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Registration number: 10480705

Arpana Hathi Ltd

Unaudited Filleted Financial Statements

for the Period from 1 December 2022 to 31 March 2024

 

Arpana Hathi Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Arpana Hathi Ltd

Company Information

Director

Mrs Arpana Hathi

Registered office

64 Manor Road
Bramhall
Stockport
Cheshire
SK7 3LY

Accountants

The Moffatts Partnership LLP
Suite 1.1, First Floor
Jackson House
Sibson Road
Sale
M33 7RR

 

Arpana Hathi Ltd

(Registration number: 10480705)
Balance Sheet as at 31 March 2024

Note

2024
£

2022
£

Fixed assets

 

Intangible assets

4

1,497

4,493

Tangible assets

5

763

632

 

2,260

5,125

Current assets

 

Stocks

6

4,916

8,367

Debtors

7

402

12,186

Cash at bank and in hand

 

8,050

48,540

 

13,368

69,093

Creditors: Amounts falling due within one year

8

(25,017)

(68,232)

Net current (liabilities)/assets

 

(11,649)

861

Total assets less current liabilities

 

(9,389)

5,986

Provisions for liabilities

(145)

(120)

Net (liabilities)/assets

 

(9,534)

5,866

Capital and reserves

 

Called up share capital

9

1

1

Retained earnings

(9,535)

5,865

Shareholders' (deficit)/funds

 

(9,534)

5,866

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

 

Arpana Hathi Ltd

(Registration number: 10480705)
Balance Sheet as at 31 March 2024

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 August 2024
 

.........................................
Mrs Arpana Hathi
Director

 

Arpana Hathi Ltd

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
64 Manor Road
Bramhall
Stockport
Cheshire
SK7 3LY
United Kingdom

These financial statements were authorised for issue by the director on 23 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis on preparing its financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Arpana Hathi Ltd

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 31 March 2024

Government grants

Government grants are recognised under the accrual model. Income is recognised in the same period that the related expenditure the grant is intended to compensate is incurred.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% Reducing balance basis

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Other Intangible Assets

20% Straight Line Basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Arpana Hathi Ltd

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 31 March 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Arpana Hathi Ltd

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 31 March 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 3 (2022 - 1).

 

Arpana Hathi Ltd

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 31 March 2024

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 December 2022

11,232

11,232

At 31 March 2024

11,232

11,232

Amortisation

At 1 December 2022

6,739

6,739

Amortisation charge

2,996

2,996

At 31 March 2024

9,735

9,735

Carrying amount

At 31 March 2024

1,497

1,497

At 30 November 2022

4,493

4,493

 

Arpana Hathi Ltd

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 31 March 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2022

842

842

Additions

367

367

At 31 March 2024

1,209

1,209

Depreciation

At 1 December 2022

210

210

Charge for the period

236

236

At 31 March 2024

446

446

Carrying amount

At 31 March 2024

763

763

At 30 November 2022

632

632

6

Stocks

2024
£

2022
£

Other inventories

4,916

8,367

7

Debtors

Current

2024
£

2022
£

Trade debtors

149

3,008

Prepayments

253

9,178

 

402

12,186

 

Arpana Hathi Ltd

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 31 March 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2022
£

Due within one year

 

Loans and borrowings

10

-

2,000

Trade creditors

 

670

1,652

Taxation and social security

 

4,049

16,137

Accruals and deferred income

 

1,370

38,376

Other creditors

 

18,928

10,067

 

25,017

68,232

9

Share capital

Allotted, called up and fully paid shares

2024

2022

No.

£

No.

£

Ordinary share class 1 of £1 each

1

1

1

1

       

10

Loans and borrowings

Current loans and borrowings

2024
£

2022
£

Other borrowings

-

2,000