Company Registration No. 13409789 (England and Wales)
CHAHAL PRIVATE LTD
Unaudited accounts
for the year ended 31 May 2024
CHAHAL PRIVATE LTD
Unaudited accounts
Contents
CHAHAL PRIVATE LTD
Company Information
for the year ended 31 May 2024
Company Number
13409789 (England and Wales)
Registered Office
204 HIGHLAND DRIVE
LOUGHBOROUGH
LE11 2QH
ENGLAND
Accountants
Farshan & Co
Accountants & Tax Advisers
Suite 1, 2 Britannia Street
Leicester
LE1 3LE
CHAHAL PRIVATE LTD
Accountants' report
Accountants' report to the director of CHAHAL PRIVATE LTD on the preparation of the unaudited statutory accounts for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
CHAHAL PRIVATE LTD for the year ended
31 May 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of CHAHAL PRIVATE LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of CHAHAL PRIVATE LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CHAHAL PRIVATE LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that CHAHAL PRIVATE LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of CHAHAL PRIVATE LTD. You consider that CHAHAL PRIVATE LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of CHAHAL PRIVATE LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Farshan & Co
Accountants & Tax Advisers
Suite 1, 2 Britannia Street
Leicester
LE1 3LE
14 October 2024
CHAHAL PRIVATE LTD
Statement of financial position
as at 31 May 2024
Tangible assets
3,820
6,780
Cash at bank and in hand
100
1,736
Creditors: amounts falling due within one year
(5,443)
(1,436)
Net current (liabilities)/assets
(4,348)
1,295
Net (liabilities)/assets
(528)
8,075
Called up share capital
100
100
Profit and loss account
(628)
7,975
Shareholders' funds
(528)
8,075
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 October 2024 and were signed on its behalf by
Mr.Daljit SINGH
Director
Company Registration No. 13409789
CHAHAL PRIVATE LTD
Notes to the Accounts
for the year ended 31 May 2024
CHAHAL PRIVATE LTD is a private company, limited by shares, registered in England and Wales, registration number 13409789. The registered office is 204 HIGHLAND DRIVE, LOUGHBOROUGH, LE11 2QH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
CHAHAL PRIVATE LTD
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
4,500
1,450
3,389
9,339
Disposals
(4,500)
-
-
(4,500)
At 31 May 2024
4,500
1,450
3,389
9,339
At 1 June 2023
1,474
475
610
2,559
Charge for the year
810
176
500
1,486
On disposals
1,474
-
-
1,474
At 31 May 2024
3,758
651
1,110
5,519
At 31 May 2024
742
799
2,279
3,820
At 31 May 2023
3,026
975
2,779
6,780
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
1,436
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).