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REGISTERED NUMBER: 05461333 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

NISHKAMS LIMITED

NISHKAMS LIMITED (REGISTERED NUMBER: 05461333)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NISHKAMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr K C Patel
Mrs N K Patel





SECRETARY: Mr K C Patel





REGISTERED OFFICE: 14 Perch Close
Daventry
Northamptonshire
NN11 8YY





REGISTERED NUMBER: 05461333 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co
Chartered Certified Accountants
4 Green Lane Business Park
238 Green lane
New Eltham
London
SE9 3TL

NISHKAMS LIMITED (REGISTERED NUMBER: 05461333)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 97,000 43,144
Investment Properties 5 2,437,766 2,350,000
2,534,766 2,393,144

CURRENT ASSETS
Stocks 63,750 62,500
Debtors 6 954 1,249
Cash at bank and in hand 291,375 265,969
356,079 329,718
CREDITORS
Amounts falling due within one year 7 125,740 106,090
NET CURRENT ASSETS 230,339 223,628
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,765,105

2,616,772

CREDITORS
Amounts falling due after more than one year 8 460,762 428,670
NET ASSETS 2,304,343 2,188,102

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 875,195 875,195
Retained earnings 9 1,429,048 1,312,807
SHAREHOLDERS' FUNDS 2,304,343 2,188,102

NISHKAMS LIMITED (REGISTERED NUMBER: 05461333)

BALANCE SHEET - continued
31 MARCH 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 27 September 2023 and were signed on its behalf by:





Mr K C Patel - Director


NISHKAMS LIMITED (REGISTERED NUMBER: 05461333)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Nishkams 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, Fittings & Equipment - 25% on reducing balance
Motor Van - 25% on reducing balance
Motor Car - 25% on reducing balance

Investment properties
Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 8 ) .

NISHKAMS LIMITED (REGISTERED NUMBER: 05461333)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Fixtures,
Fittings
& Equipment Motor Van Motor Car Totals
£    £    £    £   
COST
At 1 April 2022 285,609 17,062 - 302,671
Additions - - 86,190 86,190
At 31 March 2023 285,609 17,062 86,190 388,861
DEPRECIATION
At 1 April 2022 247,862 11,665 - 259,527
Charge for year 9,437 1,349 21,548 32,334
At 31 March 2023 257,299 13,014 21,548 291,861
NET BOOK VALUE
At 31 March 2023 28,310 4,048 64,642 97,000
At 31 March 2022 37,747 5,397 - 43,144

5. INVESTMENT PROPERTIES
Total
£   
FAIR VALUE
At 1 April 2022 2,350,000
Additions 87,766
At 31 March 2023 2,437,766
NET BOOK VALUE
At 31 March 2023 2,437,766
At 31 March 2022 2,350,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2022 875,195
Cost 1,562,571
2,437,766

Investment properties were valued on an open market basis on 31 March 2022 by the Directors' .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other Debtors & Prepayments 954 1,249

NISHKAMS LIMITED (REGISTERED NUMBER: 05461333)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank Loans 23,942 23,194
Hire purchase contracts 6,962 -
Trade Creditors 50,242 32,435
Corporation Tax 30,208 35,836
Vat Creditor 10,538 10,162
Other Creditors & Accruals 3,848 4,463
125,740 106,090

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank Loans 110,201 127,807
Directors' Loan Account 288,990 295,363
Rent Deposits 8,200 5,500
Hire purchase contracts 53,371 -
460,762 428,670

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2022 1,312,807 875,195 2,188,002
Profit for the year 120,241 120,241
Dividends (4,000 ) (4,000 )
At 31 March 2023 1,429,048 875,195 2,304,243