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REGISTERED NUMBER: 05516622 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Tej Chauhan Limited

Tej Chauhan Limited (Registered number: 05516622)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Tej Chauhan Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: T Chauhan





SECRETARY: Mrs L Puolakka - Chauhan





REGISTERED OFFICE: 21 Hillersdon Avenue
Edgware
Middlesex
HA8 7SG





REGISTERED NUMBER: 05516622 (England and Wales)






Tej Chauhan Limited (Registered number: 05516622)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,215 1,580

CURRENT ASSETS
Debtors 5 33,022 47,263
Cash at bank 19,330 32,236
52,352 79,499
CREDITORS
Amounts falling due within one year 6 41,176 57,455
NET CURRENT ASSETS 11,176 22,044
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,391

23,624

CREDITORS
Amounts falling due after more than one
year

7

(11,595

)

(22,066

)

PROVISIONS FOR LIABILITIES 9 (239 ) (300 )
NET ASSETS 557 1,258

CAPITAL AND RESERVES
Called up share capital 10 3 3
Retained earnings 554 1,255
SHAREHOLDERS' FUNDS 557 1,258

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 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.

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 28 May 2025 and were signed by:





T Chauhan - Director


Tej Chauhan Limited (Registered number: 05516622)

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

1. STATUTORY INFORMATION

Tej Chauhan 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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 3 (2023 - 3 ) .

Tej Chauhan Limited (Registered number: 05516622)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023 29,212 38,517 67,729
Additions 520 - 520
At 31 August 2024 29,732 38,517 68,249
DEPRECIATION
At 1 September 2023 28,812 37,337 66,149
Charge for year 355 530 885
At 31 August 2024 29,167 37,867 67,034
NET BOOK VALUE
At 31 August 2024 565 650 1,215
At 31 August 2023 400 1,180 1,580

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 8,700 12,500
Other debtors 24,322 34,763
33,022 47,263

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 15,262 34,028
Trade creditors 1,188 4,280
Taxation and social security 20,893 15,837
Other creditors 3,833 3,310
41,176 57,455

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 11,595 22,066

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank overdrafts 5,262 24,528

The sole director has given a personal guarantee as security for the overdraft facility provided by the company's bankers.

9. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax 239 300

Tej Chauhan Limited (Registered number: 05516622)

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

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 September 2023 300
Credit to Income Statement during year (61 )
Balance at 31 August 2024 239

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
1 Ordinary £1 1 1
1 Ordinary Class "B" £1 1 1
1 Ordinary Class "C" £1 1 1
3 3

The Ordinary Class "B" and "C" shares do not carry any voting rights or rights to capital, but carry the right to the payment of dividends only.

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.8.24 31.8.23
£    £   
T Chauhan
Balance outstanding at start of year 27,662 -
Amounts advanced - 27,662
Amounts repaid (10,015 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,647 27,662

Included in other debtors is an amount of £17,647 (2023 - £27,662) being the balance of a loan made by the company to the sole director in the previous financial year.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T Chauhan.