Registered number
11642163
Pabla Impex LTD
Filleted Accounts
31 October 2022
Pabla Impex LTD
Registered number: 11642163
Balance Sheet
as at 31 October 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 4,957 5,508
Current assets
Stocks 18,985 17,745
Debtors 4 990 210
19,975 17,955
Creditors: amounts falling due within one year 5 (13,257) (22,045)
Net current assets/(liabilities) 6,718 (4,090)
Total assets less current liabilities 11,675 1,418
Creditors: amounts falling due after more than one year 6 (9,913) -
Net assets 1,762 1,418
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,761 1,417
Shareholders' funds 1,762 1,418
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S S Bhatti
Director
Approved by the board on 19 September 2023
Pabla Impex LTD
Notes to the Accounts
for the year ended 31 October 2022
1 Accounting policies
Turnover
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2021 6,500
At 31 October 2022 6,500
Depreciation
At 1 November 2021 992
Charge for the year 551
At 31 October 2022 1,543
Net book value
At 31 October 2022 4,957
At 31 October 2021 5,508
4 Debtors 2022 2021
£ £
Trade debtors 990 210
5 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts 3,575 4,929
Trade creditors 7,513 13,250
Taxation and social security costs 919 1,359
Other creditors 1,250 2,507
13,257 22,045
6 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 9,913 -
7 Controlling party
The Company is Controlled by the director who owns 100% of the called up share capital.
8 Other information
Pabla Impex LTD is a private company limited by shares and incorporated in England. Its registered office is:
Unit 7-8-10
New Railway Street
Willenhall
West Midlands
WV13 1LJ
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