Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 10635621 Mrs Lakhvir Singh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10635621 2023-02-28 10635621 2024-02-29 10635621 2023-03-01 2024-02-29 10635621 frs-core:CurrentFinancialInstruments 2024-02-29 10635621 frs-core:Non-currentFinancialInstruments 2024-02-29 10635621 frs-core:ComputerEquipment 2024-02-29 10635621 frs-core:ComputerEquipment 2023-03-01 2024-02-29 10635621 frs-core:ComputerEquipment 2023-02-28 10635621 frs-core:MotorVehicles 2024-02-29 10635621 frs-core:MotorVehicles 2023-03-01 2024-02-29 10635621 frs-core:MotorVehicles 2023-02-28 10635621 frs-core:ShareCapital 2024-02-29 10635621 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 10635621 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10635621 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 10635621 frs-bus:SmallEntities 2023-03-01 2024-02-29 10635621 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 10635621 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 10635621 frs-bus:Director1 2023-03-01 2024-02-29 10635621 frs-countries:EnglandWales 2023-03-01 2024-02-29 10635621 2022-02-28 10635621 2023-02-28 10635621 2022-03-01 2023-02-28 10635621 frs-core:CurrentFinancialInstruments 2023-02-28 10635621 frs-core:Non-currentFinancialInstruments 2023-02-28 10635621 frs-core:ShareCapital 2023-02-28 10635621 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 10635621
PUNJAB HAULAGE LTD.
Unaudited Financial Statements
For The Year Ended 29 February 2024
OXON ACCOUNTANCY
28 THE QUADRANT
THE SCIENCE CENTRE
Abingdon
Oxfordshire
OX14 3YS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10635621
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 65,362 51,501
65,362 51,501
CURRENT ASSETS
Cash at bank and in hand 7,845 7,845
7,845 7,845
Creditors: Amounts Falling Due Within One Year 5 (91,665 ) (59,408 )
NET CURRENT ASSETS (LIABILITIES) (83,820 ) (51,563 )
TOTAL ASSETS LESS CURRENT LIABILITIES (18,458 ) (62 )
Creditors: Amounts Falling Due After More Than One Year 6 (15,000 ) (15,000 )
NET LIABILITIES (33,458 ) (15,062 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (33,459 ) (15,063 )
SHAREHOLDERS' FUNDS (33,458) (15,062)
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Lakhvir Singh
Director
19/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
PUNJAB HAULAGE LTD. is a private company, limited by shares, incorporated in England & Wales, registered number 10635621 . The registered office is 37 The Mallards, St. Ives, England, PE27 6HT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% reducing balance bass
Computer Equipment 33.33% of reducing balance basis
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 100,000 1,200 101,200
Additions 29,166 1,302 30,468
As at 29 February 2024 129,166 2,502 131,668
Depreciation
As at 1 March 2023 48,800 899 49,699
Provided during the period 16,073 534 16,607
As at 29 February 2024 64,873 1,433 66,306
Net Book Value
As at 29 February 2024 64,293 1,069 65,362
As at 1 March 2023 51,200 301 51,501
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5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 28,750 28,750
VAT 332 381
Director's loan account 62,583 30,277
91,665 59,408
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 15,000 15,000
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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