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REGISTERED NUMBER: 06887442 (England and Wales)


Financial Statements for the Year Ended 31 March 2024

for

N P Bali Limited

N P Bali Limited (Registered number: 06887442)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


N P Bali Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr Ashok Bali
Mrs Kamlesh Bali





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
West Midlands
CV6 4AD





REGISTERED NUMBER: 06887442 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

N P Bali Limited (Registered number: 06887442)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,482 3,310

CURRENT ASSETS
Inventories 12,546 11,575
Debtors 5 101 98
Cash at bank and in hand 31,915 21,919
44,562 33,592
CREDITORS
Amounts falling due within one year 6 93,577 72,949
NET CURRENT LIABILITIES (49,015 ) (39,357 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(46,533

)

(36,047

)

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings (46,535 ) (36,049 )
SHAREHOLDERS' FUNDS (46,533 ) (36,047 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

N P Bali Limited (Registered number: 06887442)

Statement of Financial Position - continued
31 March 2024


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 4 October 2024 and were signed on its behalf by:





Mr Ashok Bali - Director


N P Bali Limited (Registered number: 06887442)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

N P Bali 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.

Turnover
Turnover represents net value of goods sold, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 18,457
DEPRECIATION
At 1 April 2023 15,147
Charge for year 828
At 31 March 2024 15,975
NET BOOK VALUE
At 31 March 2024 2,482
At 31 March 2023 3,310

N P Bali Limited (Registered number: 06887442)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 101 98

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 736
Taxation and social security 490 629
Other creditors 93,087 71,584
93,577 72,949

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1 2 2

8. RELATED PARTY DISCLOSURES

During the year, the Company has paid rent of £2,600 (2023: £2,600) in respect of the business property owned by the Directors.