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REGISTERED NUMBER: 01652170 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

CHOPRA MANUFACTURING CO. LIMITED

CHOPRA MANUFACTURING CO. LIMITED (REGISTERED NUMBER: 01652170)

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


CHOPRA MANUFACTURING CO. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: V Chopra
S M Chopra





SECRETARY: R Chopra





REGISTERED OFFICE: 242 Church Road
Leyton
London
E10 7JQ





REGISTERED NUMBER: 01652170 (England and Wales)





ACCOUNTANTS: Ashfords Partnership LLP
114 - 116 Goodmayes Road
Ilford
Essex
IG3 9UZ

CHOPRA MANUFACTURING CO. LIMITED (REGISTERED NUMBER: 01652170)

BALANCE SHEET
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 378,426 378,426
Investment property 6 1,692,257 1,692,257
2,070,683 2,070,683

CURRENT ASSETS
Stocks 1,520,000 1,520,000
Debtors 7 228,402 228,402
Cash at bank and in hand 34,759 34,759
1,783,161 1,783,161
CREDITORS
Amounts falling due within one year 8 789,965 789,965
NET CURRENT ASSETS 993,196 993,196
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,063,879

3,063,879

CREDITORS
Amounts falling due after more than one
year

9

(2,690,401

)

(2,690,401

)

PROVISIONS FOR LIABILITIES (40,000 ) (40,000 )
NET ASSETS 333,478 333,478

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Fair value reserve 11 308,810 308,810
Retained earnings 14,668 14,668
SHAREHOLDERS' FUNDS 333,478 333,478

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.

CHOPRA MANUFACTURING CO. LIMITED (REGISTERED NUMBER: 01652170)

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 26 September 2024 and were signed on its behalf by:





S M Chopra - Director


CHOPRA MANUFACTURING CO. LIMITED (REGISTERED NUMBER: 01652170)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Chopra Manufacturing Co. Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


CHOPRA MANUFACTURING CO. LIMITED (REGISTERED NUMBER: 01652170)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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 19 (2022 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 61,584
AMORTISATION
At 1 October 2022
and 30 September 2023 61,584
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 October 2022
and 30 September 2023 9,307 461,693 16,176
DEPRECIATION
At 1 October 2022
and 30 September 2023 9,307 223,041 13,928
NET BOOK VALUE
At 30 September 2023 - 238,652 2,248
At 30 September 2022 - 238,652 2,248

CHOPRA MANUFACTURING CO. LIMITED (REGISTERED NUMBER: 01652170)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2022
and 30 September 2023 109,866 188,365 26,447 811,854
DEPRECIATION
At 1 October 2022
and 30 September 2023 86,618 75,296 25,238 433,428
NET BOOK VALUE
At 30 September 2023 23,248 113,069 1,209 378,426
At 30 September 2022 23,248 113,069 1,209 378,426

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 1,692,257
NET BOOK VALUE
At 30 September 2023 1,692,257
At 30 September 2022 1,692,257

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2018 338,810
Cost 1,353,447
1,692,257

Investment property was valued on an open market basis on 2 January 2018 by the Directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 153,067 153,067
Other debtors 75,335 75,335
228,402 228,402

CHOPRA MANUFACTURING CO. LIMITED (REGISTERED NUMBER: 01652170)

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
£    £   
Bank loans and overdrafts 91,947 91,947
Hire purchase contracts 26,667 26,667
Trade creditors 561,020 561,834
Taxation and social security 57,733 57,597
Other creditors 52,598 51,920
789,965 789,965

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans 1,256,289 1,256,289
Hire purchase contracts 40,000 40,000
Other creditors 1,394,112 1,394,112
2,690,401 2,690,401

Amounts falling due in more than five years:

Repayable by instalments
Bank Loans > 5yrs - 1,137,095
Habib Bk Loan > 5yrs 145,000 -
Santander Bank loan > 5yrs 992,095 -
1,137,095 1,137,095

10. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Bank overdrafts 58,815 58,815
Bank loans 1,289,421 1,289,421
1,348,236 1,348,236

secured over Directors and Company properties.

11. RESERVES
Fair
value
reserve
£   
At 1 October 2022
and 30 September 2023 308,810