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REGISTERED NUMBER: 12998415 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Khaneja Trading Limited

Khaneja Trading Limited (Registered number: 12998415)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Khaneja Trading Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: N Singh





REGISTERED OFFICE: 1 Agincourt Villas
Uxbridge Road
Hillingdon
Middlesex
UB10 0NX





REGISTERED NUMBER: 12998415 (England and Wales)





ACCOUNTANTS: SK Associates Ltd
1 Agincourt Villas
Uxbridge Road
Hillingdon
Middlesex
UB10 0NX

Khaneja Trading Limited (Registered number: 12998415)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 161,500 -
Tangible assets 5 7,470 7,547
168,970 7,547

CURRENT ASSETS
Stocks 26,924 17,801
Debtors 6 15,679 156,132
Cash at bank and in hand 20,367 34,813
62,970 208,746
CREDITORS
Amounts falling due within one year 7 67,133 20,023
NET CURRENT (LIABILITIES)/ASSETS (4,163 ) 188,723
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,807

196,270

CREDITORS
Amounts falling due after more than
one year

8

(124,425

)

(155,562

)

PROVISIONS FOR LIABILITIES (1,670 ) (1,670 )
NET ASSETS 38,712 39,038

Khaneja Trading Limited (Registered number: 12998415)

Balance Sheet - continued
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 38,612 38,938
38,712 39,038

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 12 August 2025 and were signed by:





N Singh - Director


Khaneja Trading Limited (Registered number: 12998415)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Khaneja Trading 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Khaneja Trading Limited (Registered number: 12998415)

Notes to the Financial Statements - continued
for the Year Ended 30 November 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 170,000
At 30 November 2024 170,000
AMORTISATION
Amortisation for year 8,500
At 30 November 2024 8,500
NET BOOK VALUE
At 30 November 2024 161,500

Khaneja Trading Limited (Registered number: 12998415)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2023 - 3,000 10,990 13,990
Additions 1,433 - - 1,433
At 30 November 2024 1,433 3,000 10,990 15,423
DEPRECIATION
At 1 December 2023 - 1,080 5,363 6,443
Charge for year - 384 1,126 1,510
At 30 November 2024 - 1,464 6,489 7,953
NET BOOK VALUE
At 30 November 2024 1,433 1,536 4,501 7,470
At 30 November 2023 - 1,920 5,627 7,547

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Other debtors 15,679 156,132

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts - 3,470
Trade creditors 21,649 756
Taxation and social security 15,626 5,034
Other creditors 29,858 10,763
67,133 20,023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans 2,547 562
Other creditors 121,878 155,000
124,425 155,562

Khaneja Trading Limited (Registered number: 12998415)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

30.11.24 30.11.23
£    £   
N Singh
Balance outstanding at start of year 1,308 10,183
Amounts advanced 24,200 -
Amounts repaid - (8,875 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,508 1,308