Registered number
04366305
DILRIA LIMITED
Filleted Accounts
31 July 2023
DILRIA LIMITED
Registered number: 04366305
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 130,000 162,500
Tangible assets 4 48,903 49,415
178,903 211,915
Current assets
Stocks 99,096 93,376
Debtors 5 753,591 883,046
Cash at bank and in hand 42,914 1,154
895,601 977,576
Creditors: amounts falling due within one year 6 (657,894) (766,080)
Net current assets 237,707 211,496
Total assets less current liabilities 416,610 423,411
Creditors: amounts falling due after more than one year 7 (62,677) (93,372)
Provisions for liabilities (990) (990)
Net assets 352,943 329,049
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 351,943 328,049
Shareholders' funds 352,943 329,049
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr K Lakhani
Director
Approved by the board on 13 August 2024
DILRIA LIMITED
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 10% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 6
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2022 650,000
At 31 July 2023 650,000
Amortisation
At 1 August 2022 487,500
Provided during the year 32,500
At 31 July 2023 520,000
Net book value
At 31 July 2023 130,000
At 31 July 2022 162,500
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 August 2022 44,291 33,959 78,250
At 31 July 2023 44,291 33,959 78,250
Depreciation
At 1 August 2022 - 28,835 28,835
Charge for the year - 512 512
At 31 July 2023 - 29,347 29,347
Net book value
At 31 July 2023 44,291 4,612 48,903
At 31 July 2022 44,291 5,124 49,415
5 Debtors 2023 2022
£ £
Trade debtors 196,731 214,713
Amounts owed by group undertakings and undertakings in which the company has a participating interest 519,291 519,291
Other debtors - 1,785
VAT Refund 37,569 147,257
753,591 883,046
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 338,841 349,969
Trade creditors 66,363 85,459
Taxation and social security costs 2,822 49,434
Other creditors 249,868 281,218
657,894 766,080
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 32,500 42,225
Other creditors 30,177 51,147
62,677 93,372
The bank loans are secured on the assets of the company.
8 Related party transactions
Included in debtors are £504,510 (2022: £504,510) due from Lakhani Holdings Ltd and £50,955 (2022: £50,955) due from Pharmacy Team Ltd respectively.
Mr Sunil Lakhani who is the Director and 33% shareholder of Dilria Ltd is the sole director and 50% shareholder of Lakhani Holdings Ltd and and the sole director and 100% shareholder of Pharmacy Team Ltd.
Included in creditors is £197,517 (2022: £221,815) due to the director Mr Kamal Lakhani
9 Controlling party
Directors are the ultimate controlling parties.
10 Other information
DILRIA LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
195 Shirland Road
London
W9 2EU
DILRIA LIMITED 04366305 false 2022-08-01 2023-07-31 2023-07-31 VT Final Accounts April 2024 Mr K Lakhani No description of principal activity 04366305 2021-08-01 2022-07-31 04366305 core:WithinOneYear 2022-07-31 04366305 core:AfterOneYear 2022-07-31 04366305 core:ShareCapital 2022-07-31 04366305 core:RetainedEarningsAccumulatedLosses 2022-07-31 04366305 2022-08-01 2023-07-31 04366305 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 04366305 bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 04366305 bus:Director40 2022-08-01 2023-07-31 04366305 1 2022-08-01 2023-07-31 04366305 2 2022-08-01 2023-07-31 04366305 core:Goodwill 2022-08-01 2023-07-31 04366305 core:LandBuildings 2022-08-01 2023-07-31 04366305 core:PlantMachinery 2022-08-01 2023-07-31 04366305 countries:England 2022-08-01 2023-07-31 04366305 bus:FRS102 2022-08-01 2023-07-31 04366305 bus:FilletedAccounts 2022-08-01 2023-07-31 04366305 2023-07-31 04366305 core:WithinOneYear 2023-07-31 04366305 core:AfterOneYear 2023-07-31 04366305 core:ShareCapital 2023-07-31 04366305 core:RetainedEarningsAccumulatedLosses 2023-07-31 04366305 core:Goodwill 2023-07-31 04366305 core:LandBuildings 2023-07-31 04366305 core:PlantMachinery 2023-07-31 04366305 2022-07-31 04366305 core:Goodwill 2022-07-31 04366305 core:LandBuildings 2022-07-31 04366305 core:PlantMachinery 2022-07-31 iso4217:GBP xbrli:pure