Company Registration No. 04576317 (England and Wales)
Dhillon Brothers Limited
Unaudited accounts
for the year ended 31 October 2023
Dhillon Brothers Limited
Unaudited accounts
Contents
Dhillon Brothers Limited
Company Information
for the year ended 31 October 2023
Directors
Mr Manga Singh Dhillon
Mr Bahadur Singh Dhillon
Company Number
04576317 (England and Wales)
Registered Office
Unit B Endeavour Park
London Road
Addington West Malling
Kent
ME19 5SH
England
Dhillon Brothers Limited
Statement of financial position
as at 31 October 2023
Tangible assets
131,831
150,519
Investments
218,663
218,663
Debtors
2,054,592
2,083,809
Cash at bank and in hand
352,708
224,109
Creditors: amounts falling due within one year
(1,146,035)
(1,180,622)
Net current assets
1,289,495
1,153,376
Total assets less current liabilities
1,639,989
1,522,558
Creditors: amounts falling due after more than one year
(16,514)
(36,461)
Net assets
1,623,475
1,486,097
Called up share capital
100
100
Profit and loss account
1,623,375
1,485,997
Shareholders' funds
1,623,475
1,486,097
For the year ending 31 October 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 13 March 2024 and were signed on its behalf by
Mr Manga Singh Dhillon
Director
Company Registration No. 04576317
Dhillon Brothers Limited
Notes to the Accounts
for the year ended 31 October 2023
Dhillon Brothers Limited is a private company, limited by shares, registered in England and Wales, registration number 04576317. The registered office is Unit B Endeavour Park, London Road, Addington West Malling, Kent, ME19 5SH, 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.
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:
Land & buildings
15 Year Straight line
Plant & machinery
15 % Reducing
Motor vehicles
15 % Reducing
Fixtures & fittings
15 % Reducing
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 1 November 2022
130,000
At 31 October 2023
130,000
At 1 November 2022
130,000
At 31 October 2023
130,000
Dhillon Brothers Limited
Notes to the Accounts
for the year ended 31 October 2023
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
83,041
11,043
995,164
1,089,248
At 31 October 2023
83,041
11,043
995,164
1,089,248
At 1 November 2022
33,536
8,599
896,594
938,729
Charge for the year
3,536
367
14,785
18,688
At 31 October 2023
37,072
8,966
911,379
957,417
At 31 October 2023
45,969
2,077
83,785
131,831
At 31 October 2022
49,505
2,444
98,570
150,519
6
Investments
Subsidiary undertakings
Valuation at 1 November 2022
218,663
Valuation at 31 October 2023
218,663
Investment in subsidiaries have been valued at cost less impairment. The company owns 20% or more shares in the following company:
Company Name/% holding/Total capital & reserve/Profit/(Loss) for the year
Bajs Ltd/100%/209,249/(33,104)
Amounts falling due within one year
Trade debtors
22,832
37,591
Amounts due from group undertakings etc.
1,958,818
2,025,318
Accrued income and prepayments
21,500
8,500
Other debtors
51,442
12,400
8
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,099
-
Trade creditors
455,018
201,627
Amounts owed to group undertakings and other participating interests
100,250
100,250
Taxes and social security
176,446
172,781
Other creditors
304,391
629,065
Loans from directors
23,385
453
Dhillon Brothers Limited
Notes to the Accounts
for the year ended 31 October 2023
9
Creditors: amounts falling due after more than one year
2023
2022
10
Average number of employees
During the year the average number of employees was 146 (2022: 131).