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COMPANY REGISTRATION NUMBER: 06642353
PIND PUNJABI LTD
Filleted Unaudited Financial Statements
31 July 2024
PIND PUNJABI LTD
Statement of Financial Position
31 July 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
1,032,847
1,033,231
Current assets
Stocks
2,510
2,275
Cash at bank and in hand
72,309
65,254
--------
--------
74,819
67,529
Creditors: amounts falling due within one year
6
204,485
222,078
---------
---------
Net current liabilities
129,666
154,549
------------
------------
Total assets less current liabilities
903,181
878,682
Creditors: amounts falling due after more than one year
7
193,917
250,447
---------
---------
Net assets
709,264
628,235
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
709,164
628,135
---------
---------
Shareholders funds
709,264
628,235
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
PIND PUNJABI LTD
Statement of Financial Position (continued)
31 July 2024
These financial statements were approved by the board of directors and authorised for issue on 28 April 2025 , and are signed on behalf of the board by:
MR A DHUNNA
Director
Company registration number: 06642353
PIND PUNJABI LTD
Notes to the Financial Statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 42 BROOKSIDE ROAD, HAYES, UB4 0PJ, UK.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Tangible assets
All assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & fittings
-
20% reducing balance
Motor vehicles
-
20% reducing balance
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 12 (2023: 15 ).
5. Tangible assets
Land and buildings
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 August 2023
1,022,031
41,326
2,000
1,065,357
Additions
1,524
1,524
------------
--------
-------
------------
At 31 July 2024
1,022,031
42,850
2,000
1,066,881
------------
--------
-------
------------
Depreciation
At 1 August 2023
30,263
1,863
32,126
Charge for the year
1,888
20
1,908
------------
--------
-------
------------
At 31 July 2024
32,151
1,883
34,034
------------
--------
-------
------------
Carrying amount
At 31 July 2024
1,022,031
10,699
117
1,032,847
------------
--------
-------
------------
At 31 July 2023
1,022,031
11,063
137
1,033,231
------------
--------
-------
------------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
57,330
67,670
Corporation tax
33,962
35,928
Social security and other taxes
11,398
17,417
Other creditors
101,795
101,063
---------
---------
204,485
222,078
---------
---------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
168,712
215,701
Bounce back loan
25,205
34,746
---------
---------
193,917
250,447
---------
---------
8. Director's advances, credits and guarantees
Directors loan account relates to directors current account.
9. Related party transactions
The company was under the control of Mr A S DHUNNA throughout the current and previous year. Mr A S DHUNNA is the managing director holding 60% shares in the company.