1 01/02/2023 31/01/2024 2024-01-31 false false false false false false false true false false true false false false false true true false No description of principal activities is disclosed 2023-02-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 11782494 2023-02-01 2024-01-31 11782494 2024-01-31 11782494 2023-01-31 11782494 2022-02-01 2023-01-31 11782494 2023-01-31 11782494 2022-01-31 11782494 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 11782494 bus:RegisteredOffice 2023-02-01 2024-01-31 11782494 bus:LeadAgentIfApplicable 2023-02-01 2024-01-31 11782494 bus:Director1 2023-02-01 2024-01-31 11782494 core:FurnitureFittingsToolsEquipment 2023-01-31 11782494 core:FurnitureFittingsToolsEquipment 2024-01-31 11782494 core:WithinOneYear 2024-01-31 11782494 core:WithinOneYear 2023-01-31 11782494 core:ShareCapital 2024-01-31 11782494 core:ShareCapital 2023-01-31 11782494 core:RetainedEarningsAccumulatedLosses 2024-01-31 11782494 core:RetainedEarningsAccumulatedLosses 2023-01-31 11782494 core:CostValuation core:Non-currentFinancialInstruments 2023-01-31 11782494 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-01-31 11782494 core:CostValuation core:Non-currentFinancialInstruments 2024-01-31 11782494 core:Non-currentFinancialInstruments 2024-01-31 11782494 core:Non-currentFinancialInstruments 2023-01-31 11782494 core:FurnitureFittingsToolsEquipment 2023-01-31 11782494 bus:SmallEntities 2023-02-01 2024-01-31 11782494 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 11782494 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11782494 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11782494 bus:FullAccounts 2023-02-01 2024-01-31
Company registration number: 11782494
Dr Khushal Morar Limited
Unaudited filleted financial statements
31 January 2024
Dr Khushal Morar Limited
Contents
Directors and other information
Accountant's report
Statement of financial position
Notes to the financial statements
Dr Khushal Morar Limited
Directors and other information
Director Dr Khushal Morar
Company number 11782494
Registered office 392-394 Hoylake Road
Moreton
Wirral
CH46 6DF
Accountant Hailwood & Co.
392-394 Hoylake Road
Moreton
Wirral
CH46 6DF
Dr Khushal Morar Limited
Chartered accountant's report to the director on the preparation of the
unaudited statutory financial statements of Dr Khushal Morar Limited
Year ended 31 January 2024
As described on the Statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 January 2024, as set out on pages 3 to 7.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Hailwood & Co.
Chartered Accountants
392-394 Hoylake Road
Moreton
Wirral
CH46 6DF
31 October 2024
Dr Khushal Morar Limited
Statement of financial position
31 January 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 25,442 12,424
Investments 6 235,964 223,964
_______ _______
261,406 236,388
Current assets
Debtors 7 21,000 30,917
Cash at bank and in hand 496,780 336,405
_______ _______
517,780 367,322
Creditors: amounts falling due
within one year 8 ( 146,867) ( 208,237)
_______ _______
Net current assets 370,913 159,085
_______ _______
Total assets less current liabilities 632,319 395,473
_______ _______
Net assets 632,319 395,473
_______ _______
Capital and reserves
Called up share capital 12 12
Profit and loss account 632,307 395,461
_______ _______
Shareholders funds 632,319 395,473
_______ _______
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 31 October 2024 , and are signed on behalf of the board by:
Dr Khushal Morar
Director
Company registration number: 11782494
Dr Khushal Morar Limited
Notes to the financial statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 392-394 Hoylake Road, Moreton, Wirral, CH46 6DF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates are accounted for in accordance with the cost model and are recorded at cost less any accumulated impairment losses.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 February 2023 21,987 21,987
Additions 21,500 21,500
_______ _______
At 31 January 2024 43,487 43,487
_______ _______
Depreciation
At 1 February 2023 9,563 9,563
Charge for the year 8,482 8,482
_______ _______
At 31 January 2024 18,045 18,045
_______ _______
Carrying amount
At 31 January 2024 25,442 25,442
_______ _______
At 31 January 2023 12,424 12,424
_______ _______
6. Investments
Shares in group undertakings and participating interests Other investments other than loans Total
£ £ £
Cost
At 1 February 2023 203,314 20,650 223,964
Additions - 12,000 12,000
_______ _______ _______
At 31 January 2024 203,314 32,650 235,964
_______ _______ _______
Impairment
At 1 February 2023 and 31 January 2024 - - -
_______ _______ _______
Carrying amount
At 31 January 2024 203,314 32,650 235,964
_______ _______ _______
At 31 January 2023 203,314 20,650 223,964
_______ _______ _______
7. Debtors
2024 2023
£ £
Other debtors 21,000 30,917
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 24,629 35,277
Corporation tax 118,563 170,307
Other creditors 3,675 2,653
_______ _______
146,867 208,237
_______ _______
9. Controlling party
The company is controlled by the directors whose names are shown on the director's report.
10. Directors' advances, credits and guarantees
All movements on directors' advances, credits and guarantees, were as would be expected under normal market conditions, not material in terms of risk or benefits arising and would therefore not influence the users of these accounts when assessing the financial position of the company.