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REGISTERED NUMBER: SC378282 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Nath Enterprises Limited

Nath Enterprises Limited (Registered number: SC378282)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nath Enterprises Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Mrs S Marwaha
R Marwaha
R Marwaha
N Marwaha





REGISTERED OFFICE: 721-723 Great Western Road
Glasgow
G12 8QX





REGISTERED NUMBER: SC378282 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

Nath Enterprises Limited (Registered number: SC378282)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,353 9,353
Tangible assets 5 39,433 43,842
48,786 53,195

CURRENT ASSETS
Stocks 6 9,281 11,175
Debtors 7 27,285 23,857
Cash at bank 12,316 9,425
48,882 44,457
CREDITORS
Amounts falling due within one year 8 161,466 149,248
NET CURRENT LIABILITIES (112,584 ) (104,791 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(63,798

)

(51,596

)

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings (63,800 ) (51,598 )
SHAREHOLDERS' FUNDS (63,798 ) (51,596 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

Nath Enterprises Limited (Registered number: SC378282)

Balance Sheet - continued
30 September 2023


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 25 June 2024 and were signed on its behalf by:





R Marwaha - Director


Nath Enterprises Limited (Registered number: SC378282)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Nath Enterprises 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 stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Stamp Duty are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance
Computer equipment - 15% 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.

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

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 year was 22 (2022 - 25 ) .

Nath Enterprises Limited (Registered number: SC378282)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. INTANGIBLE FIXED ASSETS
Stamp
Goodwill Duty Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 119,999 9,353 129,352
AMORTISATION
At 1 October 2022
and 30 September 2023 119,999 - 119,999
NET BOOK VALUE
At 30 September 2023 - 9,353 9,353
At 30 September 2022 - 9,353 9,353

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 111,753 2,185 113,938
DEPRECIATION
At 1 October 2022 68,422 1,674 70,096
Charge for year 4,333 76 4,409
At 30 September 2023 72,755 1,750 74,505
NET BOOK VALUE
At 30 September 2023 38,998 435 39,433
At 30 September 2022 43,331 511 43,842

6. STOCKS
30.9.23 30.9.22
£    £   
Stocks 9,281 11,175

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 26,285 22,857
Prepayments 1,000 1,000
27,285 23,857

Nath Enterprises Limited (Registered number: SC378282)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Other loans 34,464 41,456
Trade creditors 1,775 1,668
Tax (1,103 ) (739 )
Social security and other taxes 3,452 3,375
VAT 17,740 20,508
Other creditors 5,100 5,100
Penny Black Glasgow ltd 82,172 63,687
Directors' current accounts 14,494 8,609
Accruals 3,372 5,584
161,466 149,248

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
2 Ordinary £1 2 2

10. ULTIMATE CONTROLLING PARTY

There was no overall ultimate controlling party during the year.