Registered number
11407399
BINOY INDIAN LTD
Filleted Accounts
30 June 2024
BINOY INDIAN LTD
Registered number: 11407399
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 48,492 48,492
Current assets
Stocks 5,100 4,900
Debtors 4 - 3,002
Cash at bank and in hand 100 100
5,200 8,002
Creditors: amounts falling due within one year 5 (20,572) (25,752)
Net current liabilities (15,372) (17,750)
Total assets less current liabilities 33,120 30,742
Creditors: amounts falling due after more than one year 6 (41,241) (31,770)
Net liabilities (8,121) (1,028)
Capital and reserves
Called up share capital 1 1
Profit and loss account (8,122) (1,029)
Shareholder's funds (8,121) (1,028)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Firoz Kamaly
Director
Approved by the board on 13 April 2025
BINOY INDIAN LTD
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 5
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 July 2023 48,492
At 30 June 2024 48,492
Depreciation
At 30 June 2024 -
Net book value
At 30 June 2024 48,492
At 30 June 2023 48,492
4 Debtors 2024 2023
£ £
Other debtors - 3,002
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,024 9,695
Trade creditors 5,143 3,288
Taxation and social security costs 8,572 9,761
Other creditors 3,833 3,008
20,572 25,752
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 29,728 31,770
Other creditors 11,513 -
41,241 31,770
7 Other information
BINOY INDIAN LTD is a private company limited by shares and incorporated in England. Its registered office is:
81 Dedworth Road
Windsor
Berkshire
SL4 5BB
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