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REGISTERED NUMBER: 05669405 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

GHELANI LIMITED

GHELANI LIMITED (REGISTERED NUMBER: 05669405)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


GHELANI LIMITED (REGISTERED NUMBER: 05669405)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,208 54,983
Investments 5 52,000 52,000
101,208 106,983

CURRENT ASSETS
Stocks 52,250 46,920
Debtors 6 31,749 55,493
Cash at bank and in hand 241,338 246,743
325,337 349,156
CREDITORS
Amounts falling due within one year 7 37,677 57,086
NET CURRENT ASSETS 287,660 292,070
TOTAL ASSETS LESS CURRENT
LIABILITIES

388,868

399,053

CREDITORS
Amounts falling due after more than one year 8 (43,902 ) (54,940 )

PROVISIONS FOR LIABILITIES (9,284 ) (8,431 )
NET ASSETS 335,682 335,682

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 335,582 335,582
335,682 335,682

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

GHELANI LIMITED (REGISTERED NUMBER: 05669405)

BALANCE SHEET - continued
31 MAY 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 25 February 2025 and were signed by:





Hemant K Patel - Director


GHELANI LIMITED (REGISTERED NUMBER: 05669405)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Ghelani Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05669405

Registered office: 9 Churchill Court
58 Station Road
North Harrow
HA2 7SA

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 15% on reducing balance
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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 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 balance sheet date.


GHELANI LIMITED (REGISTERED NUMBER: 05669405)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 124,043 174,175 298,218
Additions - 6,763 6,763
At 31 May 2024 124,043 180,938 304,981
DEPRECIATION
At 1 June 2023 114,833 128,402 243,235
Charge for year 1,382 11,156 12,538
At 31 May 2024 116,215 139,558 255,773
NET BOOK VALUE
At 31 May 2024 7,828 41,380 49,208
At 31 May 2023 9,210 45,773 54,983

GHELANI LIMITED (REGISTERED NUMBER: 05669405)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Brought forward 52,000 52,000

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 12,768 36,512

Amounts falling due after more than one year:
Other debtors 18,981 18,981

Aggregate amounts 31,749 55,493

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 13,434 12,280
Taxation and social security 11,566 16,097
Other creditors 12,677 28,709
37,677 57,086

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 35,152 41,190
Other creditors 8,750 13,750
43,902 54,940

GHELANI LIMITED (REGISTERED NUMBER: 05669405)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Hemant K Patel
Balance outstanding at start of year 27,442 52,966
Amounts advanced 30,632 25,293
Amounts repaid (58,475 ) (50,817 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (401 ) 27,442