L & K Business Associates Ltd - Accounts

L & K BUSINESS ASSOCIATES LTD - Company Information

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Registered Number: 09084545

England and Wales

L & K BUSINESS ASSOCIATES LTD

Unaudited Filleted Financial Statements

Period of accounts

Start date: 01 July 2021

End date: 30 June 2022

L & K Business Associates Ltd
Statement of Financial Position
As at 30 June 2022

	Notes	2022 £	2021 £
Fixed assets
Tangible fixed assets	3	44	59
		44	59
Current assets
Cash at bank and in hand		254	136
Creditors: amount falling due within one year	4	(3,459)	(1,834)
Net current liabilities		(3,205)	(1,698)

Total assets less current liabilities		(3,161)	(1,639)
Creditors: amount falling due after more than one year	5	(28,135)	(30,000)
Net liabilities		(31,296)	(31,639)

Capital and reserves
Called up share capital	6	2	2
Profit and loss account		(31,298)	(31,641)
Shareholder's funds		(31,296)	(31,639)

For the year ended 30 June 2022 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 year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 24 June 2023 and were signed by:

-------------------------------
Lekhnath Gaire
Director

L & K Business Associates Ltd
Notes to the Financial Statements
For the year ended 30 June 2022

General Information

L & K Business Associates Ltd is a private company, limited by shares, registered in England and Wales, registration number 09084545, registration address 124 City Road, London, EC1V 2NX.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation

The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
General Information

L & K Business Associates Ltd is a private company, limited by shares, registered in England and Wales, registration number 09084545, registration address 124 City Road, London, EC1V 2NX.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of services supplied by the company.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets over their expected useful lives on the following basis:

Computer Equipment

25% Reducing Balance

2.	Average number of employees Average number of employees during the year was 2 (2021 : 2).

Tangible fixed assets

Cost or valuation	Computer Equipment	Total
	£	£
At 01 July 2021	450	450
Additions	-	-
Disposals	-	-
At 30 June 2022	450	450
Depreciation
At 01 July 2021	391	391
Charge for year	15	15
On disposals	-	-
At 30 June 2022	406	406
Net book values
Closing balance as at 30 June 2022	44	44
Opening balance as at 01 July 2021	59	59

Creditors: amount falling due within one year

	2022 £	2021 £
PAYE & Social Security	56	0
Other Creditors	893	976
Wages & Salaries Control Account	949	0
Directors' Current Accounts	1,561	858
	3,459	1,834

Creditors: amount falling due after more than one year

	2022 £		2021 £
Bank Loans & Overdrafts	28,135		30,000
	28,135		30,000

Share Capital

Allotted, called up and fully paid	2022 £		2021 £
2 Class A shares of £1.00 each	2		2
	2		2