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REGISTERED NUMBER: 11307853 (England and Wales)















Financial Statements for the Year Ended 31 October 2024

for

Kiran Chauhan & Co Ltd

Kiran Chauhan & Co Ltd (Registered number: 11307853)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kiran Chauhan & Co Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: K Chauhan





REGISTERED OFFICE: 8 Leopold Road
Norwich
NR4 7AD





REGISTERED NUMBER: 11307853 (England and Wales)





ACCOUNTANTS: Atkinsons
Chartered Accountants
Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA

Kiran Chauhan & Co Ltd (Registered number: 11307853)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 91,880 121,089

CURRENT ASSETS
Debtors 5 9,838 13,300
Cash at bank 21,061 4,846
30,899 18,146
CREDITORS
Amounts falling due within one year 6 22,773 16,395
NET CURRENT ASSETS 8,126 1,751
TOTAL ASSETS LESS CURRENT
LIABILITIES

100,006

122,840

CREDITORS
Amounts falling due after more than one
year

7

(3,783

)

(7,741

)

PROVISIONS FOR LIABILITIES (18,376 ) (23,007 )
NET ASSETS 77,847 92,092

CAPITAL AND RESERVES
Called up share capital 220 220
Retained earnings 77,627 91,872
SHAREHOLDERS' FUNDS 77,847 92,092

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

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

Kiran Chauhan & Co Ltd (Registered number: 11307853)

Balance Sheet - continued
31 October 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 28 February 2025 and were signed by:





K Chauhan - Director


Kiran Chauhan & Co Ltd (Registered number: 11307853)

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

1. STATUTORY INFORMATION

Kiran Chauhan & Co 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
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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 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 balance sheet date.

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.

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.

Kiran Chauhan & Co Ltd (Registered number: 11307853)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 - 1,847 123,324 3,742 128,913
Additions 678 - - 841 1,519
At 31 October 2024 678 1,847 123,324 4,583 130,432
DEPRECIATION
At 1 November 2023 - 643 5,139 2,042 7,824
Charge for year 377 301 29,546 504 30,728
At 31 October 2024 377 944 34,685 2,546 38,552
NET BOOK VALUE
At 31 October 2024 301 903 88,639 2,037 91,880
At 31 October 2023 - 1,204 118,185 1,700 121,089

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 9,838 -
Other debtors - 13,300
9,838 13,300

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 4,200 4,284
Taxation and social security 17,491 1,616
Other creditors 1,082 10,495
22,773 16,395

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans 3,783 7,741

Kiran Chauhan & Co Ltd (Registered number: 11307853)

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

8. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under FRS 102 1AC.35 whereby particulars need not be given for related party transactions concluded under normal market conditions, or transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transactions is wholly-owned by such a member.