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REGISTERED NUMBER: 09625108 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Balvinder Gill Limited

Balvinder Gill Limited (Registered number: 09625108)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Balvinder Gill Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Ms B Gill





REGISTERED OFFICE: Lower Ground Floor
Elm Yard
13-16 Elm Street
Clerkenwell
London
WC1X 0BL





REGISTERED NUMBER: 09625108 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
Pinnacle House
1 Pinnacle Way
Derby
Derbyshire
DE24 8ZS

Balvinder Gill Limited (Registered number: 09625108)

Balance Sheet
31 July 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 1,178,283 1,243,170
Cash at bank 2,640 2,652
1,180,923 1,245,822
CREDITORS
Amounts falling due within one year 5 93,380 78,526
NET CURRENT ASSETS 1,087,543 1,167,296
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,087,543

1,167,296

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 1,087,542 1,167,295
SHAREHOLDERS' FUNDS 1,087,543 1,167,296

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 her 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 May 2025 and were signed by:





Ms B Gill - Director


Balvinder Gill Limited (Registered number: 09625108)

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

1. STATUTORY INFORMATION

Balvinder Gill Limited 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 the company's share of the profits of the partnership Imran Khan and Partners.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Due from Imran Khan and Partners 883,677 870,150
Directors' current accounts 293,171 372,069
Prepayments 1,435 951
1,178,283 1,243,170

Other than as stated under directors' current accounts above, none of the above amounts related to amounts due from the director or shareholder of the company either directly or indirectly.

Balvinder Gill Limited (Registered number: 09625108)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 92,444 77,638
Accruals and deferred income 936 888
93,380 78,526

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 1,905 5,716
Between one and five years - 1,905
1,905 7,621

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
Ms B Gill
Balance outstanding at start of year 372,069 307,069
Amounts advanced 295,236 374,483
Amounts repaid (374,134 ) (309,483 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 293,171 372,069

The outstanding advances were repaid within nine months of the year end. Interest was charged on the advances at a rate of 2.25% per annum.