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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
Page
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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
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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
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RANDHAWA BROTHERS LIMITED Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
44,600 
66,900 
Tangible assets
6,160 
11,440 
50,760 
78,340 
Current assets
Inventories
85,736 
74,357 
Cash at bank and in hand
25,730 
11,180 
111,466 
85,537 
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)
Net assets
64,957 
16,729 
Capital and reserves
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
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RANDHAWA BROTHERS LIMITED Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
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 
£ 
Cost
At 1 August 2022
223,000 
At 31 July 2023
223,000 
Amortisation
At 1 August 2022
156,100 
Charge for the year
22,300 
At 31 July 2023
178,400 
Net book value
At 31 July 2023
44,600 
At 31 July 2022
66,900 
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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 
Depreciation
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 
Net book value
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 
£ 
£ 
VAT
2,775 
(2,289)
Trade creditors
20,188 
64,150 
Taxes and social security
1,370 
3,389 
Other creditors
(192)
- 
Loans from directors
46,623 
41,401 
70,764 
106,651 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
23,152 
31,383 
Obligations under finance leases and hire purchase contracts
3,353 
9,114 
26,505 
40,497 
8
Share capital
2023 
2022 
£ 
£ 
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).
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