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
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
SEHGAL & SONS LIMITED
Statement of financial position
as at 30 September 2023
Tangible assets
17,876
22,113
Cash at bank and in hand
4,474
6,805
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)
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
SEHGAL & SONS LIMITED
Notes to the Accounts
for the year ended 30 September 2023
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.
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.
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 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.
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.
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
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
At 30 September 2023
14,716
3,160
17,876
At 30 September 2022
18,396
3,717
22,113
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
Taxes and social security
19,247
4,753
7
Creditors: amounts falling due after more than one year
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).