IRIS Accounts Production v24.3.0.553 14637781 director 3.2.23 31.3.24 31.3.24 false true false false false true false Ordinary 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh146377812023-02-02146377812024-03-31146377812023-02-032024-03-31146377812023-02-0214637781ns15:EnglandWales2023-02-032024-03-3114637781ns14:PoundSterling2023-02-032024-03-3114637781ns10:Director12023-02-032024-03-3114637781ns10:PrivateLimitedCompanyLtd2023-02-032024-03-3114637781ns10:SmallEntities2023-02-032024-03-3114637781ns10:AuditExempt-NoAccountantsReport2023-02-032024-03-3114637781ns10:SmallCompaniesRegimeForDirectorsReport2023-02-032024-03-3114637781ns10:SmallCompaniesRegimeForAccounts2023-02-032024-03-3114637781ns10:FullAccounts2023-02-032024-03-311463778112023-02-032024-03-3114637781ns10:OrdinaryShareClass12023-02-032024-03-3114637781ns10:OrdinaryShareClass112023-02-032024-03-3114637781ns5:CurrentFinancialInstruments2024-03-3114637781ns5:Non-currentFinancialInstruments2024-03-3114637781ns5:ShareCapital2024-03-3114637781ns5:RetainedEarningsAccumulatedLosses2024-03-3114637781ns5:NetGoodwill2023-02-032024-03-3114637781ns5:IntangibleAssetsOtherThanGoodwill2023-02-032024-03-3114637781ns5:PlantMachinery2023-02-032024-03-3114637781ns5:NetGoodwill2024-03-3114637781ns5:LandBuildings2023-02-032024-03-3114637781ns5:LandBuildings2024-03-3114637781ns5:PlantMachinery2024-03-3114637781ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3114637781ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 14637781 (England and Wales)


Financial Statements for the Period 3 February 2023 to 31 March 2024

for

Dhillon Convenience Store Limited

Dhillon Convenience Store Limited (Registered number: 14637781)






Contents of the Financial Statements
for the Period 3 February 2023 to 31 March 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Dhillon Convenience Store Limited (Registered number: 14637781)

Statement of Financial Position
31 March 2024

Notes £    £   
FIXED ASSETS
Intangible assets 3 240,000
Property, plant and equipment 4 56,570
296,570

CURRENT ASSETS
Inventories 5 27,054
Debtors 6 9,171
Cash at bank and in hand 81,451
117,676
CREDITORS
Amounts falling due within one year 7 50,055
NET CURRENT ASSETS 67,621
TOTAL ASSETS LESS CURRENT
LIABILITIES

364,191

CREDITORS
Amounts falling due after more than one
year

8

321,652
NET ASSETS 42,539

CAPITAL AND RESERVES
Called up share capital 9 100
Retained earnings 42,439
SHAREHOLDERS' FUNDS 42,539

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Dhillon Convenience Store Limited (Registered number: 14637781)

Statement of Financial Position - continued
31 March 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 director and authorised for issue on 29 October 2024 and were signed by:





Mr Manjindar Singh Dhillon - Director


Dhillon Convenience Store Limited (Registered number: 14637781)

Notes to the Financial Statements
for the Period 3 February 2023 to 31 March 2024

1. 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 represents net sales of invoiced goods and services excluding Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2024.

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.
Plant and machinery etc - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Long term contracts are stated at net cost less foreseeable losses less any applicable payments on account. The amount recorded as revenue in respect of long term contracts is ascertained by reference to the value of the work carried out to date. Attributable profit is recognised as the difference between recorded revenue and related costs.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 240,000
At 31 March 2024 240,000
NET BOOK VALUE
At 31 March 2024 240,000

Dhillon Convenience Store Limited (Registered number: 14637781)

Notes to the Financial Statements - continued
for the Period 3 February 2023 to 31 March 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
Additions 1 77,369 77,370
At 31 March 2024 1 77,369 77,370
DEPRECIATION
Charge for period - 20,800 20,800
At 31 March 2024 - 20,800 20,800
NET BOOK VALUE
At 31 March 2024 1 56,569 56,570

5. INVENTORIES
£   
Stocks 22,054

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 9,171

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 1,026
Taxation and social security 2,670
Other creditors 46,359
50,055

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
£   
Hire purchase contracts 46,652
Other Creditors- 1 275,000
321,652

Dhillon Convenience Store Limited (Registered number: 14637781)

Notes to the Financial Statements - continued
for the Period 3 February 2023 to 31 March 2024

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal
value: £   
100 Share capital 1 £1 100

100 Ordinary shares of £1 each were allotted at par during the period.