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REGISTERED NUMBER: 04780774 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

BEGHAL LIMITED

BEGHAL LIMITED (REGISTERED NUMBER: 04780774)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEGHAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr Gurmit Singh
Mr Manjit Singh





SECRETARY: Mr Gurmit Singh





REGISTERED OFFICE: 131 - 133 Soho Road
Handsworth
Birmingham
West Midlands
B21 9ST





REGISTERED NUMBER: 04780774 (England and Wales)





ACCOUNTANTS: Ark Aurora Ltd
Chartered Accountants & Chartered Tax Advisers
The Maltings
2 Anderson Rd
Bearwood
Birmingham
West Midlands
B66 4AR

BEGHAL LIMITED (REGISTERED NUMBER: 04780774)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 75,000 75,000
Tangible assets 5 80,154 100,191
155,154 175,191

CURRENT ASSETS
Stocks 6 316,100 254,302
Debtors 7 5,000 7,761
Cash at bank and in hand 15,651 9,724
336,751 271,787
CREDITORS
Amounts falling due within one year 8 228,829 321,996
NET CURRENT ASSETS/(LIABILITIES) 107,922 (50,209 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

263,076

124,982

CREDITORS
Amounts falling due after more than one
year

9

245,755

109,223
NET ASSETS 17,321 15,759

CAPITAL AND RESERVES
Called up share capital 8 4
Retained earnings 17,313 15,755
SHAREHOLDERS' FUNDS 17,321 15,759

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

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

BEGHAL LIMITED (REGISTERED NUMBER: 04780774)

BALANCE SHEET - continued
31 MAY 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 11 October 2024 and were signed on its behalf by:





Mr Gurmit Singh - Director


BEGHAL LIMITED (REGISTERED NUMBER: 04780774)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Beghal 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 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 0, is being amortised evenly over its estimated useful life of nil 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.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% 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.

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 12 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 75,000
NET BOOK VALUE
At 31 May 2024 75,000
At 31 May 2023 75,000

BEGHAL LIMITED (REGISTERED NUMBER: 04780774)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023
and 31 May 2024 176,773 8,813 4,296 189,882
DEPRECIATION
At 1 June 2023 78,136 8,606 2,949 89,691
Charge for year 19,727 41 269 20,037
At 31 May 2024 97,863 8,647 3,218 109,728
NET BOOK VALUE
At 31 May 2024 78,910 166 1,078 80,154
At 31 May 2023 98,637 207 1,347 100,191

6. STOCKS
31.5.24 31.5.23
£    £   
Stocks 316,100 254,302

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors - 2,761
Other debtors 5,000 5,000
5,000 7,761

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 27,737 32,185
Trade creditors 8,373 10,226
Tax 2,447 12,252
Social security and other taxes 16,362 437
Pension Account 720 187
VAT 15,227 27,179
Other creditors 142,100 180,000
Directors' current accounts 13,863 57,530
Accrued expenses 2,000 2,000
228,829 321,996

BEGHAL LIMITED (REGISTERED NUMBER: 04780774)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans - 2-5 years 57,121 -
You Lend 106,000 -
Bank loans more 5 yr by instal 39,301 45,890
Other loans more 5yrs instal 43,333 63,333
245,755 109,223

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 39,301 45,890
Other loans more 5yrs instal 43,333 63,333
82,634 109,223

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Gurmit Singh.

There is no ultimate controlling parties.