S & B Bhachu Limited |
Notes to the Accounts |
for the year ended 31 March 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rental of properties. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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2 |
Employees |
2023 |
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2022 |
Number |
Number |
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Average number of persons employed by the company |
2 |
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2 |
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3 |
Creditors: amounts falling due within one year |
2023 |
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2022 |
£ |
£ |
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Other creditors |
1,664 |
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1,224 |
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Included in creditors is £944 (2022: £504) owing to the directors. The loans are interest-free and there is no fixed date of repayment. The directors have confirmed that the loan will only be repaid as and when cash flow permits. |
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4 |
Going concern |
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The company is dependent on the directors and creditors for their funding to enable the company to continue trading. |
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5 |
Controlling party |
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The company is controlled by Mr and Mrs S.S. Bhachu, who own the entire share capital of the company equally. |
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6 |
Other information |
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S & B Bhachu Limited is a private company limited by shares and incorporated in Scotland. Its registered office is: |
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c/o Eda Professional Services Ltd |
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Suite 334, Baltic Chambers, 50 Wellington Street |
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Glasgow |
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Scotland |
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G2 6HJ |