Divya Lahoria Ltd 08617031 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is and continues to be during the period, that of wholesaling in-house designed fashion accessories and design. Digita Accounts Production Advanced 6.30.9574.0 true true 08617031 2022-08-01 2023-07-31 08617031 2023-07-31 08617031 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-07-31 08617031 core:RetainedEarningsAccumulatedLosses 2023-07-31 08617031 core:ShareCapital 2023-07-31 08617031 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 08617031 core:Non-currentFinancialInstruments 2023-07-31 08617031 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 08617031 core:FurnitureFittings 2023-07-31 08617031 core:MotorVehicles 2023-07-31 08617031 core:OtherRelatedParties 2023-07-31 08617031 bus:SmallEntities 2022-08-01 2023-07-31 08617031 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 08617031 bus:FullAccounts 2022-08-01 2023-07-31 08617031 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 08617031 bus:RegisteredOffice 2022-08-01 2023-07-31 08617031 bus:Director1 2022-08-01 2023-07-31 08617031 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-08-01 2023-07-31 08617031 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 08617031 core:FurnitureFittings 2022-08-01 2023-07-31 08617031 core:MotorVehicles 2022-08-01 2023-07-31 08617031 core:OtherRelatedParties 2022-08-01 2023-07-31 08617031 countries:EnglandWales 2022-08-01 2023-07-31 08617031 2022-07-31 08617031 core:FurnitureFittings 2022-07-31 08617031 core:MotorVehicles 2022-07-31 08617031 core:OtherRelatedParties 2022-07-31 08617031 2021-08-01 2022-07-31 08617031 2022-07-31 08617031 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-07-31 08617031 core:RetainedEarningsAccumulatedLosses 2022-07-31 08617031 core:ShareCapital 2022-07-31 08617031 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 08617031 core:Non-currentFinancialInstruments 2022-07-31 08617031 core:Non-currentFinancialInstruments core:AfterOneYear 2022-07-31 08617031 core:OtherRelatedParties 2022-07-31 08617031 core:OtherRelatedParties 2021-08-01 2022-07-31 08617031 core:OtherRelatedParties 2021-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08617031

Divya Lahoria Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2023

 

Divya Lahoria Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Divya Lahoria Ltd

Company Information

Director

Miss Divya Lahoria

Registered office

26b Tesla Court,
Innovation Way
Peterborough
PE2 6FL

 

Divya Lahoria Ltd

(Registration number: 08617031)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Current assets

 

Cash at bank and in hand

 

52

765

Creditors: Amounts falling due within one year

5

(612)

(670)

Total assets less current liabilities

 

(560)

95

Creditors: Amounts falling due after more than one year

5

(97,352)

(96,949)

Net liabilities

 

(97,912)

(96,854)

Capital and Reserves

 

Called up share capital

6

15,010

15,010

Retained Earnings

(112,922)

(111,864)

Shareholders' deficit

 

(97,912)

(96,854)

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

Director's responsibilities:

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 her 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.

Approved and authorised by the director on 19 April 2024
 

.........................................
Miss Divya Lahoria
Director

   
     
 

Divya Lahoria Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

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

The address of its registered office is:
26b Tesla Court,
Innovation Way
Peterborough
PE2 6FL
England

These financial statements were authorised for issue by the director on 19 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These 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 financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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:

 

Divya Lahoria Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Asset class

Depreciation method and rate

Motor veichles

33% straight line

Furniture and fittings

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Divya Lahoria Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

4

Tangible Assets

Fixtures and fittings
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2022

1,500

2,280

3,780

At 31 July 2023

1,500

2,280

3,780

Depreciation

At 1 August 2022

1,500

2,280

3,780

At 31 July 2023

1,500

2,280

3,780

Carrying amount

At 31 July 2023

-

-

-

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

612

669

Other creditors

-

1

612

670

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

97,352

96,949

6

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

15,010

15,010

15,010

15,010

       
 

Divya Lahoria Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

7

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

-

1,699

Other borrowings

97,352

95,250

97,352

96,949

8

Related party transactions

Loans from related parties

 

Other related parties

2023
£

2022
£

At start of period

95,250

92,433

Advanced

-

2,817

At end of period

95,250

95,250

Terms of loans from related parties

Director's loan account comprises of an investment in the company by the director and sole shareholder which is interest free and will not be subject to a demand for payment in the foreseeable future.