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38865 LIMITED

Registered Number
11612613
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

38865 LIMITED
Company Information
for the year from 1 October 2023 to 30 September 2024

Director

G S Sandhar

Registered Address

2nd Floor Grove House
55 Lowlands Road
Harrow
HA1 3AW

Registered Number

11612613 (England and Wales)
38865 LIMITED
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3125,417142,917
Tangible assets455,01569,290
180,432212,207
Current assets
Stocks6,2405,386
Debtors5197,437178,600
Cash at bank and on hand7,4763,186
211,153187,172
Creditors amounts falling due within one year6(223,639)(262,707)
Net current assets (liabilities)(12,486)(75,535)
Total assets less current liabilities167,946136,672
Creditors amounts falling due after one year7(4,065)(14,545)
Net assets163,881122,127
Capital and reserves
Called up share capital100100
Profit and loss account163,781122,027
Shareholders' funds163,881122,127
The financial statements were approved and authorised for issue by the Director on 25 June 2025, and are signed on its behalf by:
G S Sandhar
Director
Registered Company No. 11612613
38865 LIMITED
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
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 policy
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.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
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 and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Land and buildings25
Plant and machinery20
Fixtures and fittings20
Office Equipment20
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year00
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 October 23175,000175,000
At 30 September 24175,000175,000
Amortisation and impairment
At 01 October 2332,08332,083
Charge for year17,50017,500
At 30 September 2449,58349,583
Net book value
At 30 September 24125,417125,417
At 30 September 23142,917142,917
4.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

££££££
Cost or valuation
At 01 October 236,62525,0712,01648,99594683,653
Additions---1,120-1,120
Disposals--(2,016)--(2,016)
At 30 September 246,62525,071-50,11594682,757
Depreciation and impairment
At 01 October 23-8,3576725,01931514,363
Charge for year1,6563,343-8,92612614,051
On disposals--(672)--(672)
At 30 September 241,65611,700-13,94544127,742
Net book value
At 30 September 244,96913,371-36,17050555,015
At 30 September 236,62516,7141,34443,97663169,290
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables3,7893,839
Other debtors188,545171,760
Prepayments and accrued income5,1033,001
Total197,437178,600
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables31,5843,600
Taxation and social security76,93145,362
Finance lease and HP contracts10,44610,446
Other creditors24,67813,300
Accrued liabilities and deferred income80,000189,999
Total223,639262,707
7.Creditors: amounts due after one year

2024

2023

££
Other creditors4,06514,545
Total4,06514,545
8.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts4,06514,545
9.Related party transactions
Included in other debtors is S&G Management Services Ltd £172,045 (2023: £171,060). Included in other creditors is 63587 Ltd £4,800 (2023: £7,300), 40809 Ltd £3,500 (2023: £6,000), 52762 Ltd £13,000 (2023: Nil), 58308 Ltd £3,300 (2023: £700 debit), the director's current account balance of £78 (2023: Nil).