Registered number
11553575
ATWALS & DHESI LTD
Filleted Accounts
30 September 2024
ATWALS & DHESI LTD
Registered number: 11553575
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 96 96
Tangible assets 4 525,575 525,769
Investments 5 423,359 423,359
949,030 949,224
Current assets
Cash at bank and in hand 6,548 4,095
Creditors: amounts falling due within one year 6 (315,053) (300,509)
Net current liabilities (308,505) (296,414)
Total assets less current liabilities 640,525 652,810
Creditors: amounts falling due after more than one year 7 (575,379) (600,225)
Net assets 65,146 52,585
Capital and reserves
Called up share capital 100 100
Profit and loss account 65,046 52,485
Shareholders' funds 65,146 52,585
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.
Ranjit Singh
Director
Approved by the board on 13 June 2025
ATWALS & DHESI LTD
Notes to the Accounts
for the year ended 30 September 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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 96
At 30 September 2024 96
Amortisation
At 30 September 2024 -
Net book value
At 30 September 2024 96
At 30 September 2023 96
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 October 2023 524,435 2,397 526,832
At 30 September 2024 524,435 2,397 526,832
Depreciation
At 1 October 2023 - 1,063 1,063
Charge for the year - 194 194
At 30 September 2024 - 1,257 1,257
Net book value
At 30 September 2024 524,435 1,140 525,575
At 30 September 2023 524,435 1,334 525,769
5 Investments
Other
investments
£
Cost
At 1 October 2023 423,359
At 30 September 2024 423,359
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 37,501 22,343
Taxation and social security costs 7,393 10,007
Other creditors 270,159 268,159
315,053 300,509
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 505,379 530,225
Other creditors 70,000 70,000
575,379 600,225
8 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 567,020 567,020
[Give an indication of the nature and form of the security for the bank loans]
9 Controlling party
The directors' have overall control of the company by virtue of majority shareholding.
10 Other information
ATWALS & DHESI LTD is a private company limited by shares and incorporated in England. Its registered office is:
18 Millison Grove
Shirley
Solihull
England
B90 4UN
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