KHAWAR & CO LTD - Accounts

KHAWAR & CO LTD
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For the period ended 31 March 2018

Statement of Financial Position
Notes to the Financial Statements

KHAWAR & CO LTD
Statement of Financial Position
As at 31 March 2018

	Notes	2018 £	2016 £
Fixed assets
Tangible fixed assets	2	1,361	330
		1,361	330
Current assets
Cash at bank and in hand		3,738	640
Creditors: amount falling due within one year		(6,950)	(3,734)
Net current assets		(3,213)	(3,095)

Total assets less current liabilities		(1,852)	(2,765)
Net assets		(1,852)	(2,765)

Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(1,952)	(2,865)
Shareholders funds		(1,852)	(2,765)

For the period ended 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.

The members have agreed to the preparation of Abridged Accounts for this accounting period in accordance with section 444(2A).

Signed on behalf of the board of directors

--------------------------------
Khawar SAEED
Director

Date approved by the board: 01 December 2018

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KHAWAR & CO LTD
Notes to the Abridged Financial Statements
For the period ended 31 March 2018

General Information

KHAWAR & CO LTD is a private company, limited by shares, registered in England and Wales, registration number 09840651,registration address 2a Heigham Road,Imperial Offices,East Ham,London,E6 2JG.

The presentation currency is £ sterling.

1.

Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).

Going Concern

The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

25% Reducing Balance

2.

Tangible fixed assets

Cost or Valuation	Plant and Machinery	Total
	£	£
At 01 November 2016	-	-
Additions	1,925	1,925
Disposals	-	-
At 31 March 2018	1,925	1,925
Depreciation
At 01 November 2016	110	110
Charge for period	454	454
On disposals	-	-
At 31 March 2018	564	564
Net book values
Closing balance as at 31 March 2018	1,361	1,361
Opening balance as at 01 November 2016	330	330

3.

Share Capital

Authorised
100 Class A shares of £1.00 each

Allotted	2018 £		2016 £
100 Class A shares of £1.00 each	100		100
	100		100

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