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REGISTERED NUMBER: 13474486 (England and Wales)


Financial Statements for the Year Ended 30 June 2023

for

Arora Brothers Ltd

Arora Brothers Ltd (Registered number: 13474486)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Arora Brothers Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mr Sanmeet Singh Arora





REGISTERED OFFICE: Bridge House
9 - 13 Holbrook Lane
Coventry
United Kingdom
CV6 4AD





REGISTERED NUMBER: 13474486 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Arora Brothers Ltd (Registered number: 13474486)

Statement of Financial Position
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 50,000 50,000
Tangible assets 5 13,960 13,847
63,960 63,847

CURRENT ASSETS
Stocks 62,512 58,791
Debtors 6 61,500 1,500
Cash at bank and in hand 4,677 6,695
128,689 66,986
CREDITORS
Amounts falling due within one year 7 139,686 127,060
NET CURRENT LIABILITIES (10,997 ) (60,074 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,963

3,773

CREDITORS
Amounts falling due after more than one
year

8

48,987

-
NET ASSETS 3,976 3,773

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 3,876 3,673
SHAREHOLDERS' FUNDS 3,976 3,773

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Arora Brothers Ltd (Registered number: 13474486)

Statement of Financial Position - continued
30 June 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 13 March 2024 and were signed by:





Mr Sanmeet Singh Arora - Director


Arora Brothers Ltd (Registered number: 13474486)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Arora Brothers Ltd 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 represents net sales of invoiced goods and services excluding Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 50,000
NET BOOK VALUE
At 30 June 2023 50,000
At 30 June 2022 50,000

Arora Brothers Ltd (Registered number: 13474486)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 18,463
Additions 4,767
At 30 June 2023 23,230
DEPRECIATION
At 1 July 2022 4,616
Charge for year 4,654
At 30 June 2023 9,270
NET BOOK VALUE
At 30 June 2023 13,960
At 30 June 2022 13,847

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 61,500 1,500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 6,439 4,304
Taxation and social security 5,098 863
Other creditors 128,149 121,893
139,686 127,060

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 48,987 -

Arora Brothers Ltd (Registered number: 13474486)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary £1 100 100