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REGISTERED NUMBER: 12849820 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

T&M Khattra Ltd

T&M Khattra Ltd (Registered number: 12849820)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T&M Khattra Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr Talvinder Singh Khattra
Mrs Manjit Kaur





REGISTERED OFFICE: Southery Convenience Store
12 Westgate St.
Southery
Downham Market
Norfolk
PE38 0PA





REGISTERED NUMBER: 12849820 (England and Wales)





ACCOUNTANTS: R M Rahim & Co
Chartered Accountants
164 Lincoln Road
Peterborough
Cambridgeshire
PE1 2NW

T&M Khattra Ltd (Registered number: 12849820)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 85,000 90,000
Tangible assets 5 389,649 396,915
474,649 486,915

CURRENT ASSETS
Stocks 21,250 20,325
Debtors 6 360 378
Cash at bank and in hand 7 169,274 117,368
190,884 138,071
CREDITORS
Amounts falling due within one year 8 126,009 117,268
NET CURRENT ASSETS 64,875 20,803
TOTAL ASSETS LESS CURRENT
LIABILITIES

539,524

507,718

CREDITORS
Amounts falling due after more than one
year

9

426,084

442,176
NET ASSETS 113,440 65,542

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 113,340 65,442
113,440 65,542

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

T&M Khattra Ltd (Registered number: 12849820)

Balance Sheet - continued
30 November 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:




Mr Talvinder Singh Khattra - Director



Mrs Manjit Kaur - Director


T&M Khattra Ltd (Registered number: 12849820)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

T&M Khattra Ltd 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

Taxation
Taxation for the year comprises of current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

T&M Khattra Ltd (Registered number: 12849820)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 100,000
AMORTISATION
At 1 December 2022 10,000
Charge for year 5,000
At 30 November 2023 15,000
NET BOOK VALUE
At 30 November 2023 85,000
At 30 November 2022 90,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 386,770 24,229 410,999
Additions - 191 191
At 30 November 2023 386,770 24,420 411,190
DEPRECIATION
At 1 December 2022 9,171 4,913 14,084
Charge for year 4,531 2,926 7,457
At 30 November 2023 13,702 7,839 21,541
NET BOOK VALUE
At 30 November 2023 373,068 16,581 389,649
At 30 November 2022 377,599 19,316 396,915

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 360 378

7. CASH AT BANK AND IN HAND
30.11.23 30.11.22
£    £   
T & M Khattra Ltd 148,945 103,914
M Kaur Account 3,929 3,263
Cash in hand 16,400 10,191
169,274 117,368

T&M Khattra Ltd (Registered number: 12849820)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts (see note 10) 16,088 15,504
Trade creditors 14,981 15,936
Taxation and social security 29,322 12,898
Other creditors 65,618 72,930
126,009 117,268

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans (see note 10) 224,437 240,529
Other creditors 201,647 201,647
426,084 442,176

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 224,437 240,529

10. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 16,088 15,504

Amounts falling due between two and five years:
Mr J S & Mrs KK Khattra Loan 25,490 25,490

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 224,437 240,529