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Registered number: 11150745
JP Dhanak Enterprise Ltd
Financial Statements
For The Year Ended 31 January 2024
1A Accountancy
Chartered Certified Accountants
262 Catherine Street
Diamond Business Building
Leicester
LE4 6GD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11150745
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 19,500 19,500
Tangible Assets 5 4,934 4,934
24,434 24,434
CURRENT ASSETS
Stocks 6 - 886,079
Debtors 7 - 121,308
Cash at bank and in hand 2,009 3,817
2,009 1,011,204
Creditors: Amounts Falling Due Within One Year 8 (970,769 ) (1,083,111 )
NET CURRENT ASSETS (LIABILITIES) (968,760 ) (71,907 )
TOTAL ASSETS LESS CURRENT LIABILITIES (944,326 ) (47,473 )
Creditors: Amounts Falling Due After More Than One Year 9 (24,987 ) (35,760 )
NET LIABILITIES (969,313 ) (83,233 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (969,413 ) (83,333 )
SHAREHOLDERS' FUNDS (969,313) (83,233)
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Dharmendra Dhanak
Director
23/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
JP Dhanak Enterprise Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11150745 . The registered office is 262 Catherine Street, Leicester, Leicestershire, LE4 6GD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25%
Fixtures & Fittings 25%
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 3)
- 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 19,500
As at 31 January 2024 19,500
Net Book Value
As at 31 January 2024 19,500
As at 1 February 2023 19,500
Page 3
Page 4
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 February 2023 6,150 4,219 10,369
As at 31 January 2024 6,150 4,219 10,369
Depreciation
As at 1 February 2023 2,173 3,262 5,435
As at 31 January 2024 2,173 3,262 5,435
Net Book Value
As at 31 January 2024 3,977 957 4,934
As at 1 February 2023 3,977 957 4,934
6. Stocks
2024 2023
£ £
Stock - 886,079
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 116,472
VAT - 4,836
- 121,308
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 34,784
Accruals and deferred income - 730
Director's loan account 970,769 1,047,597
970,769 1,083,111
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 24,987 35,760
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4