SIKH EDUCATION FORUM
Registered number: 13136384
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ 1 £ 1
Fixed assets
Intangible assets - -
Tangible assets 3 - -
Investments - -
- -
Current assets
Stocks - -
Debtors - -
Investments held as current assets - -
Cash at bank and in hand 414 695
414 695
Creditors: amounts falling due within one year (538) (288)
Current Assets ( Liabilities) (124) 407
Total assets less current liabilities (124) 407
Creditors: amounts falling due after more than one year - -
Provisions for liabilities - -
Net Assets (124) 407
Capital and reserves
Called up share capital - -
Share premium - -
Revaluation reserve - -
Profit and loss account (124) 407
Shareholder's funds (124) 407
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Harminder Kaur Bhogal
Director
Approved by the board on 31 October 2024
SIKH EDUCATION FORUM
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Fixture & Fittings Computer& Equipment Motor vehicles Total
£ 1 £ 1 £ 1 £ 1
Cost
At 1 February 2023 - - - -
Additions - - - -
Surplus on revaluation - - - -
Disposals - - - -
At 31 January 2024 - - - -
Depreciation
At 1 February 2023 - - - -
Charge for the year - - - -
Surplus on revaluation - - - -
On disposals - - - -
At 31 January 2024 - - - -
Net book value
At 31 January 2024 - - - -
At 31 January 2023 - - - -
Freehold land and buildings: 2024 2023
£ 1 £ 1
Historical cost - -
Cumulative depreciation based on historical cost - -
- -
0 Creditors: amounts falling due within one year 2024 2023
£ 1 £ 1
Non-equity preference shares - -
Bank loans and overdrafts - -
Obligations under finance lease and hire purchase contracts - -
Trade creditors - -
Amounts owed to group undertakings and undertakings in which the company has a participating interest 500 250
Taxation and social security costs 38 38
Other creditors - -
538 288
0 Creditors: amounts falling due after one year 2024 2023
£ 1 £ 1
Non-equity preference shares - -
Bank loans - -
Obligations under finance lease and hire purchase contracts - -
Trade creditors - -
Amounts owed to group undertakings and undertakings in which the company has a participating interest - -
Other creditors - -
- -
0 Loans 2024 2023
£ 1 £ 1
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years - -
Instalments falling due for payment after more than five years - -
- -
0 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ 1 £ 1 £ 1 £ 1
Sarwan Singh Ghatroura (resigned 29th January 2023)
Onkar Singh
Harminder Kaur Bhogal
Raljinder Kaur Bhogal
0 Guarantees made by the company on behalf of directors
Main terms Maximum Amount paid
liability and incurred
£ 1 £ 1
Sarwan Singh Ghatroura (resigned 29th January 2023)
Onkar Singh
Harminder Kaur Bhogal
Raljinder Kaur Bhogal
4 Other information
SIKH EDUCATION FORUM is a private company limited by guaranteewithout share capital and incorporated in England. Its registered office is:
Greets Green Community Enterprise Centre Room 7 (1st Floor)
157 Wood Lane
West Bromwich
West Midlands
B70 9PT
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