IRIS Accounts Productionv23.2.0.15805375270Board of Directors1.3.2228.2.2328.2.23truefalsetruetruefalsefalsefalsetruefalseOrdinary1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure053752702022-02-28053752702023-02-28053752702022-03-012023-02-28053752702021-02-28053752702021-03-012022-02-28053752702022-02-2805375270ns16:EnglandWales2022-03-012023-02-2805375270ns15:PoundSterling2022-03-012023-02-2805375270ns11:Director12022-03-012023-02-2805375270ns11:PrivateLimitedCompanyLtd2022-03-012023-02-2805375270ns11:FRS1022022-03-012023-02-2805375270ns11:Audited2022-03-012023-02-2805375270ns11:LargeMedium-sizedCompaniesRegimeForDirectorsReport2022-03-012023-02-2805375270ns11:LargeMedium-sizedCompaniesRegimeForAccounts2022-03-012023-02-2805375270ns11:FullAccounts2022-03-012023-02-280537527012022-03-012023-02-2805375270ns11:OrdinaryShareClass12022-03-012023-02-2805375270ns11:Director22022-03-012023-02-2805375270ns11:Director32022-03-012023-02-2805375270ns11:CompanySecretary12022-03-012023-02-2805375270ns11:RegisteredOffice2022-03-012023-02-2805375270ns6:PriorPeriodIncreaseDecreasens6:RetainedEarningsAccumulatedLosses2022-03-012023-02-2805375270ns6:RestatedAmount2022-03-012023-02-2805375270ns6:CurrentFinancialInstruments2023-02-2805375270ns6:CurrentFinancialInstruments2022-02-2805375270ns6:Non-currentFinancialInstruments2023-02-2805375270ns6:Non-currentFinancialInstruments2022-02-2805375270ns6:ShareCapital2023-02-2805375270ns6:ShareCapital2022-02-2805375270ns6:RetainedEarningsAccumulatedLosses2023-02-2805375270ns6:ShareCapital2021-02-2805375270ns6:RetainedEarningsAccumulatedLosses2021-02-2805375270ns6:RetainedEarningsAccumulatedLosses2021-03-012022-02-2805375270ns6:RetainedEarningsAccumulatedLosses2022-02-2805375270ns6:PriorPeriodIncreaseDecrease2022-03-012023-02-2805375270ns6:ShareCapital2022-02-2805375270ns6:RestatedAmountns6:RetainedEarningsAccumulatedLosses2022-02-2805375270ns6:PriorPeriodIncreaseDecrease2022-02-2805375270ns6:RetainedEarningsAccumulatedLosses2022-03-012023-02-2805375270ns6:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2805375270ns6:PatentsTrademarksLicencesConcessionsSimilar2022-03-012023-02-2805375270ns6:OwnedAssets2022-03-012023-02-2805375270ns6:OwnedAssets2021-03-012022-02-2805375270ns11:OrdinaryShareClass12021-03-012022-02-2805375270ns6:PatentsTrademarksLicencesConcessionsSimilar2022-02-2805375270ns6:PatentsTrademarksLicencesConcessionsSimilar2023-02-2805375270ns6:PatentsTrademarksLicencesConcessionsSimilar2022-02-2805375270ns6:PlantMachinery2022-02-2805375270ns6:MotorVehicles2022-02-2805375270ns6:PlantMachinery2022-03-012023-02-2805375270ns6:MotorVehicles2022-03-012023-02-2805375270ns6:PlantMachinery2023-02-2805375270ns6:MotorVehicles2023-02-2805375270ns6:PlantMachinery2022-02-2805375270ns6:MotorVehicles2022-02-2805375270ns6:WithinOneYearns6:CurrentFinancialInstruments2023-02-2805375270ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-2805375270ns11:OrdinaryShareClass12023-02-2805375270ns6:RetainedEarningsAccumulatedLosses2022-02-28

REGISTERED NUMBER: 05375270 (England and Wales)













Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 28 February 2023


for



Dhiman Enterprises Limited


Dhiman Enterprises Limited (Registered number: 05375270)







Contents of the Financial Statements

for the Year Ended 28 February 2023





Page



Company Information  

1



Strategic Report  

2



Report of the Directors  

3



Report of the Independent Auditors  

5



Income Statement  

7



Other Comprehensive Income  

8



Statement of Financial Position  

9



Statement of Changes in Equity  

10



Statement of Cash Flows  

11



Notes to the Statement of Cash Flows  

12



Notes to the Financial Statements

13




Dhiman Enterprises Limited


Company Information

for the Year Ended 28 February 2023









Directors:

G Dhiman


H Dhiman


N Dhiman







Secretary:

M Dhiman







Registered office:

Unit 5 Triangle Centre


399 Uxbridge Road


Southall


Middlesex


UB1 3EJ







Registered number:

05375270 (England and Wales)







Auditors:

The GKP Partnership


Ground Floor


Chiswick Gate


598 -608 Chiswick High Road


London


W4 5RT


Dhiman Enterprises Limited (Registered number: 05375270)


Strategic Report

for the Year Ended 28 February 2023


The directors present their strategic report for the year ended 28 February 2023.


Review of business

The company is a family enterprise that imports a wide range of branded consumer goods for wholesale and retail sales. During the year, the company completed the transfer of all of its stock, purchases and sales systems from a manual to an integrated digital platform called Microsoft Dynamics 365. This helps  ensure that the company remains well-positioned for financial success in 2023 and beyond. Our diverse revenue streams, commitment to innovation, strong financial reserves, and strategic partnerships ensure our financial stability and growth potential.


Key performance indicators


In the Year ended 28th February 2023, the company made a profit of £2,379,711 (28th February 2022: £3,268, 835). Although the turnover increased by 2.6%, gross margin decreased from 23% in 2022 to 17% in 2023 resulting from general economic and competitive pressures. This led to decrease in operating profit.



Strategy and Objectives:


As the uncertainties surrounding Brexit processes settle, we anticipate some growth in European sales. We are optimistic about the opportunities that lie ahead in this market.


In addition to software improvements in more efficient stock management as well as increasing turnover, the company remains well-prepared for future expansion.


Building on our history of successfully introducing affordable products in the wholesale markets, we are set to launch new offerings to boost our sales in the coming year.


Risk Management:


In our commitment to risk management, we ensure sufficient diversification in our supplier base to help ensure our resilience against potential supply chain limitations.


On behalf of the board:






N Dhiman - Director



27 November 2023


Dhiman Enterprises Limited (Registered number: 05375270)


Report of the Directors

for the Year Ended 28 February 2023


The directors present their report with the financial statements of the company for the year ended 28 February 2023.  


Principal activity

The principal activity of the company in the year under review was that of a wholesale and retail general commercial company.

Dividends

An interim dividend of £3666.67 per share was paid on 28/02/2023.  The directors recommend that no final dividend of be paid.


The total distribution of dividends for the year ended 28 February 2023 will be £550,000


Directors

The directors shown below have held office during the whole of the period from 1 March 2022 to the date of this report.


G Dhiman

H Dhiman

N Dhiman


Statement of directors' responsibilities

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement as to disclosure of information to auditors

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Dhiman Enterprises Limited (Registered number: 05375270)


Report of the Directors

for the Year Ended 28 February 2023



Auditors

The auditors,  The GKP Partnership, will be proposed for re-appointment at the forthcoming Annual General Meeting.


On behalf of the board:




N Dhiman - Director



27 November 2023


Report of the Independent Auditors to the Members of

Dhiman Enterprises Limited


Opinion

We have audited the financial statements of Dhiman Enterprises Limited (the 'company') for the year ended 28 February 2023 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 28 February 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report.  We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.  We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.


Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.


In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.  We have nothing to report in this regard.


Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-

the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-

the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.


Report of the Independent Auditors to the Members of

Dhiman Enterprises Limited



Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.


We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-

the financial statements are not in agreement with the accounting records and returns; or

-

certain disclosures of directors' remuneration specified by law are not made; or

-

we have not received all the information and explanations we require for our audit.


Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.


Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion.  Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities due to fraud are inherently more difficult to detect, therefore our procedures may be unable to detect all such irregularities.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.


Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.





Mr Atul Sharma (Senior Statutory Auditor)

for and on behalf of The GKP Partnership

Ground Floor

Chiswick Gate

598 -608 Chiswick High Road

London

W4 5RT


27 November 2023


Dhiman Enterprises Limited (Registered number: 05375270)


Income Statement

for the Year Ended 28 February 2023



28.2.23


28.2.22


as

restated



Notes

£   

£   



Turnover

18,129,014


17,665,374




Cost of sales

(15,006,418

)

(13,605,040

)


Gross profit

3,122,596


4,060,334




Distribution costs

(26,431

)

-



Administrative expenses

(847,574

)

(829,550

)


2,248,591


3,230,784




Other operating income

123,483


37,964



Operating profit

4

2,372,074


3,268,748




Interest receivable and similar income

7,637


87



Profit before taxation

2,379,711


3,268,835




Tax on profit

5

(451,848

)

(620,911

)


Profit for the financial year

1,927,863


2,647,924




Dhiman Enterprises Limited (Registered number: 05375270)


Other Comprehensive Income

for the Year Ended 28 February 2023



28.2.23


28.2.22


as

restated



Notes

£   

£   



Profit for the year

1,927,863


2,647,924





Other comprehensive income

-


-



Total comprehensive income for the

year

2,647,924




Note

Prior year adjustment

7

19,931



Total comprehensive income since last

annual report

1,947,794




Dhiman Enterprises Limited (Registered number: 05375270)


Statement of Financial Position

28 February 2023



28.2.23


28.2.22


as

restated



Notes

£   

£   


Fixed assets

Intangible assets

8

495


495



Tangible assets

9

19,799


19,055



20,294


19,550




Current assets

Stocks

10

4,896,778


4,875,045



Debtors

11

3,749,427


3,515,398



Cash at bank and in hand

2,552,594


1,307,408



11,198,799


9,697,851



Creditors

Amounts falling due within one year

12

(968,641

)

(883,506

)


Net current assets

10,230,158


8,814,345



Total assets less current liabilities

10,250,452


8,833,895




Creditors

Amounts falling due after more than one

year

13

(162,158

)

(123,464

)



Provisions for liabilities

14

(9,978

)

(9,978

)


Net assets

10,078,316


8,700,453




Capital and reserves

Called up share capital

15

150


150



Retained earnings

16

10,078,166


8,700,303



Shareholders' funds

10,078,316


8,700,453




The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by:






N Dhiman - Director



Dhiman Enterprises Limited (Registered number: 05375270)


Statement of Changes in Equity

for the Year Ended 28 February 2023



Called up



share


Retained


Total


capital


earnings


equity

£   

£   

£   



Balance at 1 March 2021

150


6,602,379


6,602,529




Changes in equity

Dividends

-


(550,000

)

(550,000

)


Total comprehensive income

-


2,627,993


2,627,993



Balance at 28 February 2022

150


8,680,372


8,680,522



Prior year adjustment

-


19,931


19,931



As restated

150


8,700,303


8,700,453




Changes in equity

Dividends

-


(550,000

)

(550,000

)


Total comprehensive income

-


1,927,863


1,927,863



Balance at 28 February 2023

150


10,078,166


10,078,316




Dhiman Enterprises Limited (Registered number: 05375270)


Statement of Cash Flows

for the Year Ended 28 February 2023



28.2.23


28.2.22


as

restated



Notes

£   

£   


Cash flows from operating activities

Cash generated from operations

1

2,329,589


1,325,411



Tax paid

(451,848

)

(620,911

)


Net cash from operating activities

1,877,741


704,500




Cash flows from investing activities

Purchase of tangible fixed assets

(7,342

)

(7,091

)


Interest received

7,637


87



Net cash from investing activities

295


(7,004

)



Cash flows from financing activities

Amount introduced by directors

657,362


640,133



Amount withdrawn by directors

(740,212

)

(668,396

)


Equity dividends paid

(550,000

)

(550,000

)


Net cash from financing activities

(632,850

)

(578,263

)



Increase in cash and cash equivalents

1,245,186


119,233



Cash and cash equivalents at

beginning of year

2

1,307,408


1,188,175




Cash and cash equivalents at end of

year

2

2,552,594


1,307,408




Dhiman Enterprises Limited (Registered number: 05375270)


Notes to the Statement of Cash Flows

for the Year Ended 28 February 2023


1.

Reconciliation of profit before taxation to cash generated from operations


28.2.23


28.2.22


as

restated


£   

£   



Profit before taxation

2,379,711


3,268,835




Depreciation charges

6,598


6,352




Finance income

(7,637

)

(87

)


2,378,672


3,275,100




Increase in stocks

(21,733

)

(1,275,045

)



Increase in trade and other debtors

(112,485

)

(417,085

)



Increase/(decrease) in trade and other creditors

85,135


(257,559

)



Cash generated from operations

2,329,589


1,325,411




2.

Cash and cash equivalents



The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:



Year ended 28 February 2023


28.2.23


1.3.22

£   

£   



Cash and cash equivalents

2,552,594


1,307,408




Year ended 28 February 2022


28.2.22


1.3.21


as restated


£   

£   



Cash and cash equivalents

1,307,408


1,188,175





3.

Analysis of changes in net funds



At 1.3.22

Cash flow

At 28.2.23

£   

£   

£   



Net cash



Cash at bank and in hand

1,307,408


1,245,186


2,552,594



1,307,408


1,245,186


2,552,594




Total

1,307,408


1,245,186


2,552,594




Dhiman Enterprises Limited (Registered number: 05375270)


Notes to the Financial Statements

for the Year Ended 28 February 2023


1.

Statutory information



Dhiman Enterprises 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" 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.


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.


Patents and licences are being amortised evenly over their estimated useful life of nil years.



Tangible fixed assets


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.  



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 statement of financial position date.


Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Dhiman Enterprises Limited (Registered number: 05375270)


Notes to the Financial Statements - continued

for the Year Ended 28 February 2023


3.

Employees and directors


28.2.23


28.2.22


as

restated


£   

£   



Wages and salaries

178,053


192,568




Social security costs

33,738


-




Other pension costs

11,119


5,123



222,910


197,691





The average number of employees during the year was as follows:


28.2.23


28.2.22


as

restated



11


10





28.2.23


28.2.22


as

restated


£   

£   



Directors' remuneration

58,146


58,146




4.

Operating profit



The operating profit is stated after charging/(crediting):



28.2.23


28.2.22


as

restated


£   

£   



Other operating leases

265,010


303,892




Depreciation - owned assets

6,598


6,352




Auditors' remuneration

9,000


9,000




Foreign exchange differences

(755

)

-




5.

Taxation



Analysis of the tax charge


The tax charge on the profit for the year was as follows:


28.2.23


28.2.22


as

restated


£   

£   



Current tax:


UK corporation tax

451,848


620,911




Tax on profit

451,848


620,911




Dhiman Enterprises Limited (Registered number: 05375270)


Notes to the Financial Statements - continued

for the Year Ended 28 February 2023


6.

Dividends


28.2.23


28.2.22


as

restated


£   

£   



Ordinary shares of 1 each


Final

550,000


550,000




7.

Prior year adjustment


A prior year Adjusment was made in the current year to correct an overstatement of corporation tax in previous year.

8.

Intangible fixed assets


Patents


and


licences

£   



Cost


At 1 March 2022


and 28 February 2023

495




Net book value


At 28 February 2023

495




At 28 February 2022

495




9.

Tangible fixed assets


Plant and


Motor



machinery


vehicles


Totals

£   

£   

£   



Cost


At 1 March 2022

74,241


25,765


100,006




Additions

7,342


-


7,342




At 28 February 2023

81,583


25,765


107,348




Depreciation


At 1 March 2022

58,626


22,325


80,951




Charge for year

5,738


860


6,598




At 28 February 2023

64,364


23,185


87,549




Net book value


At 28 February 2023

17,219


2,580


19,799




At 28 February 2022

15,615


3,440


19,055




10.

Stocks


28.2.23


28.2.22


as

restated


£   

£   



Stocks

4,896,778


4,875,045




Dhiman Enterprises Limited (Registered number: 05375270)


Notes to the Financial Statements - continued

for the Year Ended 28 February 2023


11.

Debtors


28.2.23


28.2.22


as

restated


£   

£   



Amounts falling due within one year:


Trade debtors

2,416,590


2,669,649




Other debtors

414,768


247,403




Loans

790,263


593,053




Prepayments and accrued income

6,262


5,293



3,627,883


3,515,398





Amounts falling due after more than one year:


Directors' loan accounts

121,544


-





Aggregate amounts

3,749,427


3,515,398




12.

Creditors: amounts falling due within one year



28.2.23


28.2.22


as

restated


£   

£   



Trade creditors

433,842


126,478




Tax

451,809


620,750




Social security and other taxes

11,905


5,389




VAT

41,237


96,414




Other creditors

14,848


17,975




Accrued expenses

15,000


16,500



968,641


883,506




13.

Creditors: amounts falling due after more than one year



28.2.23


28.2.22


as

restated


£   

£   



Directors' loan accounts

162,158


123,464




14.

Provisions for liabilities


28.2.23


28.2.22


as

restated


£   

£   



Other provisions

9,978


9,978




Dhiman Enterprises Limited (Registered number: 05375270)


Notes to the Financial Statements - continued

for the Year Ended 28 February 2023


15.

Called up share capital



Allotted, issued and fully paid:


Number:

Class:

Nominal

28.2.23


28.2.22


value:


as

restated


£   

£   



150

Ordinary

1

150


150




16.

Reserves


Retained


earnings

£   




At 1 March 2022

8,680,372




Prior year adjustment

19,931



8,700,303




Profit for the year

1,927,863




Dividends

(550,000

)



At 28 February 2023

10,078,166




17.

Related party disclosures



Dhiman  Enterprises Ltd  leased a warehouse from Dhiman Real Estate Ltd for £220,000 per annum.


Dhiman Real Estates Ltd  is a business owned  by the Directors and shareholders of Dhiman Enterprises Ltd.



Dhiman Enterprises Ltd has pledged a  guarantee of £3,412,500 to secure  Dhiman Estates Ltd's loan with Natwest Bank Plc.