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REGISTERED NUMBER: SC749051 (Scotland)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

2 NOVEMBER 2022 TO 29 FEBRUARY 2024

FOR

H&M UPPAL TRADING LIMITED

H&M UPPAL TRADING LIMITED (REGISTERED NUMBER: SC749051)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 2 NOVEMBER 2022 TO 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H&M UPPAL TRADING LIMITED

COMPANY INFORMATION
FOR THE PERIOD 2 NOVEMBER 2022 TO 29 FEBRUARY 2024







DIRECTORS: M K Uppal
H Uppal





REGISTERED OFFICE: Arran House 15d Skye Road
Shawfarm Industrial Estate
Prestwick
KA9 2TA





REGISTERED NUMBER: SC749051 (Scotland)





ACCOUNTANTS: Robert J Hart & Company
Chartered Accountants
Arran House
15D Skye Road
Prestwick
Ayrshire
KA9 2TA

H&M UPPAL TRADING LIMITED (REGISTERED NUMBER: SC749051)

BALANCE SHEET
29 FEBRUARY 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 142,536

CURRENT ASSETS
Stocks 85,000
Debtors 5 10,617
Cash at bank and in hand 58,560
154,177
CREDITORS
Amounts falling due within one year 6 163,954
NET CURRENT LIABILITIES (9,777 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

132,759

CREDITORS
Amounts falling due after more than one
year

7

(85,716

)

PROVISIONS FOR LIABILITIES 9 (10,633 )
NET ASSETS 36,410

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 36,310
36,410

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

H&M UPPAL TRADING LIMITED (REGISTERED NUMBER: SC749051)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by:





H Uppal - Director


H&M UPPAL TRADING LIMITED (REGISTERED NUMBER: SC749051)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 2 NOVEMBER 2022 TO 29 FEBRUARY 2024

1. STATUTORY INFORMATION

H&M Uppal Trading Limited is a private company, limited by shares , registered in Scotland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

H&M UPPAL TRADING LIMITED (REGISTERED NUMBER: SC749051)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 2 NOVEMBER 2022 TO 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
Additions 20,369 8,030 133,895 162,294
At 29 February 2024 20,369 8,030 133,895 162,294
DEPRECIATION
Charge for period 5,092 2,008 12,658 19,758
At 29 February 2024 5,092 2,008 12,658 19,758
NET BOOK VALUE
At 29 February 2024 15,277 6,022 121,237 142,536

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 124,895
At 29 February 2024 124,895
DEPRECIATION
Charge for period 10,408
At 29 February 2024 10,408
NET BOOK VALUE
At 29 February 2024 114,487

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 10,617

H&M UPPAL TRADING LIMITED (REGISTERED NUMBER: SC749051)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 2 NOVEMBER 2022 TO 29 FEBRUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Hire purchase contracts 12,543
Trade creditors 11,787
Taxation and social security 1,433
Other creditors 138,191
163,954

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Hire purchase contracts 85,716

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Hire purchase contracts 98,259

Hire purchase creditors are secured against the specific fixed assets financed.

9. PROVISIONS FOR LIABILITIES
£   
Deferred tax 10,633

Deferred
tax
£   
Provided during period 10,633
Balance at 29 February 2024 10,633