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Company Registration No. 8705108 (England and Wales)
SEHGAL & SONS LIMITED Unaudited accounts for the year ended 30 September 2023
SEHGAL & SONS LIMITED Unaudited accounts Contents
Page
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SEHGAL & SONS LIMITED Company Information for the year ended 30 September 2023
Director
Manmeet Singh Sehgal
Company Number
8705108 (England and Wales)
Registered Office
121 Beavers Lane Hounslow TW4 6HF
Accountants
Gurdeep Jaswal Jaswal and Co Limited 121 Beavers Lane Hounslow Middlesex TW4 6HF
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SEHGAL & SONS LIMITED Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,876 
22,113 
Current assets
Inventories
35,000 
35,000 
Debtors
57,000 
50,000 
Cash at bank and in hand
4,474 
6,805 
96,474 
91,805 
Creditors: amounts falling due within one year
(33,247)
(14,753)
Net current assets
63,227 
77,052 
Total assets less current liabilities
81,103 
99,165 
Creditors: amounts falling due after more than one year
(20,000)
(38,778)
Net assets
61,103 
60,387 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
61,003 
60,287 
Shareholders' funds
61,103 
60,387 
For the year ending 30 September 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 director acknowledges his 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 and authorised for issue on 31 August 2023 and were signed on its behalf by
Manmeet Singh Sehgal Director Company Registration No. 8705108
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SEHGAL & SONS LIMITED Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
SEHGAL & SONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 8705108. The registered office is 121 Beavers Lane, Hounslow, TW4 6HF.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% REDUCING BALANCE METHOD
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
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SEHGAL & SONS LIMITED Notes to the Accounts for the year ended 30 September 2023
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2022
28,746 
12,933 
41,679 
At 30 September 2023
28,746 
12,933 
41,679 
Depreciation
At 1 October 2022
10,350 
9,216 
19,566 
Charge for the year
3,680 
557 
4,237 
At 30 September 2023
14,030 
9,773 
23,803 
Net book value
At 30 September 2023
14,716 
3,160 
17,876 
At 30 September 2022
18,396 
3,717 
22,113 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
57,000 
50,000 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Trade creditors
4,000 
- 
Taxes and social security
19,247 
4,753 
33,247 
14,753 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
20,000 
38,778 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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