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REGISTERED NUMBER: 07836770 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2022

for

Sangha Retail Limited

Sangha Retail Limited (Registered number: 07836770)






Contents of the Financial Statements
for the Year Ended 30 November 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sangha Retail Limited

Company Information
for the Year Ended 30 November 2022







DIRECTOR: Mr P S Sangha





REGISTERED OFFICE: Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW





REGISTERED NUMBER: 07836770 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Sangha Retail Limited (Registered number: 07836770)

Balance Sheet
30 November 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 196,328 142,509

CURRENT ASSETS
Stocks 60,118 56,286
Debtors 6 188,685 171,324
Cash at bank and in hand 32,975 34,861
281,778 262,471
CREDITORS
Amounts falling due within one year 7 194,347 143,213
NET CURRENT ASSETS 87,431 119,258
TOTAL ASSETS LESS CURRENT
LIABILITIES

283,759

261,767

PROVISIONS FOR LIABILITIES 36,363 31,631
NET ASSETS 247,396 230,136

CAPITAL AND RESERVES
Called up share capital 8 4 4
Retained earnings 247,392 230,132
SHAREHOLDERS' FUNDS 247,396 230,136

Sangha Retail Limited (Registered number: 07836770)

Balance Sheet - continued
30 November 2022


The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 November 2022 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 September 2023 and were signed by:





Mr P S Sangha - Director


Sangha Retail Limited (Registered number: 07836770)

Notes to the Financial Statements
for the Year Ended 30 November 2022

1. STATUTORY INFORMATION

Sangha Retail 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.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in compliance with FRS 102, 'The Financial Standard Applicable in the UK and the Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods provided during the year and derives from the provision of goods falling within the company's ordinary activities.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 15% on reducing balance

All fixed assets are initially recorded at cost.

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 Statement of Income and Retained Earnings, 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.


Sangha Retail Limited (Registered number: 07836770)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

3. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2021 - 12 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2021 20,029 220,842 13,690 682 255,243
Additions - 85,477 - 740 86,217
At 30 November 2022 20,029 306,319 13,690 1,422 341,460
DEPRECIATION
At 1 December 2021 10,566 95,900 6,123 145 112,734
Charge for year 1,420 29,660 1,135 183 32,398
At 30 November 2022 11,986 125,560 7,258 328 145,132
NET BOOK VALUE
At 30 November 2022 8,043 180,759 6,432 1,094 196,328
At 30 November 2021 9,463 124,942 7,567 537 142,509

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 163 153
Other debtors 188,522 171,171
188,685 171,324

Sangha Retail Limited (Registered number: 07836770)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 114,237 74,909
Taxation and social security 41,593 52,809
Other creditors 38,517 15,495
194,347 143,213

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
1 Ordinary "A" £1 1 1
1 Ordinary "B" £1 1 1
1 Ordinary "C" £1 1 1
1 Ordinary "D" £1 1 1
4 4