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REGISTERED NUMBER: 03720024 (England and Wales)














BHAVINS FOOD LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






BHAVINS FOOD LIMITED (REGISTERED NUMBER: 03720024)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BHAVINS FOOD LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: K P Shah
R P Shah





SECRETARY: K P Shah





REGISTERED OFFICE: 5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE





REGISTERED NUMBER: 03720024 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

BHAVINS FOOD LIMITED (REGISTERED NUMBER: 03720024)

STATEMENT OF FINANCIAL POSITION
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 65,626 61,556

CURRENT ASSETS
Stocks 288,580 295,080
Debtors 6 152,653 199,493
Cash at bank and in hand 45,485 36,832
486,718 531,405
CREDITORS
Amounts falling due within one year 7 284,856 353,780
NET CURRENT ASSETS 201,862 177,625
TOTAL ASSETS LESS CURRENT
LIABILITIES

267,488

239,181

CREDITORS
Amounts falling due after more than one
year

8

15,834

27,605
NET ASSETS 251,654 211,576

CAPITAL AND RESERVES
Called up, paid and allotted share capital 196 196
Retained earnings 251,458 211,380
SHAREHOLDERS' FUNDS 251,654 211,576

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

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

BHAVINS FOOD LIMITED (REGISTERED NUMBER: 03720024)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by:





K P Shah - Director


BHAVINS FOOD LIMITED (REGISTERED NUMBER: 03720024)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Bhavins Food 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Income recognition
Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 5% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 16 ) .

BHAVINS FOOD LIMITED (REGISTERED NUMBER: 03720024)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 80,009 76,061 17,500 173,570
Additions - 16,192 - 16,192
At 31 March 2024 80,009 92,253 17,500 189,762
DEPRECIATION
At 1 April 2023 51,247 53,452 7,315 112,014
Charge for year 3,999 5,576 2,547 12,122
At 31 March 2024 55,246 59,028 9,862 124,136
NET BOOK VALUE
At 31 March 2024 24,763 33,225 7,638 65,626
At 31 March 2023 28,762 22,609 10,185 61,556

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 147,762 160,453
Other debtors 4,891 39,040
152,653 199,493

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 19,547
Hire purchase contracts 1,772 3,418
Trade creditors 253,701 306,309
Taxation and social security 9,750 11,291
Other creditors 9,633 13,215
284,856 353,780

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 15,834 25,833
Hire purchase contracts - 1,772
15,834 27,605

BHAVINS FOOD LIMITED (REGISTERED NUMBER: 03720024)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

9. TRANSACTIONS WITH DIRECTORS

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
K P Shah
Balance outstanding at start of year 24,806 48,623
Amounts advanced - 24,806
Amounts repaid (24,806 ) (48,623 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 24,806

Since the year end the loan has been repaid.

10. RELATED PARTY DISCLOSURES

The directors operate a loan account with the company, which is interest free and repayable on demand.
At the balance sheet date the director was owed £892.

The premises which the company leases is owned by the Shah family, two of whom are K Shah and R Shah, the directors of the company. The company pays an annual rent of £36,000 for the premises to the family.