Registered number
04365658
H & R SANDHU LIMITED
Report and Accounts
31 March 2024
www.chartered.org
H & R SANDHU LIMITED
Company Information
Directors
Mrs Devinder Kaur Sandhu
Mr Harpal Sandhu
Secretary
Mr Harinder Sandhu
Accountants
Abell Limited
128 Cannon Workshops
Cannon Drive
London E14 4AS
Bankers
Royal Bank of Scotland
Registered office
128 Cannon Workshops
Cannon Drive
London E14 4AS
Registered number
04365658
H & R SANDHU LIMITED
for the year ended 31 March 2024
Accountants' report to the directors of
H & R SANDHU LIMITED
You consider that the company is exempt from an audit for the year ended 31 March 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Abell Limited
Chartered Accountants
128 Cannon Workshops
Cannon Drive
London E14 4AS
13 November 2024
H & R SANDHU LIMITED
Registered number: 04365658
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 221,701 295,601
Tangible assets 4 360,816 387,626
582,517 683,227
Current assets
Cash at bank and in hand 20,615 -
Creditors: amounts falling due within one year 5 (113,415) (170,037)
Net current liabilities (92,800) (170,037)
Total assets less current liabilities 489,717 513,190
Creditors: amounts falling due after more than one year 6 (245,000) (327,588)
Net assets 244,717 185,602
Capital and reserves
Called up share capital 100 100
Profit and loss account 244,617 185,502
Shareholders' funds 244,717 185,602
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 members have 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.
Mrs Devinder Kaur Sandhu
Director
Approved by the board on 13 November 2024
H & R SANDHU LIMITED
Notes to the Accounts
for the year ended 31 March 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.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 503,103
At 31 March 2024 503,103
Amortisation
At 1 April 2023 207,502
Provided during the year 73,900
At 31 March 2024 281,402
Net book value
At 31 March 2024 221,701
At 31 March 2023 295,601
Goodwill is written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 127,998 1,322,975 122,856 1,573,829
Additions - 50,796 - 50,796
At 31 March 2024 127,998 1,373,771 122,856 1,624,625
Depreciation
At 1 April 2023 - 1,071,968 114,235 1,186,203
Charge for the year - 75,451 2,155 77,606
At 31 March 2024 - 1,147,419 116,390 1,263,809
Net book value
At 31 March 2024 127,998 226,352 6,466 360,816
At 31 March 2023 127,998 251,007 8,621 387,626
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 40,095
Trade creditors 22,295 65,049
Corporation tax 75,356 20,022
Other taxes and social security costs 19,370 31,342
Other creditors (3,606) 13,529
113,415 170,037
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 245,000 327,588
7 Contingent liabilities
On 25th February 2020 a Fixed and Floating Charge over all assets of the company was granted to Clydesdale Bank plc
8 Other information
H & R SANDHU LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
128 Cannon Workshops
Cannon Drive
London E14 4AS
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