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REGISTERED NUMBER: 02567072 (England and Wales)















Aggarwal & Co Limited

Unaudited Financial Statements for the Year Ended 31 March 2025






Aggarwal & Co Limited (Registered number: 02567072)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Aggarwal & Co Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: A Aggarwal
R S Kalsi





REGISTERED OFFICE: 5 London Road
Rainham
Gillingham
Kent
ME8 7RG





REGISTERED NUMBER: 02567072 (England and Wales)

Aggarwal & Co Limited (Registered number: 02567072)

Statement of Financial Position
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 81,229
Tangible assets 5 470,629 520,236
Investments 6 4 3
Investment property 7 14,410,001 14,930,000
14,880,634 15,531,468

CURRENT ASSETS
Debtors 8 3,236,734 3,705,565
Cash at bank 1,219,597 819,559
4,456,331 4,525,124
CREDITORS
Amounts falling due within one year 9 954,867 1,098,365
NET CURRENT ASSETS 3,501,464 3,426,759
TOTAL ASSETS LESS CURRENT LIABILITIES 18,382,098 18,958,227

CREDITORS
Amounts falling due after more than one
year

10

(4,006,984

)

(4,580,803

)

PROVISIONS FOR LIABILITIES (1,256,821 ) (1,285,969 )
NET ASSETS 13,118,293 13,091,455

CAPITAL AND RESERVES
Called up share capital 5,001 5,001
Fair value reserve 6,846,525 7,038,353
Retained earnings 6,266,767 6,048,101
SHAREHOLDERS' FUNDS 13,118,293 13,091,455

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Aggarwal & Co Limited (Registered number: 02567072)

Statement of Financial Position - continued
31 March 2025


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 29 July 2025 and were signed on its behalf by:





A Aggarwal - Director


Aggarwal & Co Limited (Registered number: 02567072)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Aggarwal & Co 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 as modified by the revaluation of certain assets.

Income recognition
Turnover represents the net invoiced value of accountancy services and rents receivable from properties, excluding value added tax, except in respect of accountancy services where turnover is recognised when the company obtains the right to consideration.

Intangible assets
Goodwill, being the amount paid in connection with the acquisition of accountancy businesses, is being amortised from the acquisition date evenly over its estimated useful life of ten years .

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 2% and 4% on cost
Plant and machinery etc - 25% on cost and 25% on reducing balance

Investment property
Investment property is included at fair value. Gains are recognised in the income statement and shown in a fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. Basic financial instruments are recognised at amortised 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 statement of financial position date.


Aggarwal & Co Limited (Registered number: 02567072)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 36 (2024 - 32 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024 588,154
Disposals (588,154 )
At 31 March 2025 -
AMORTISATION
At 1 April 2024 506,925
Charge for year 13,250
Eliminated on disposal (520,175 )
At 31 March 2025 -
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 81,229

Aggarwal & Co Limited (Registered number: 02567072)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. PROPERTY, PLANT & EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2024 800,900 179,780 980,680
Disposals - (155,861 ) (155,861 )
At 31 March 2025 800,900 23,919 824,819
DEPRECIATION
At 1 April 2024 304,294 156,150 460,444
Charge for year 25,979 5,907 31,886
Eliminated on disposal - (138,140 ) (138,140 )
At 31 March 2025 330,273 23,917 354,190
NET BOOK VALUE
At 31 March 2025 470,627 2 470,629
At 31 March 2024 496,606 23,630 520,236

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 April 2024 - 3 3
Additions 2 - 2
Disposals - (1 ) (1 )
At 31 March 2025 2 2 4
NET BOOK VALUE
At 31 March 2025 2 2 4
At 31 March 2024 - 3 3

Aggarwal & Co Limited (Registered number: 02567072)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 14,930,000
Additions 3,641
Disposals (457,386 )
Revaluations (66,254 )
At 31 March 2025 14,410,001
NET BOOK VALUE
At 31 March 2025 14,410,001
At 31 March 2024 14,930,000

The investment property was valued on a fair value basis by the directors at the balance sheet date.

8. DEBTORS
2025 2024
£    £   
Amounts falling due within one year:
Trade debtors - 396,387
Amounts owed by group undertakings 504,418 -
Amounts recoverable on contracts - 120,591
Other debtors - 500
504,418 517,478

Amounts falling due after more than one year:
Other debtors 2,732,316 3,188,087

Aggregate amounts 3,236,734 3,705,565

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 256,118 317,480
Other creditors 698,749 780,885
954,867 1,098,365

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 4,006,984 4,580,803

Aggarwal & Co Limited (Registered number: 02567072)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

11. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 4,006,984 4,580,803

The bank loans are secured by means of fixed and floating charges on the respective property of the company.