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REGISTERED NUMBER: 04475562 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st January 2024

for

Chawla's Limited

Chawla's Limited (Registered number: 04475562)






Contents of the Financial Statements
for the Year Ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chawla's Limited

Company Information
for the Year Ended 31st January 2024







DIRECTORS: R S Chawla
S S Chawla
P K Chawla





REGISTERED OFFICE: 249 Bath Road
Hounslow
Middlesex
TW3 3DA





REGISTERED NUMBER: 04475562 (England and Wales)





ACCOUNTANTS: Aquarius Tax Consultancy Limited
Suite 1B The Beehive
Lions Drive
Shadsworth Business Park
Blackburn
Lancashire
BB1 2QS

Chawla's Limited (Registered number: 04475562)

Balance Sheet
31st January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,199,631 13,804,396

CURRENT ASSETS
Debtors 5 92,109 82,496
Cash at bank 32,473 22,864
124,582 105,360
CREDITORS
Amounts falling due within one year 6 7,746,471 7,731,737
NET CURRENT LIABILITIES (7,621,889 ) (7,626,377 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,577,742

6,178,019

CREDITORS
Amounts falling due after more than one
year

7

(266,830

)

(455,276

)

PROVISIONS FOR LIABILITIES (27,902 ) (20,054 )
NET ASSETS 6,283,010 5,702,689

CAPITAL AND RESERVES
Called up share capital 1,002 1,002
Revaluation reserve 8 1,025,500 1,025,500
Retained earnings 5,256,508 4,676,187
6,283,010 5,702,689

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

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

Chawla's Limited (Registered number: 04475562)

Balance Sheet - continued
31st January 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 24th October 2024 and were signed on its behalf by:





R S Chawla - Director


Chawla's Limited (Registered number: 04475562)

Notes to the Financial Statements
for the Year Ended 31st January 2024

1. STATUTORY INFORMATION

Chawla's 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

Chawla's Limited (Registered number: 04475562)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st February 2023 13,698,847 711,950 14,410,797
Additions 389,175 27,419 416,594
At 31st January 2024 14,088,022 739,369 14,827,391
DEPRECIATION
At 1st February 2023 - 606,401 606,401
Charge for year - 21,359 21,359
At 31st January 2024 - 627,760 627,760
NET BOOK VALUE
At 31st January 2024 14,088,022 111,609 14,199,631
At 31st January 2023 13,698,847 105,549 13,804,396

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 81,436 79,496
Other debtors 10,673 3,000
92,109 82,496

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 218,000 248,622
Taxation and social security 184,641 145,344
Other creditors 7,343,830 7,337,771
7,746,471 7,731,737

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 266,830 455,276

8. RESERVES
Revaluation
reserve
£   
At 1st February 2023
and 31st January 2024 1,025,500