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Prahlad Bubbar Limited
Registered Number:06060100
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
Prahlad Bubbar Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
06060100
As at 31 March 2024
Prahlad Bubbar Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
2,960
3,947
2
2,960
3,947
Current assets
Inventories
815,862
777,740
3
Trade and other receivables
45,827
23,600
4
112,802
Cash and cash equivalents
31,615
832,955
974,491
Trade and other payables: amounts falling due within one
year
(458,252)
(407,189)
5
516,239
425,766
Net current assets
Total assets less current liabilities
428,726
520,186
Trade and other payables: amounts falling due after more
than one year
(70,000)
(40,000)
6
388,726
Net assets
450,186
Capital and reserves
Called up share capital
2
2
Retained earnings
388,724
450,184
388,726
450,186
Shareholders' funds
For the year ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Prahlad Bubbar Director
These financial statements were approved and authorised for issue by the Board on 07 March 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2024
Prahlad Bubbar Limited
Notes to the Financial Statements
Statutory Information
Prahlad Bubbar Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 06060100.
Registered address:
Flat 10 Marlborough Mansions
Cannon Hill
London
NW6 1JP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25 Reducing balance
Computer equipment
25 Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or
valuation
At 01 April 2023
12,650
9,492
3,158
At 31 March 2024
3,158
9,492
12,650
Provision for depreciation and impairment
At 01 April 2023
8,703
6,295
2,408
Charge for year
987
799
188
At 31 March 2024
9,690
7,094
2,596
At 31 March 2024
Net book value
562
2,398
2,960
At 31 March 2023
750
3,197
3,947
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5
For the year ended 31 March 2024
Prahlad Bubbar Limited
Notes to the Financial Statements Continued
3. Inventories
2023
2024
£
£
Stocks
777,740
815,862
4. Trade and other receivables
2023
2024
£
£
Other debtors
23,600
45,827
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
30,000
31,868
Taxation and social security
51,515
59,894
Directors' loan accounts
176,160
241,300
Other creditors
149,514
125,190
407,189
458,252
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
40,000
70,000
7. Average number of persons employed
During the year the average number of employees was 3 (2023 : 4)
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