KSHER WIKAAS UK LTD

KSHER WIKAAS UK LTD

KSHER WIKAAS UK LTD - Company Information

Print Friendly Version

KSHER WIKAAS UK LTD

Company Registration Number:
10556530 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2018

Period of accounts

Start date: 10 January 2017

End date: 31 January 2018

KSHER WIKAAS UK LTD

Contents of the Financial Statements

for the Period Ended 31 January 2018

Balance sheet
Notes

KSHER WIKAAS UK LTD

Balance sheet

As at 31 January 2018


Notes
13 months to 31 January 2018


£
Fixed assets
Intangible assets: 2 40,583
Total fixed assets: 40,583
Current assets
Debtors:   2,535
Total current assets: 2,535
Creditors: amounts falling due within one year:   (9,294)
Net current assets (liabilities): (6,759)
Total assets less current liabilities: 33,824
Creditors: amounts falling due after more than one year:   (6,829)
Total net assets (liabilities): 26,995
Capital and reserves
Called up share capital: 115,000
Profit and loss account: (88,005)
Shareholders funds: 26,995

The notes form part of these financial statements

KSHER WIKAAS UK LTD

Balance sheet statements

For the year ending 31 January 2018 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 26 February 2018
and signed on behalf of the board by:

Name: Sudhir Taparia
Status: Director

The notes form part of these financial statements

KSHER WIKAAS UK LTD

Notes to the Financial Statements

for the Period Ended 31 January 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 rendering of services. 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 and amortisation policy

Intangible fixed assets include a). licencing costs representing capitalised expenses, necessary to carry out regulated activities and b). software development costs relating to the integration with client technology platforms. In both these cases, it is expected that economic benefits wail be derived, as a result of these costs, in future periods.Intangible assets are being written off in equal instalments over its estimated useful life, which in this case is considered to be 5 years,Licenses and software - 5 years

KSHER WIKAAS UK LTD

Notes to the Financial Statements

for the Period Ended 31 January 2018

2. Intangible Assets

Total
Cost £
Additions 50,729
At 31 January 2018 50,729
Amortisation
Charge for year 10,146
At 31 January 2018 10,146
Net book value
At 31 January 2018 40,583