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REGISTERED NUMBER: 12843287 (England and Wales)


Financial Statements for the Year Ended 31 July 2024

for

Guru Kirpa ( Midland ) Ltd

Guru Kirpa ( Midland ) Ltd (Registered number: 12843287)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Guru Kirpa ( Midland ) Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mr Indarpal Singh Talwar





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD





REGISTERED NUMBER: 12843287 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Guru Kirpa ( Midland ) Ltd (Registered number: 12843287)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 64,207 53,212
Property, plant and equipment 5 20,529 6,525
84,736 59,737

CURRENT ASSETS
Inventories 53,564 35,654
Debtors 6 10,456 6,804
Cash at bank and in hand 5,397 3,762
69,417 46,220
CREDITORS
Amounts falling due within one year 7 146,865 100,830
NET CURRENT LIABILITIES (77,448 ) (54,610 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,288

5,127

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 7,188 5,027
SHAREHOLDERS' FUNDS 7,288 5,127

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

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

Guru Kirpa ( Midland ) Ltd (Registered number: 12843287)

Statement of Financial Position - continued
31 July 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 4 April 2025 and were signed by:





Mr Indarpal Singh Talwar - Director


Guru Kirpa ( Midland ) Ltd (Registered number: 12843287)

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

1. STATUTORY INFORMATION

Guru Kirpa ( Midland ) 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 represents net sales of invoiced goods and services excluding Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.
Plant and machinery etc - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023 53,212
Additions 10,995
At 31 July 2024 64,207
NET BOOK VALUE
At 31 July 2024 64,207
At 31 July 2023 53,212

Guru Kirpa ( Midland ) Ltd (Registered number: 12843287)

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

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 - 11,959 11,959
Additions 5 20,840 20,845
At 31 July 2024 5 32,799 32,804
DEPRECIATION
At 1 August 2023 - 5,434 5,434
Charge for year - 6,841 6,841
At 31 July 2024 - 12,275 12,275
NET BOOK VALUE
At 31 July 2024 5 20,524 20,529
At 31 July 2023 - 6,525 6,525

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 10,197 6,301
Other debtors 259 503
10,456 6,804

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 32,760 31,804
Taxation and social security 15,937 10,077
Other creditors 98,168 58,949
146,865 100,830

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100