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REGISTERED NUMBER: 03703730 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Johal & Company UK Limited

Johal & Company UK Limited (Registered number: 03703730)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Johal & Company UK Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: J S Sagoo
G S Sagoo





REGISTERED OFFICE: Spectrum House
2B Suttons Lane
Hornchurch
Essex
RM12 6RJ





REGISTERED NUMBER: 03703730 (England and Wales)





ACCOUNTANTS: Johal & Company
Chartered Certified Accountants
& Registered Auditors
Spectrum House
2B Suttons Lane
Hornchurch
Essex
RM12 6RJ

Johal & Company UK Limited (Registered number: 03703730)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 43,362 30,600
Tangible assets 5 34,029 47,015
77,391 77,615

CURRENT ASSETS
Debtors 6 1,171,374 939,423
Cash at bank 462,427 313,339
1,633,801 1,252,762
CREDITORS
Amounts falling due within one year 7 301,996 227,038
NET CURRENT ASSETS 1,331,805 1,025,724
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,409,196

1,103,339

CREDITORS
Amounts falling due after more than one
year

8

82,670

102,052
NET ASSETS 1,326,526 1,001,287

CAPITAL AND RESERVES
Called up share capital 47 47
Capital redemption reserve 25 25
Retained earnings 1,326,454 1,001,215
SHAREHOLDERS' FUNDS 1,326,526 1,001,287

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

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

Johal & Company UK Limited (Registered number: 03703730)

Statement of Financial Position - continued
30 April 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 Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by:




J S Sagoo - Director



G S Sagoo - Director


Johal & Company UK Limited (Registered number: 03703730)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Johal & Company UK 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.

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 2020, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred 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 or deferred taxation assets and liabilities are not discounted.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

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.

Johal & Company UK Limited (Registered number: 03703730)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023 36,000
Additions 15,000
At 30 April 2024 51,000
AMORTISATION
At 1 May 2023 5,400
Amortisation for year 2,238
At 30 April 2024 7,638
NET BOOK VALUE
At 30 April 2024 43,362
At 30 April 2023 30,600

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 125,987 83,224 209,211
DEPRECIATION
At 1 May 2023 95,842 66,354 162,196
Charge for year 7,536 5,450 12,986
At 30 April 2024 103,378 71,804 175,182
NET BOOK VALUE
At 30 April 2024 22,609 11,420 34,029
At 30 April 2023 30,145 16,870 47,015

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 261,374 329,423
Other debtors 910,000 610,000
1,171,374 939,423

Johal & Company UK Limited (Registered number: 03703730)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 36,000 -
Taxation and social security 236,133 223,130
Other creditors 29,863 3,908
301,996 227,038

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 82,670 102,052