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REGISTERED NUMBER: 05313300 (England and Wales)















BHALLA CONSULTANTS LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024






BHALLA CONSULTANTS LTD (REGISTERED NUMBER: 05313300)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Report of the Accountants 6

BHALLA CONSULTANTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: V K Bhalla
Mrs N Bhalla





SECRETARY: Mrs N Bhalla





REGISTERED OFFICE: Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL





REGISTERED NUMBER: 05313300 (England and Wales)





ACCOUNTANTS: FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL

BHALLA CONSULTANTS LTD (REGISTERED NUMBER: 05313300)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 660 137
Investments 5 156,995 153,736
157,655 153,873

CURRENT ASSETS
Debtors 6 18,111 23,113
Cash at bank 86,671 58,262
104,782 81,375
CREDITORS
Amounts falling due within one year 7 40,715 24,501
NET CURRENT ASSETS 64,067 56,874
TOTAL ASSETS LESS CURRENT
LIABILITIES

221,722

210,747

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 221,622 210,647
SHAREHOLDERS' FUNDS 221,722 210,747

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

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

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 6 February 2024 and were signed on its behalf by:




V K Bhalla - Director


BHALLA CONSULTANTS LTD (REGISTERED NUMBER: 05313300)

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

1. STATUTORY INFORMATION

Bhalla Consultants Ltd 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office Equipment - 20% on cost
Computer Equipment - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Fixed asset investment
Investments in shares are included at fair value.

3. EMPLOYEES AND DIRECTORS

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

BHALLA CONSULTANTS LTD (REGISTERED NUMBER: 05313300)

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

4. PROPERTY, PLANT AND EQUIPMENT
Office Computer
Equipment Equipment Totals
£    £    £   
COST
At 1 February 2023 6,160 3,307 9,467
Additions - 744 744
At 31 January 2024 6,160 4,051 10,211
DEPRECIATION
At 1 February 2023 6,149 3,181 9,330
Charge for year - 221 221
At 31 January 2024 6,149 3,402 9,551
NET BOOK VALUE
At 31 January 2024 11 649 660
At 31 January 2023 11 126 137

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 February 2023 153,736
Revaluations 3,259
At 31 January 2024 156,995
NET BOOK VALUE
At 31 January 2024 156,995
At 31 January 2023 153,736

Cost or valuation at 31 January 2024 is represented by:

Listed
investments
£   
Valuation in 2017 44,675
Valuation in 2018 3,656
Valuation in 2019 (3,259 )
Valuation in 2020 12,798
Valuation in 2021 2,464
Valuation in 2022 2,782
Valuation in 2023 (9,380 )
Valuation in 2024 3,259
Cost 100,000
156,995

BHALLA CONSULTANTS LTD (REGISTERED NUMBER: 05313300)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,300 3,150
Other debtors 14,811 19,963
18,111 23,113

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 21,699 7,599
Other creditors 19,016 16,902
40,715 24,501

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. DIRECTOR'S TRANSACTIONS

The following interest free loans to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
V K Bhalla and Mrs N Bhalla
Balance outstanding at start of year 19,963 19,176
Amounts advanced 19,811 19,963
Amounts repaid (24,963 ) (19,176 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,811 19,963

BHALLA CONSULTANTS LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
BHALLA CONSULTANTS LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 January 2024 set out on pages two to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL


6 February 2024