24 01/11/2022 31/10/2023 2023-10-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-11-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 10411330 2022-11-01 2023-10-31 10411330 2023-10-31 10411330 2022-10-31 10411330 2021-11-01 2022-10-31 10411330 2022-10-31 10411330 2021-10-31 10411330 core:PlantMachinery 2022-11-01 2023-10-31 10411330 core:FurnitureFittingsToolsEquipment 2022-11-01 2023-10-31 10411330 core:OnerousContractsExcludingVacantProperties 2022-11-01 2023-10-31 10411330 core:NetGoodwill 2022-11-01 2023-10-31 10411330 bus:RegisteredOffice 2022-11-01 2023-10-31 10411330 bus:LeadAgentIfApplicable 2022-11-01 2023-10-31 10411330 bus:Director1 2022-11-01 2023-10-31 10411330 bus:Director3 2022-11-01 2023-10-31 10411330 core:NetGoodwill 2022-10-31 10411330 core:NetGoodwill 2023-10-31 10411330 core:PlantMachinery 2022-10-31 10411330 core:FurnitureFittingsToolsEquipment 2022-10-31 10411330 core:PlantMachinery 2023-10-31 10411330 core:FurnitureFittingsToolsEquipment 2023-10-31 10411330 core:WithinOneYear 2023-10-31 10411330 core:WithinOneYear 2022-10-31 10411330 core:AfterOneYear 2023-10-31 10411330 core:AfterOneYear 2022-10-31 10411330 core:RetainedEarningsAccumulatedLosses 2021-11-01 2022-10-31 10411330 core:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 10411330 core:ShareCapital 2023-10-31 10411330 core:ShareCapital 2022-10-31 10411330 core:RetainedEarningsAccumulatedLosses 2023-10-31 10411330 core:RetainedEarningsAccumulatedLosses 2022-10-31 10411330 core:ShareCapital 2021-10-31 10411330 core:RetainedEarningsAccumulatedLosses 2021-10-31 10411330 core:PreviouslyStatedAmount core:ShareCapital 2023-10-31 10411330 core:NetGoodwill 2022-10-31 10411330 core:PlantMachinery 2022-10-31 10411330 core:FurnitureFittingsToolsEquipment 2022-10-31 10411330 bus:Director1 2022-10-31 10411330 bus:Director1 2023-10-31 10411330 bus:Director3 2022-10-31 10411330 bus:Director3 2023-10-31 10411330 bus:Director1 2021-10-31 10411330 bus:Director1 2022-10-31 10411330 bus:Director3 2021-10-31 10411330 bus:Director3 2022-10-31 10411330 bus:Director1 2021-11-01 2022-10-31 10411330 bus:Director3 2021-11-01 2022-10-31 10411330 bus:SmallEntities 2022-11-01 2023-10-31 10411330 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 10411330 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 10411330 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 10411330 bus:FullAccounts 2022-11-01 2023-10-31 10411330 core:ComputerEquipment 2022-11-01 2023-10-31 10411330 core:ComputerEquipment 2022-10-31 10411330 core:ComputerEquipment 2023-10-31
Company registration number: 10411330
Bollywood Junction Ltd
Unaudited filleted financial statements
31 October 2023
Bollywood Junction Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Bollywood Junction Ltd
Directors and other information
Directors Shalu Brar Sandhu
Richa Jakhar
Company number 10411330
Registered office 1-3 Duckworth Court
Oldbrook
Milton Keynes
England
MK6 2RX
Accountants ACE Accounts & Tax Limited
2 Whittle Court
Knowlhill
Milton Keynes
MK5 8FT
Bollywood Junction Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Bollywood Junction Ltd
Year ended 31 October 2023
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 October 2023 which comprise the statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
ACE Accounts & Tax Limited
Chartered Certified Accountants
2 Whittle Court
Knowlhill
Milton Keynes
MK5 8FT
29 July 2024
Bollywood Junction Ltd
Statement of financial position
31 October 2023
2023 2022
Note £ £ £ £
Fixed assets
Intangible assets 5 9,000 12,000
Tangible assets 6 325,574 181,312
_______ _______
334,574 193,312
Current assets
Debtors 7 17,350 17,330
Cash at bank and in hand 1 8,649
_______ _______
17,351 25,979
Creditors: amounts falling due
within one year 8 ( 752,709) ( 412,890)
_______ _______
Net current liabilities ( 735,358) ( 386,911)
_______ _______
Total assets less current liabilities ( 400,784) ( 193,599)
Creditors: amounts falling due
after more than one year 9 ( 17,108) ( 26,956)
_______ _______
Net liabilities ( 417,892) ( 220,555)
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account ( 417,992) ( 220,655)
_______ _______
Shareholders deficit ( 417,892) ( 220,555)
_______ _______
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.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 29 July 2024 , and are signed on behalf of the board by:
Shalu Brar Sandhu
Director
Company registration number: 10411330
Bollywood Junction Ltd
Statement of changes in equity
Year ended 31 October 2023
Called up share capital Profit and loss account Total
£ £ £
At 1 November 2021 100 ( 110,237) ( 110,137)
Loss for the year ( 110,418) ( 110,418)
_______ _______ _______
Total comprehensive income for the year - ( 110,418) ( 110,418)
_______ _______ _______
At 31 October 2022 and 1 November 2022 100 ( 220,655) ( 220,555)
Loss for the year ( 197,337) ( 197,337)
_______ _______ _______
Total comprehensive income for the year - ( 197,337) ( 197,337)
_______ _______ _______
At 31 October 2023 100 ( 417,992) ( 417,892)
_______ _______ _______
Bollywood Junction Ltd
Notes to the financial statements
Year ended 31 October 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1-3 Duckworth Court, Oldbrook, Milton Keynes, England, MK6 2RX.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - 10 Years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % reducing balance
Fittings fixtures and equipment - 25 % reducing balance
Computer equipment - 33.33 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 24 (2022: 19 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1 November 2022 and 31 October 2023 30,000 30,000
_______ _______
Amortisation
At 1 November 2022 18,000 18,000
Charge for the year 3,000 3,000
_______ _______
At 31 October 2023 21,000 21,000
_______ _______
Carrying amount
At 31 October 2023 9,000 9,000
_______ _______
At 31 October 2022 12,000 12,000
_______ _______
6. Tangible assets
Plant and machinery Fixtures, fittings and equipment Computer equipment Total
£ £ £ £
Cost
At 1 November 2022 45,453 259,838 3,661 308,952
Additions 211,869 25,387 2,549 239,805
_______ _______ _______ _______
At 31 October 2023 257,322 285,225 6,210 548,757
_______ _______ _______ _______
Depreciation
At 1 November 2022 25,760 100,372 1,508 127,640
Charge for the year 50,016 44,626 901 95,543
_______ _______ _______ _______
At 31 October 2023 75,776 144,998 2,409 223,183
_______ _______ _______ _______
Carrying amount
At 31 October 2023 181,546 140,227 3,801 325,574
_______ _______ _______ _______
At 31 October 2022 19,693 159,466 2,153 181,312
_______ _______ _______ _______
7. Debtors
2023 2022
£ £
Other debtors 17,350 17,330
_______ _______
8. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 10,329 9,508
Trade creditors 159,239 43,501
Social security and other taxes 65,312 51,769
Other creditors 517,829 308,112
_______ _______
752,709 412,890
_______ _______
9. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans and overdrafts 17,108 26,956
_______ _______
10. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Shalu Brar Sandhu ( 43,473) 670 ( 23,090) ( 65,893)
Richa Jakhar ( 93,749) 9,121 ( 31,119) ( 115,747)
_______ _______ _______ _______
( 137,222) 9,791 ( 54,209) ( 181,640)
_______ _______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Shalu Brar Sandhu ( 62,956) 26,589 ( 7,106) ( 43,473)
Richa Jakhar ( 101,446) 13,324 ( 5,627) ( 93,749)
_______ _______ _______ _______
( 164,402) 39,913 ( 12,733) ( 137,222)
_______ _______ _______ _______