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REGISTERED NUMBER: 07716769 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

Atwal Solutions Ltd

Atwal Solutions Ltd (Registered number: 07716769)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 7

Atwal Solutions Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mr Harnek Singh Atwal





REGISTERED OFFICE: 143 Eastfield Road
Peterborough
Cambridgeshire
PE1 4AU





REGISTERED NUMBER: 07716769 (England and Wales)





ACCOUNTANTS: Accountancy Solutions
143 Eastfield Road
Peterborough
Cambridgeshire
PE1 4AU

Atwal Solutions Ltd (Registered number: 07716769)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 14,804 18,506

CURRENT ASSETS
Inventories 5 43,680 41,950
Debtors 6 6 -
Cash at bank and in hand 11,263 8,490
54,949 50,440
CREDITORS
Amounts falling due within one year 7 23,672 10,555
NET CURRENT ASSETS 31,277 39,885
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,081

58,391

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 45,981 58,291
SHAREHOLDERS' FUNDS 46,081 58,391

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Atwal Solutions Ltd (Registered number: 07716769)

Statement of Financial Position - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 November 2024 and were signed by:





Mr Harnek Singh Atwal - Director


Atwal Solutions Ltd (Registered number: 07716769)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 8 ) .

Atwal Solutions Ltd (Registered number: 07716769)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023
and 31 July 2024 2,911 3,481 57,312 10,986 74,690
DEPRECIATION
At 1 August 2023 2,444 2,101 45,281 6,358 56,184
Charge for year 93 276 2,407 926 3,702
At 31 July 2024 2,537 2,377 47,688 7,284 59,886
NET BOOK VALUE
At 31 July 2024 374 1,104 9,624 3,702 14,804
At 31 July 2023 467 1,380 12,031 4,628 18,506

5. INVENTORIES
31.7.24 31.7.23
£    £   
Stocks 43,680 41,950

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Social Security and other tax 6 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade Creditors - 298
Corporation Tax - 2,958
Value Added Tax 3,643 4,346
Other creditors 1,450 2
Director's current account 18,579 2,951
23,672 10,555

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100

Atwal Solutions Ltd (Registered number: 07716769)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

9. RESERVES
Retained
earnings
£   

At 1 August 2023 58,291
Deficit for the year (4,810 )
Dividends (7,500 )
At 31 July 2024 45,981

Atwal Solutions Ltd

Report of the Accountants to the Director of
Atwal Solutions Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 July 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Accountancy Solutions
143 Eastfield Road
Peterborough
Cambridgeshire
PE1 4AU


Date: .............................................