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REGISTERED NUMBER: 02687235 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

F. CHAND & CO LIMITED

F. CHAND & CO LIMITED (REGISTERED NUMBER: 02687235)






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




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


F. CHAND & CO LIMITED (REGISTERED NUMBER: 02687235)

Abridged Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 318,369 327,438
318,369 327,438

CURRENT ASSETS
Stocks 82,115 84,000
Debtors 729,619 419,176
Cash at bank and in hand 1,368,774 1,594,405
2,180,508 2,097,581
CREDITORS
Amounts falling due within one year 240,363 357,914
NET CURRENT ASSETS 1,940,145 1,739,667
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,258,514

2,067,105

CREDITORS
Amounts falling due after more than one year 6 (8,166 ) (18,220 )

PROVISIONS FOR LIABILITIES (975 ) -
NET ASSETS 2,249,373 2,048,885

CAPITAL AND RESERVES
Called up share capital 1,002 1,002
Retained earnings 2,248,371 2,047,883
2,249,373 2,048,885

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

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

F. CHAND & CO LIMITED (REGISTERED NUMBER: 02687235)

Abridged Balance Sheet - continued
31 August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 3 April 2025 and were signed on its behalf by:





Faqeer Chand - Director


F. CHAND & CO LIMITED (REGISTERED NUMBER: 02687235)

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

1. STATUTORY INFORMATION

F. Chand & Co 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: 02687235

Registered office: Unit 80 Middlemore Road
Middlemore Industrial Estate
Smethwick
West Midlands
B66 2EP

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 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.

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.


F. CHAND & CO LIMITED (REGISTERED NUMBER: 02687235)

Notes to the Financial Statements - continued
for the Year Ended 31 August 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 37 (2023 - 37 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023
and 31 August 2024 25,000
AMORTISATION
At 1 September 2023
and 31 August 2024 25,000
NET BOOK VALUE

At 31 August 2024 -
At 31 August 2023 -

F. CHAND & CO LIMITED (REGISTERED NUMBER: 02687235)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023 553,672
Additions 1,490
At 31 August 2024 555,162
DEPRECIATION
At 1 September 2023 226,234
Charge for year 10,559
At 31 August 2024 236,793
NET BOOK VALUE
At 31 August 2024 318,369
At 31 August 2023 327,438

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bounce Back loan 8,166 18,220

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
Faqeer Chand and Surinder Pal Kaur
Balance outstanding at start of year (35,431 ) -
Amounts advanced 33,752 -
Amounts repaid (2,470 ) (35,431 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,149 ) (35,431 )

Roshan Kumar Jackhu and Rajan Kumar Jackhu
Balance outstanding at start of year (35,430 ) -
Amounts advanced 33,752 -
Amounts repaid (2,470 ) (35,430 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,148 ) (35,430 )

F. CHAND & CO LIMITED (REGISTERED NUMBER: 02687235)

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

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Dividends issued during the year NIL (£77,000 in 2023)

8. RELATED PARTY DISCLOSURES

Current Assets of £270,000 (Nil in 2023) is due from FCJ Properties Ltd,
£175 (Nil in 2023) is due from RIG London Limited.
which are related parties and there are no terms attached to above amount.