Registered number
02403766
Aarti Sarees Limited
Filleted Accounts
31 December 2024
Aarti Sarees Limited
Registered number: 02403766
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 7,287 7,894
Current assets
Stocks 83,826 118,793
Debtors 4 310,000 19,194
Cash at bank and in hand 58,879 213,790
452,705 351,777
Creditors: amounts falling due within one year 5 (127,322) (49,476)
Net current assets 325,383 302,301
Net assets 332,670 310,195
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 331,670 309,195
Shareholders' funds 332,670 310,195
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr Dhirendra Nemchand Shah
Director
Approved by the board on 10 June 2025
Aarti Sarees Limited
Notes to the Accounts
for the year ended 31 December 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 . Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance
Shop Extension 20% straight line
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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 6
3 Tangible fixed assets
Shop Extension Plant and machinery etc Total
£ £ £
Cost
At 1 January 2024 12,670 45,234 57,904
At 31 December 2024 12,670 45,234 57,904
Depreciation
At 1 January 2024 6,712 43,298 50,010
Charge for the year 317 290 607
At 31 December 2024 7,029 43,588 50,617
Net book value
At 31 December 2024 5,641 1,646 7,287
At 31 December 2023 5,958 1,936 7,894
4 Debtors 2024 2023
£ £
Other debtors 310,000 19,194
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 32,155 -
Director's account 77,824 33,089
Taxation and social security costs 14,693 13,736
Other creditors 2,650 2,651
127,322 49,476
6 Related party transactions
Other debtor includes the amount of £310,000 due from Aarti Properties Ltd, a company by virtue of common directorship and in which the directors holds a material interest.
7 Other information
Aarti Sarees Limited is a private company limited by shares and incorporated in England. Its registered office is:
22 South Road
Southall
Middlesex
UB1 1RT
Aarti Sarees Limited 02403766 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts April 2025 Mr Dhirendra Nemchand Shah No description of principal activity 02403766 2023-01-01 2023-12-31 02403766 core:WithinOneYear 2023-12-31 02403766 core:ShareCapital 2023-12-31 02403766 core:RetainedEarningsAccumulatedLosses 2023-12-31 02403766 2024-01-01 2024-12-31 02403766 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02403766 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 02403766 bus:Director40 2024-01-01 2024-12-31 02403766 1 2024-01-01 2024-12-31 02403766 2 2024-01-01 2024-12-31 02403766 core:LandBuildings 2024-01-01 2024-12-31 02403766 core:PlantMachinery 2024-01-01 2024-12-31 02403766 countries:England 2024-01-01 2024-12-31 02403766 bus:FRS102 2024-01-01 2024-12-31 02403766 bus:FilletedAccounts 2024-01-01 2024-12-31 02403766 2024-12-31 02403766 core:WithinOneYear 2024-12-31 02403766 core:ShareCapital 2024-12-31 02403766 core:RetainedEarningsAccumulatedLosses 2024-12-31 02403766 core:LandBuildings 2024-12-31 02403766 core:PlantMachinery 2024-12-31 02403766 2023-12-31 02403766 core:LandBuildings 2023-12-31 02403766 core:PlantMachinery 2023-12-31 iso4217:GBP xbrli:pure