A Kahn Design Limited - Filleted accounts

Registered number

03616548

A Kahn Design Limited

Unaudited Accounts

31 December 2024

A Kahn Design Limited
Report and accounts
Contents




Page

Company information	1
Balance sheet	2
Accounting policies	3-4
Notes to the accounts	4-6

A Kahn Design Limited

Company Information

Director

A Kahn

Accountants

Mayden Group Ltd

Chartered Certified Accountant

Auburn House, 4th Floor

Bradford

BD1 3NU

Registered office

240 Canal Road

Bradford

West Yorkshire

BD1 4SX

Registered number

03616548

A Kahn Design Limited
Registered number:		03616548
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		187,862			217,883

Current assets
Stocks		961,491			940,570
Debtors	4	4,714,996			3,755,646
Cash at bank and in hand		53,848			957,067
		5,730,335			5,653,283

Creditors: amounts falling due within one year	5	(758,974)			(836,066)

Net current assets			4,971,361			4,817,217

Net assets			5,159,223			5,035,100

Capital and reserves
Called up share capital	6		100			100
Profit and loss account	7		5,159,123			5,035,000

Shareholders' funds			5,159,223			5,035,100

The director is 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 director acknowledges his 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.




A Kahn
Director
Approved by the board on 16 September 2025

A Kahn Design Limited
Notes to the Accounts
for the year ended 31 December 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).

	Going concern
	The Director has considered the going concern basis of preparation of the accounts. As disclosed in the contingent liabilities note, the Company is part of a banking group ("The Group") involving other related companies and is potentially liable for certain banking liabilities of those companies. The Group also benefits from the potential access to funds of other related companies outside of the banking group. Accordingly, the Director has considered the going concern basis of preparation of the accounts with regard to these potential liabilities and access to other funds. The Company has prepared cash flow forecasts for a period of twelve months following the date of approval of these accounts.Having reviewed the forecast information referred to above, the Director is confident that the business can settle its debts as they fall due over the next 12 months. Accordingly, the Director has concluded that no material uncertainty in relation to going concern exists and have prepared the accounts on a going concern basis.

	Turnover
	Turnover comprises the fair value of the consideration received for the sale of goods in the ordinary course of the company's activities. Turnover is shown net of value added tax and discounts and is recognised when the amount of revenue can be reliably measured, and it is probable that future economic benefits will flow to the entity.

	Tangible fixed assets
	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:

	Plant & machinery			25% reducing balance
	Fixtures & fittings			20% - 30% reducing balance
	Computer equipment			25% straight line
	Motor vehicles			25% reducing balance

	Stocks
	Stocks are stated at the lower of cost and estimated selling price less cost to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. The cost of finished goods and work in progress comprises direct material and, where applicable, direct labour cost and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to the selling price less cost to complete and sell; the impairment loss is recognised immediately in profit or loss.

	Trade debtors
	Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

	Trade creditors
	Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

	Foreign currency translation
	Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured. Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

	Financial instruments
	Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments according to the substance of the contractual arrangement. Equity instruments are those that entitle the holder to a residual interest in the company's assets after deducting all of its liabilities. Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

	Defined contribution pension obligation
	A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior years. Contributions to defined contribution plans are recognised as employee benefit expense when they are due.

	Share capital
	Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of direct costs of issuing equity instruments.

2	Employees							2024		2023
Number									Number
	Average number of persons employed by the company							24		24

3	Tangible fixed assets
		Land and buildings		Plant and machinery		Fixture & fittings		Motor vehicles		Total
£			£		£		£		£
	Cost
	At 1 January 2024	108,236		1,453,247		241,811		9,700		1,812,994
	Additions	2,141		-		3,806		2,600		8,547
	At 31 December 2024	110,377		1,453,247		245,617		12,300		1,821,541

	Depreciation
	At 1 January 2024	26,528		1,350,328		208,555		9,700		1,595,111
	Charge for the year	4,329		25,730		8,455		54		38,568
	At 31 December 2024	30,857		1,376,058		217,010		9,754		1,633,679

	Net book value
	At 31 December 2024	79,520		77,189		28,607		2,546		187,862
	At 31 December 2023	81,708		102,919		33,256		-		217,883


4	Debtors							2024		2023
£									£

	Trade debtors							86,575		62,445
	Amounts owed by group and related undertakings							4,539,264		3,555,104
	Other debtors							19,306		25,068
	Prepayments and accrued income							69,851		113,029
								4,714,996		3,755,646


5	Creditors: amounts falling due within one year							2024		2023
£									£

	Bank loans and overdrafts							62,706		-
	Amount due to related undertakings							3,310		3,592
	Trade creditors							269,044		299,123
	Taxation and social security costs							192,527		228,892
	Other creditors							223,671		289,401
	Accruals							7,716		15,058
								758,974		836,066


6	Called-up share capital							Authorised	Allotted
£									£
	The authorised and allotted share capital at 31 December 2024 and 31 December 2023 was:
	Equity shares
	Ordinary shares of £1 each							100		100
								100		100

7	Reserves							Profit & loss account
£
	As at 1 January 2024									5,035,000
	Retained profit for the financial year									124,123
	As at 31 December 2024									5,159,123


8	Contingent liabilities

	The Company has provided a cross guarantee for debts owed by Project Kahn Limited, Kahn Landmark Limited, Chelsea Truck Company Limited and Kensington Landmark Limited. These debts are secured by fixed and floating charges over all property, assets and rights of the Company, present and future. At 31 December 2024, the gross debt owed by these companies under the guarantee amounted to £2,080,017. The net debt of fellow group companies covered under the guarantee amounted to £2,071,159.

9	Controlling party

	The Company is controlled by Mr A Kahn by virtue of his shareholding.

#	Other information

	A Kahn Design Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
	240 Canal Road
	Bradford
	West Yorkshire
	BD1 4SX