Company Registration No. 08151260 (England and Wales)
RANDHAWA BROTHERS LIMITED
Unaudited accounts
for the year ended 31 July 2023
RANDHAWA BROTHERS LIMITED
Unaudited accounts
Contents
RANDHAWA BROTHERS LIMITED
Company Information
for the year ended 31 July 2023
Directors
Gurjinder Singh Randhawa
Gurjit Singh Randhawa
Company Number
08151260 (England and Wales)
Registered Office
GRANVILLE CONVENIENCE STORE
GRANVILLE DRIVE
KINGSWINFORD
DY6 8LD
ENGLAND
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
RANDHAWA BROTHERS LIMITED
for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
RANDHAWA BROTHERS LIMITED for the year ended
31 July 2023 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Chartered Certified Accountants
15 February 2024
RANDHAWA BROTHERS LIMITED
Statement of financial position
as at 31 July 2023
Intangible assets
44,600
66,900
Tangible assets
6,160
11,440
Cash at bank and in hand
25,730
11,180
Creditors: amounts falling due within one year
(70,764)
(106,651)
Net current assets/(liabilities)
40,702
(21,114)
Total assets less current liabilities
91,462
57,226
Creditors: amounts falling due after more than one year
(26,505)
(40,497)
Called up share capital
50,000
50,000
Profit and loss account
14,957
(33,271)
Shareholders' funds
64,957
16,729
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 February 2024 and were signed on its behalf by
Gurjinder Singh Randhawa
Director
Company Registration No. 08151260
RANDHAWA BROTHERS LIMITED
Notes to the Accounts
for the year ended 31 July 2023
RANDHAWA BROTHERS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08151260. The registered office is GRANVILLE CONVENIENCE STORE, GRANVILLE DRIVE, KINGSWINFORD, DY6 8LD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Computer equipment
33% Straight Line
4
Intangible fixed assets
Goodwill
Charge for the year
22,300
RANDHAWA BROTHERS LIMITED
Notes to the Accounts
for the year ended 31 July 2023
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
21,120
6,837
1,809
29,766
At 31 July 2023
21,120
6,837
1,809
29,766
At 1 August 2022
9,680
6,837
1,809
18,326
Charge for the year
5,280
-
-
5,280
At 31 July 2023
14,960
6,837
1,809
23,606
At 31 July 2023
6,160
-
-
6,160
At 31 July 2022
11,440
-
-
11,440
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
20,188
64,150
Taxes and social security
1,370
3,389
Loans from directors
46,623
41,401
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
3,353
9,114
Allotted, called up and fully paid:
50,000 Ordinary shares of £1 each
50,000
50,000
9
Average number of employees
During the year the average number of employees was 15 (2022: 11).