Company Registration No. 04898929 (England and Wales)
KHAN ASSOCIATES LIMITED
Unaudited accounts
for the year ended 31 March 2020
KHAN ASSOCIATES LIMITED
Unaudited accounts
Contents
KHAN ASSOCIATES LIMITED
Company Information
for the year ended 31 March 2020
Company Number
04898929 (England and Wales)
Registered Office
10 Belgrave Road,
Ilford,
Essex
IG1 3AW
United Kingdom
Accountants
MDP Accountancy Services LLP
First Floor, Office 1
6a High Road
London
United Kingdom
N22 6BX
KHAN ASSOCIATES LIMITED
Statement of financial position
as at
31 March 2020
Tangible assets
450,000
450,000
Cash at bank and in hand
310
3,169
Creditors: amounts falling due within one year
(182,827)
(173,441)
Net current assets
134,302
190,920
Total assets less current liabilities
584,302
640,920
Creditors: amounts falling due after more than one year
(184,000)
(234,000)
Net assets
400,302
406,920
Called up share capital
100
100
Revaluation reserve
417,132
417,132
Profit and loss account
(16,930)
(10,312)
Shareholders' funds
400,302
406,920
For the year ending 31 March 2020 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 30 March 2021 and were signed on its behalf by
Dilawar Mahboob
Director
Company Registration No. 04898929
KHAN ASSOCIATES LIMITED
Notes to the Accounts
for the year ended 31 March 2020
KHAN ASSOCIATES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04898929. The registered office is 10 Belgrave Road, , Ilford,, Essex , IG1 3AW, United Kingdom .
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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Tangible fixed assets
Land & buildings
Cost or valuation
At cost
Amounts due from group undertakings etc.
315,083
359,936
Other debtors
1,736
1,256
Total debtors less than one year
316,819
361,192
Total debtors
316,819
361,192
KHAN ASSOCIATES LIMITED
Notes to the Accounts
for the year ended 31 March 2020
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
19,658
15,552
Loans from directors
162,182
157,890
7
Creditors: amounts falling due after more than one year
2020
2019
Other creditors
184,000
234,000
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Average number of employees
During the year the average number of employees was 1 (2019: 1).