1 June 2024 false No description of principal activity Taxfiler 2024.6 05831206business:PrivateLimitedCompanyLtd2024-06-012025-05-31 058312062024-05-31 058312062024-06-012025-05-31 05831206business:AuditExempt-NoAccountantsReport2024-06-012025-05-31 05831206business:FilletedAccounts2024-06-012025-05-31 058312062025-05-31 05831206business:Director12024-06-012025-05-31 05831206business:RegisteredOffice2024-06-012025-05-31 058312062024-05-31 05831206core:WithinOneYear2025-05-31 05831206core:WithinOneYear2024-05-31 05831206core:AfterOneYear2025-05-31 05831206core:AfterOneYear2024-05-31 05831206core:ShareCapitalcore:PreviouslyStatedAmount2025-05-31 05831206core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 05831206core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-05-31 05831206core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 05831206core:PreviouslyStatedAmount2025-05-31 05831206core:PreviouslyStatedAmount2024-05-31 05831206business:SmallEntities2024-06-012025-05-31 05831206countries:EnglandWales2024-06-012025-05-31 05831206core:ComputerEquipment2024-06-012025-05-31 05831206core:FurnitureFittings2024-05-31 05831206core:ComputerEquipment2024-05-31 05831206core:FurnitureFittings2025-05-31 05831206core:ComputerEquipment2025-05-31 05831206core:FurnitureFittings2024-06-012025-05-31 058312062023-06-012024-05-31 iso4217:GBP xbrli:pure
Company Registration No. 05831206 (England and Wales)
I K ASSOCIATES (UK) LIMITED Unaudited accounts for the year ended 31 May 2025
I K ASSOCIATES (UK) LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
I K ASSOCIATES (UK) LIMITED Company Information for the year ended 31 May 2025
Director
Iftikhar Khan
Company Number
05831206 (England and Wales)
Registered Office
Accent Business Centre Office Suite 5 132 Barkerend Road Bradford West Yorkshire BD3 9BE ENGLAND
- 3 -
I K ASSOCIATES (UK) LIMITED Statement of financial position as at 31 May 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
2,621 
3,197 
Current assets
Investments
5
31,581 
41,481 
Cash at bank and in hand
4,825 
15,802 
36,406 
57,283 
Creditors: amounts falling due within one year
6
(55,109)
(45,712)
Net current (liabilities)/assets
(18,703)
11,571 
Total assets less current liabilities
(16,082)
14,768 
Creditors: amounts falling due after more than one year
7
(10,000)
(12,000)
Net (liabilities)/assets
(26,082)
2,768 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(26,083)
2,767 
Shareholders' funds
(26,082)
2,768 
For the year ending 31 May 2025 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 director acknowledges his 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 and authorised for issue on 7 December 2025 and were signed on its behalf by
Iftikhar Khan Director Company Registration No. 05831206
- 4 -
I K ASSOCIATES (UK) LIMITED Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
I K ASSOCIATES (UK) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05831206. The registered office is Accent Business Centre, Office Suite 5, 132 Barkerend Road, Bradford, West Yorkshire, BD3 9BE, 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:
Computer equipment
18%
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2024
9,708 
3,785 
13,493 
At 31 May 2025
9,708 
3,785 
13,493 
Depreciation
At 1 June 2024
8,981 
1,315 
10,296 
Charge for the year
131 
445 
576 
At 31 May 2025
9,112 
1,760 
10,872 
Net book value
At 31 May 2025
596 
2,025 
2,621 
At 31 May 2024
727 
2,470 
3,197 
5
Investments held as current assets
2025 
2024 
£ 
£ 
Listed investments
31,581 
41,481 
- 5 -
I K ASSOCIATES (UK) LIMITED Notes to the Accounts for the year ended 31 May 2025
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Taxes and social security
3,734 
3,557 
Other creditors
1,058 
736 
Loans from directors
- 
1,184 
Deferred income
50,317 
40,235 
55,109 
45,712 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
10,000 
12,000 
8
Average number of employees
During the year the average number of employees was 5 (2024: 3).
- 6 -