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REGISTERED NUMBER: 12738756 (England and Wales)


Financial Statements for the Period 1 August 2022 to 31 August 2023

for

Issa Panjabi Ltd

Issa Panjabi Ltd (Registered number: 12738756)






Contents of the Financial Statements
for the Period 1 August 2022 to 31 August 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Issa Panjabi Ltd

Company Information
for the Period 1 August 2022 to 31 August 2023







DIRECTOR: Miss Simranjit Kaur





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





REGISTERED NUMBER: 12738756 (England and Wales)





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

Issa Panjabi Ltd (Registered number: 12738756)

Statement of Financial Position
31 August 2023

31.8.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 32,500 32,500

CURRENT ASSETS
Stocks 2,023 782
Debtors 5 45,379 11,525
Cash at bank and in hand 253 91
47,655 12,398
CREDITORS
Amounts falling due within one year 6 83,087 50,266
NET CURRENT LIABILITIES (35,432 ) (37,868 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,932

)

(5,368

)

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings (2,934 ) (5,370 )
SHAREHOLDERS' FUNDS (2,932 ) (5,368 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Issa Panjabi Ltd (Registered number: 12738756)

Statement of Financial Position - continued
31 August 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 15 April 2024 and were signed by:





Miss Simranjit Kaur - Director


Issa Panjabi Ltd (Registered number: 12738756)

Notes to the Financial Statements
for the Period 1 August 2022 to 31 August 2023

1. STATUTORY INFORMATION

Issa Panjabi 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.

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 period was 9 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 August 2023 32,500
NET BOOK VALUE
At 31 August 2023 32,500
At 31 July 2022 32,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.7.22
£    £   
Trade debtors 45,379 11,525

Issa Panjabi Ltd (Registered number: 12738756)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 31 August 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.7.22
£    £   
Trade creditors 42,091 -
Taxation and social security 5,675 636
Other creditors 35,321 49,630
83,087 50,266

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.7.22
value: £    £   
2 Ordinary £1 2 2