Khetani Builders (UK) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04452113 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2017

for

Khetani Builders (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr K L Khetani

Mr E M Hirani

SECRETARY:

Mrs P K Khetani

REGISTERED OFFICE:

164 Mollison Way

Edgware

Middlesex

HA8 5QZ

REGISTERED NUMBER:

04452113 (England and Wales)

ACCOUNTANTS:

L P Patel & Co

Certified Practising Accountants

164 Mollison Way

Edgware

Middlesex

HA8 5QZ

FIXED ASSETS

Property, plant and equipment

4

570

712

CURRENT ASSETS

Debtors

5

1,999

940

Cash at bank and in hand

8,019

12,728

10,018

13,668

CREDITORS

Amounts falling due within one year

6

5,314

4,729

NET CURRENT ASSETS

4,704

8,939

TOTAL ASSETS LESS CURRENT LIABILITIES

5,274

9,651

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

5,174

9,551

SHAREHOLDERS' FUNDS

5,274

9,651

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 20 March 2018 and were signed on its behalf by:

Mr K L Khetani - Director

1.	STATUTORY INFORMATION

Khetani Builders (UK) Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Power Tools and Equipment

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	PROPERTY, PLANT AND EQUIPMENT

Power

Tools and

Motor

Computer

Equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1 July 2016

and 30 June 2017

3,275

11,772

2,004

17,051

DEPRECIATION

At 1 July 2016

3,164

11,239

1,936

16,339

Charge for year

22

106

14

142

At 30 June 2017

3,186

11,345

1,950

16,481

NET BOOK VALUE

At 30 June 2017

89

427

54

570

At 30 June 2016

111

533

68

712

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade debtors

1,990

940

Other debtors

9

-

1,999

940

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Taxation and social security

3,242

3,729

Other creditors

2,072

1,000

5,314

4,729

7.	DEFERRED TAX

£

Accelerated capital allowances

(9

)

Balance at 30 June 2017

(9

)

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.17

30.6.16

value:

£

£

100

Ordinary

£1.00

100

100

9.

RESERVES

Retained

earnings

£

At 1 July 2016

9,551

Profit for the year

13,143

Dividends

(17,520

)

At 30 June 2017

5,174