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Company Registration No. 03843022 (England and Wales)
N K Enterprises Ltd Unaudited accounts for the year ended 31 December 2024
N K Enterprises Ltd Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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N K Enterprises Ltd Company Information for the year ended 31 December 2024
Directors
Dipak Kondhia Jyoti Kondhia Naren Kondhia Avni Kondhia Pooja Kondhia
Secretary
Dipak Kondhia
Company Number
03843022 (England and Wales)
Registered Office
8 PINNER VIEW HARROW MIDDLESEX HA1 4QA GB
Accountants
A J Shah and Company 8 Pinner View Harrow Middlesex HA1 4QA
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of N K Enterprises Ltd for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of N K Enterprises Ltd for the year ended 31 December 2024 as set out on pages 5 - 7 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 N K Enterprises Ltd, as a body, in accordance with the terms of our engagement letter dated 21 August 2020. Our work has been undertaken solely to prepare for your approval the accounts of N K Enterprises Ltd and state those matters that we have agreed to state to the Board of Directors of N K Enterprises Ltd, 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 N K Enterprises Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that N K Enterprises Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of N K Enterprises Ltd. You consider that N K Enterprises Ltd 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 N K Enterprises Ltd. 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.
A J Shah and Company Chartered Accountants 8 Pinner View Harrow Middlesex HA1 4QA 1 March 2025
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N K Enterprises Ltd Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
491
509
Current assets
Inventories
227,940
198,990
Debtors
5
7,563
7,563
Cash at bank and in hand
219,253
250,591
454,756
457,144
Creditors: amounts falling due within one year
6
(79,566)
(112,119)
Net current assets
375,190
345,025
Total assets less current liabilities
375,681
345,534
Creditors: amounts falling due after more than one year
7
(4,158)
(14,298)
Net assets
371,523
331,236
Capital and reserves
Called up share capital
2
2
Profit and loss account
371,521
331,234
Shareholders' funds
371,523
331,236
For the year ending 31 December 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 1 March 2025 and were signed on its behalf by
Dipak Kondhia Director Company Registration No. 03843022
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N K Enterprises Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
N K Enterprises Ltd is a private company, limited by shares, registered in England and Wales, registration number 03843022. The registered office is 8 PINNER VIEW, HARROW, MIDDLESEX, HA1 4QA, GB.
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:
Land & buildings
2%
Plant & machinery
10%
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2024
880
48,802
49,682
At 31 December 2024
880
48,802
49,682
Depreciation
At 1 January 2024
373
48,800
49,173
Charge for the year
18
-
18
At 31 December 2024
391
48,800
49,191
Net book value
At 31 December 2024
489
2
491
At 31 December 2023
507
2
509
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Accrued income and prepayments
7,563
7,563
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N K Enterprises Ltd Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,648
10,648
VAT
199
5,719
Trade creditors
13,226
33,477
Taxes and social security
10,932
9,465
Other creditors
2,707
1,261
Loans from directors
5,009
134
Accruals
36,845
51,415
79,566
112,119
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
4,158
14,298
8
Loans to directors
Amounts due to directors at the balance sheet date is (£2,702) (2023: £135). The balance arose as a series of small loans. During the period expenses were paid by the director on behalf of the business and were subsequently reimbursed.
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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