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REGISTERED NUMBER: 03026329 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

SOHAL LIMITED

SOHAL LIMITED (REGISTERED NUMBER: 03026329)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOHAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTOR: Balbir Singh Sohal





SECRETARY: Mrs Manjeet Kaur Sohal





REGISTERED OFFICE: Unit 6/7 Edinburgh Court
Edinburgh Road
Wingerworth
Chesterfield
Derbyshire
S42 6SH





REGISTERED NUMBER: 03026329 (England and Wales)





ACCOUNTANTS: Altman Smith
461 - 463 London Road
Heeley
Sheffield
South Yorkshire
S2 4HL

SOHAL LIMITED (REGISTERED NUMBER: 03026329)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 470,191 493,930
Investment property 6 112,368 112,368
582,559 606,298

CURRENT ASSETS
Stocks 7 111,176 108,517
Debtors 8 18,008 42,510
Investments 9 92,578 92,578
Cash at bank and in hand 498,043 513,410
719,805 757,015
CREDITORS
Amounts falling due within one year 10 168,701 165,562
NET CURRENT ASSETS 551,104 591,453
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,133,663

1,197,751

PROVISIONS FOR LIABILITIES 8,335 8,335
NET ASSETS 1,125,328 1,189,416

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,124,328 1,188,416
SHAREHOLDERS' FUNDS 1,125,328 1,189,416

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SOHAL LIMITED (REGISTERED NUMBER: 03026329)

BALANCE SHEET - continued
31ST MARCH 2023


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 director and authorised for issue on 9th November 2023 and were signed by:





Balbir Singh Sohal - Director


SOHAL LIMITED (REGISTERED NUMBER: 03026329)

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

1. STATUTORY INFORMATION

Sohal 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated useful life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at its recognition of initial cost as the directors do consider these values to be accurate.

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.

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.

SOHAL LIMITED (REGISTERED NUMBER: 03026329)

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

2. ACCOUNTING POLICIES - continued

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 26 (2022 - 28 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2022
and 31st March 2023 423,000
AMORTISATION
At 1st April 2022
and 31st March 2023 423,000
NET BOOK VALUE
At 31st March 2023 -
At 31st March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2022 361,977 351,579 713,556
Additions - 447 447
At 31st March 2023 361,977 352,026 714,003
DEPRECIATION
At 1st April 2022 - 219,626 219,626
Charge for year - 24,186 24,186
At 31st March 2023 - 243,812 243,812
NET BOOK VALUE
At 31st March 2023 361,977 108,214 470,191
At 31st March 2022 361,977 131,953 493,930

SOHAL LIMITED (REGISTERED NUMBER: 03026329)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2022
and 31st March 2023 112,368
NET BOOK VALUE
At 31st March 2023 112,368
At 31st March 2022 112,368

7. STOCKS
2023 2022
£    £   
Stocks 111,176 108,517

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 18,008 16,510
Amounts owed by associates - 26,000
18,008 42,510

During the year a loan of £76,000 to Amrun Group LTD, was written off on a tax neutral basis.

9. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 92,578 92,578

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 119,976 127,948
Taxation and social security 14,590 6,603
Other creditors 34,135 31,011
168,701 165,562