Paul Aggarwal Ltd 07350330 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is veterinary services. Digita Accounts Production Advanced 6.30.9574.0 true true 07350330 2022-04-01 2023-03-31 07350330 2023-03-31 07350330 core:RetainedEarningsAccumulatedLosses 2023-03-31 07350330 core:ShareCapital 2023-03-31 07350330 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 07350330 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 07350330 bus:SmallEntities 2022-04-01 2023-03-31 07350330 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07350330 bus:FullAccounts 2022-04-01 2023-03-31 07350330 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 07350330 bus:RegisteredOffice 2022-04-01 2023-03-31 07350330 bus:Director1 2022-04-01 2023-03-31 07350330 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07350330 core:FurnitureFittings 2022-04-01 2023-03-31 07350330 core:LeaseholdImprovements 2022-04-01 2023-03-31 07350330 core:OfficeEquipment 2022-04-01 2023-03-31 07350330 core:PlantMachinery 2022-04-01 2023-03-31 07350330 countries:England 2022-04-01 2023-03-31 07350330 2022-03-31 07350330 2021-04-01 2022-03-31 07350330 2022-03-31 07350330 core:RetainedEarningsAccumulatedLosses 2022-03-31 07350330 core:ShareCapital 2022-03-31 07350330 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 07350330 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 07350330

Paul Aggarwal Ltd

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2023

 

Paul Aggarwal Ltd

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 3

 

Paul Aggarwal Ltd

(Registration number: 07350330)
Abridged Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

413,253

483,660

Current assets

 

Stocks

15,533

18,429

Debtors

94,142

41,553

Cash at bank and in hand

 

121,323

194,246

 

230,998

254,228

Creditors: Amounts falling due within one year

(428,718)

(427,671)

Net current liabilities

 

(197,720)

(173,443)

Total assets less current liabilities

 

215,533

310,217

Creditors: Amounts falling due after more than one year

-

(240,000)

Provisions for liabilities

(28,978)

(10,110)

Net assets

 

186,555

60,107

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

186,554

60,106

Total equity

 

186,555

60,107

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 18 October 2023
 

Mr P Aggarwal

Director

 

Paul Aggarwal Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

These financial statements were authorised for issue by the director on 18 October 2023.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company has been supported by a loan from the directors. The directors have committed not to demand repayment of the loan if this would cause any doubt about the viability of Paul Aggarwal Ltd as a going concern.

Revenue recognition

Turnover represents the amounts, excluding value added tax, derived from the provision of goods and services to customers during the year.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

 

Paul Aggarwal Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and Buildings

Over the term of the lease.

Fixtures and Fittings

25% reducing balance.

Plant and Machinery

25% straight line.

Office Equipment

25% straight line.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2022 - 5).

4

Tangible assets

Total
£

Cost or valuation

At 1 April 2022

556,026

Additions

11,825

Disposals

(31,634)

At 31 March 2023

536,217

Depreciation

At 1 April 2022

72,365

Charge for the year

59,166

Eliminated on disposal

(8,567)

At 31 March 2023

122,964

Carrying amount

At 31 March 2023

413,253

At 31 March 2022

483,660