
Depreciation
At 1 November 2023
4,731 
8,919 
15,766 
29,416 
Charge for the year
320 
1,844 
2,873 
5,037 
At 31 October 2024
5,051 
10,763 
18,639 
34,453 
Net book value
At 31 October 2024
1,815 
10,453 
16,278 
28,546 
At 31 October 2023
2,135 
12,297 
19,151 
33,583 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,850 
12,642 
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Ikstar Limited Notes to the Accounts for the year ended 31 October 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,190 
13,915 
Trade creditors
314,584 
210,988 
Taxes and social security
13,813 
14,230 
Other creditors
15,431 
15,287 
Loans from directors
(17,888)
15,932 
330,130 
270,352 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
60,445 
67,944 
8
Loans to directors
There were amounts totaling £17,888 due from the directors and cleared within 9 months of the year end.
9
Average number of employees
During the year the average number of employees was 10 (2023: 10).
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