KHAWAJA & CO LIMITED - Filleted accounts

Registered number

04488570

KHAWAJA & CO LIMITED

Filleted Accounts

31 March 2025

KHAWAJA & CO LIMITED
Registered number:		04488570
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		540			600

Current assets
Debtors	5	-			505
Cash at bank and in hand		522			2,485
		522			2,990

Creditors: amounts falling due within one year	6	(500)			(1,620)

Net current assets			22			1,370

Net assets			562			1,970

Capital and reserves
Called up share capital			100			100
Profit and loss account			462			1,870

Shareholder's funds			562			1,970

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 member has 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.




M A Khawaja
Director
Approved by the board on 10 November 2025

KHAWAJA & CO LIMITED
Notes to the Accounts
for the year ended 31 March 2025


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).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.





2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		1		1


3	Intangible fixed assets				£
	Goodwill:

	Cost
	At 1 April 2024				68,750
	At 31 March 2025				68,750

	Amortisation
	At 1 April 2024				68,750
	At 31 March 2025				68,750

	Net book value
	At 31 March 2025				-

	Goodwill has completely written off.


4	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2024				10,536
	At 31 March 2025				10,536

	Depreciation
	At 1 April 2024				9,936
	Charge for the year				60
	At 31 March 2025				9,996

	Net book value
	At 31 March 2025				540
	At 31 March 2024				600


5	Debtors		2025		2024
£				£

	Prepayment		-		505








6	Creditors: amounts falling due within one year		2025		2024
£				£

	Directors loan account		354		162
	Taxation and social security costs		146		1,458
			500		1,620


7	Other information

	KHAWAJA & CO LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	190 Shoebury Road
	Southend-on-Sea
	Essex. SS1 3RQ