Registered number
09411781
NIHAL ENTERPRISE SERVICES LIMITED
Filleted Accounts
31 January 2024
NIHAL ENTERPRISE SERVICES LIMITED
Registered number: 09411781
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 5,000 5,625
Current assets
Stocks 135,562 5,660
Debtors 4 112,377 55,884
Cash at bank and in hand 239,273 335,624
487,212 397,168
Creditors: amounts falling due within one year 5 (119,570) (269,432)
Net current assets 367,642 127,736
Total assets less current liabilities 372,642 133,361
Creditors: amounts falling due after more than one year 6 (224,812) -
Net assets 147,830 133,361
Capital and reserves
Called up share capital 50,000 50,000
Profit and loss account 97,830 83,361
Shareholders' funds 147,830 133,361
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.
Mr Navidanjum Harunbhai RATHOD Mr Jarnail Singh
Director Director
Approved by the board on 13 January 2025 Approved by the board on 13 January 2025
NIHAL ENTERPRISE SERVICES LIMITED
Notes to the Accounts
for the year ended 31 January 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:
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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 2 1
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 February 2023 6,250
At 31 January 2024 6,250
Depreciation
At 1 February 2023 625
Charge for the year 625
At 31 January 2024 1,250
Net book value
At 31 January 2024 5,000
At 31 January 2023 5,625
4 Debtors 2024 2023
£ £
Trade debtors 35,432 53,939
Mobile KIt Ltd 75,000 -
Other debtors 1,945 1,945
112,377 55,884
5 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals 180 180
Directors Current Account 83,320 81,955
Trade creditors 71 154,176
Taxation and social security costs 31,854 30,338
Other creditors 4,145 2,783
119,570 269,432
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 812 -
Mobile Kit 179,000 -
Mr Jarnail Sigh -Director 45,000 -
224,812 -
7 Related party transactions
The directors Mr Navidanjum Rathod's loan to the company at the year end was £83,320 ( £81,955 in 2024), No, intrest due on this loan and repayable on demand. During the year company paid dividends of £ 32,000 (£32,000 in 2023) its director for his shareholding in the company. Similarly, the company paid dividends of £32,000 (£32,000 in 2023) to directors spouse for her shareholdings in the company. The New Director Mr Jarnail Singh's Loan to the company at the year was £45,000 . No, interest is due on this loan.
8 Controlling party
The company is under the common control of its directors by virtue of their shareholding in the issued share capital of the company.
9 Other information
NIHAL ENTERPRISE SERVICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Unit-3 Grand Union Way
Southall
Middlesex
UB2 4EX
NIHAL ENTERPRISE SERVICES LIMITED 09411781 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts April 2024 Mr Navidanjum Harunbhai RATHOD No description of principal activity 09411781 2022-02-01 2023-01-31 09411781 core:WithinOneYear 2023-01-31 09411781 core:AfterOneYear 2023-01-31 09411781 core:ShareCapital 2023-01-31 09411781 core:RetainedEarningsAccumulatedLosses 2023-01-31 09411781 2023-02-01 2024-01-31 09411781 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09411781 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 09411781 bus:Director40 2023-02-01 2024-01-31 09411781 1 2023-02-01 2024-01-31 09411781 2 2023-02-01 2024-01-31 09411781 core:Vehicles 2023-02-01 2024-01-31 09411781 countries:England 2023-02-01 2024-01-31 09411781 bus:FRS102 2023-02-01 2024-01-31 09411781 bus:FilletedAccounts 2023-02-01 2024-01-31 09411781 2024-01-31 09411781 core:WithinOneYear 2024-01-31 09411781 core:AfterOneYear 2024-01-31 09411781 core:ShareCapital 2024-01-31 09411781 core:RetainedEarningsAccumulatedLosses 2024-01-31 09411781 core:Vehicles 2024-01-31 09411781 2023-01-31 09411781 core:Vehicles 2023-01-31 iso4217:GBP xbrli:pure