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REGISTERED NUMBER: 14331619 (England and Wales)















Financial Statements for the Year Ended 31st October 2024

for

DHILLONS AND SONS LIMITED

DHILLONS AND SONS LIMITED (Registered number: 14331619)

Contents of the Financial Statements
for the Year Ended 31st October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DHILLONS AND SONS LIMITED

Company Information
for the Year Ended 31st October 2024







DIRECTORS: B S DHILLON
D S DHILLON
S S DHILLON





SECRETARY:





REGISTERED OFFICE: 4 TILNEY ROAD
SOUTHALL
UB2 5LT





REGISTERED NUMBER: 14331619 (England and Wales)





ACCOUNTANT: A K & Co Accountants
732 Walsall Road
Great Barr
Birmingham
West Midlands
B42 1EX

DHILLONS AND SONS LIMITED (Registered number: 14331619)

Balance Sheet
31st October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 61,622 69,322
Property, plant and equipment 5 36,612 15,121
98,234 84,443

CURRENT ASSETS
Inventories 6 30,881 20,778
Debtors 7 7,749 6,233
Cash at bank and in hand 13,835 8,768
52,465 35,779
CREDITORS
Amounts falling due within one year 8 102,292 106,175
NET CURRENT LIABILITIES (49,827 ) (70,396 )
TOTAL ASSETS LESS CURRENT LIABILITIES 48,407 14,047

CAPITAL AND RESERVES
Called up share capital 9 30 3
Retained earnings 10 48,377 14,044
SHAREHOLDERS' FUNDS 48,407 14,047

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

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

DHILLONS AND SONS LIMITED (Registered number: 14331619)

Balance Sheet - continued
31st October 2024


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 Board of Directors and authorised for issue on 5th February 2025 and were signed on its behalf by:





B S DHILLON - Director


DHILLONS AND SONS LIMITED (Registered number: 14331619)

Notes to the Financial Statements
for the Year Ended 31st October 2024


1. STATUTORY INFORMATION

DHILLONS AND SONS 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
Revenue 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.

Fixtures and fittings 15% pa on reducing balance

Motor Vehicle 25% pa on reducing balance

Goodwill 10% pa on flat rates

Stocks
Inventories 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.


DHILLONS AND SONS LIMITED (Registered number: 14331619)

Notes to the Financial Statements - continued
for the Year Ended 31st October 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st November 2023
and 31st October 2024 77,022
AMORTISATION
At 1st November 2023 7,700
Amortisation for year 7,700
At 31st October 2024 15,400
NET BOOK VALUE
At 31st October 2024 61,622
At 31st October 2023 69,322

DHILLONS AND SONS LIMITED (Registered number: 14331619)

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


5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st November 2023 15,584 2,500 18,084
Additions 15,704 8,750 24,454
At 31st October 2024 31,288 11,250 42,538
DEPRECIATION
At 1st November 2023 2,338 625 2,963
Charge for year 2,338 625 2,963
At 31st October 2024 4,676 1,250 5,926
NET BOOK VALUE
At 31st October 2024 26,612 10,000 36,612
At 31st October 2023 13,246 1,875 15,121

6. INVENTORIES
31.10.24 31.10.23
£    £   
Stocks 30,881 20,778

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 3,088 2,145
Rent in advance 3,000 3,000
Prepayment 1,661 1,088
7,749 6,233

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 20,971 5,889
Tax - 2,051
Social security and other taxes 3,327 1,844
Directors' current accounts 76,344 94,941
Accrued expenses 1,650 1,450
102,292 106,175

DHILLONS AND SONS LIMITED (Registered number: 14331619)

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


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
3 ORDINARY SHARE CAPITAL £1 30 3

10. RESERVES
Retained
earnings
£   

At 1st November 2023 14,044
Profit for the year 34,333
At 31st October 2024 48,377