INTT NALLIAH LIMITED 10585377 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is Retail sale of automotive fuel in specia Digita Accounts Production Advanced 6.30.9574.0 true true 10585377 2023-02-01 2024-01-31 10585377 2024-01-31 10585377 bus:OrdinaryShareClass1 2024-01-31 10585377 core:CurrentFinancialInstruments 2024-01-31 10585377 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 10585377 core:Non-currentFinancialInstruments 2024-01-31 10585377 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 10585377 bus:SmallEntities 2023-02-01 2024-01-31 10585377 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 10585377 bus:FullAccounts 2023-02-01 2024-01-31 10585377 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 10585377 bus:RegisteredOffice 2023-02-01 2024-01-31 10585377 bus:Director1 2023-02-01 2024-01-31 10585377 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 10585377 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10585377 countries:UnitedKingdom 2023-02-01 2024-01-31 10585377 2022-02-01 2023-01-31 10585377 2023-01-31 10585377 bus:OrdinaryShareClass1 2023-01-31 10585377 core:CurrentFinancialInstruments 2023-01-31 10585377 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 10585377 core:Non-currentFinancialInstruments 2023-01-31 10585377 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 10585377 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10585377

INTT NALLIAH LIMITED

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

INTT NALLIAH LIMITED

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

INTT NALLIAH LIMITED

Company Information

Director

Mr Nalliah Devarajasingham

Registered office

1a Stanley Avenue,
New Malden
KT3 6EW

Accountants

R S Business Consulting Ltd
Chartered Certified Accountants
11 Approach Road
Raynes Park
London
SW20 8BA

 

INTT NALLIAH LIMITED

(Registration number: 10585377)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Current assets

 

Stocks

4

40,170

39,000

Debtors

5

-

10,000

Cash at bank and in hand

 

19,398

15,478

 

59,568

64,478

Creditors: Amounts falling due within one year

6

(44,892)

(43,668)

Total assets less current liabilities

 

14,676

20,810

Creditors: Amounts falling due after more than one year

6

(7,083)

(12,084)

Net assets

 

7,593

8,726

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

7,493

8,626

Shareholders' funds

 

7,593

8,726

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 April 2024
 

.........................................
Mr Nalliah Devarajasingham
Director

 

INTT NALLIAH LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
1a Stanley Avenue,
New Malden
KT3 6EW

These financial statements were authorised for issue by the director on 26 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

INTT NALLIAH LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

INTT NALLIAH LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 4).

4

Stocks

2024
£

2023
£

Other inventories

40,170

39,000

5

Debtors

Current

2024
£

2023
£

Other debtors

-

10,000

 

INTT NALLIAH LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

19,994

20,826

Taxation and social security

4,586

9,850

Accruals and deferred income

49

-

Other creditors

20,263

12,992

44,892

43,668

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

7,083

12,084

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

8

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

7,083

12,084

9

Dividends

Final dividends paid

 

INTT NALLIAH LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

   

2024
£

 

2023
£

Final dividend of £100.00 (2023 - £120.00) per each Ordinary shares

 

10,000

 

12,000