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Registration number: 07884366

Davinder Toor Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

Davinder Toor Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Davinder Toor Limited

Company Information

Director

Mr Davinder Pal Singh Toor

Company secretary

Mrs Charanjit Kaur Taneja

Registered office

Fawley House 2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

Accountants

Sterling Grove Accountants Limited
Chartered Certified AccountantsFawley House
2 Marlow Road
Bourne End
Bucks
SL8 5TD

 

Davinder Toor Limited

(Registration number: 07884366)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

800

1,601

Current assets

 

Stocks

5

12,656,217

11,300,713

Debtors

6

61,313

74,872

Cash at bank and in hand

 

49,794

9,630

 

12,767,324

11,385,215

Creditors: Amounts falling due within one year

7

(11,311,437)

(10,194,517)

Net current assets

 

1,455,887

1,190,698

Total assets less current liabilities

 

1,456,687

1,192,299

Creditors: Amounts falling due after more than one year

7

(1,570,698)

(1,569,985)

Net liabilities

 

(114,011)

(377,686)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(114,111)

(377,786)

Shareholders' deficit

 

(114,011)

(377,686)

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 4 August 2025
 

Mr Davinder Pal Singh Toor
Director

 

Davinder Toor Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Fawley House 2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD
England

These financial statements were authorised for issue by the director on 4 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company's balance sheet shows an insolvent position at the balance sheet date. The director has arranged adequate funding to finance the company's continuing activities and to enable it to pay its debts as and when they fall due for payment, and accordingly considers that the company is a going concern and the financial statements have been prepared on this basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Davinder Toor Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & Fittings

25% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

 

Davinder Toor Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Davinder Toor Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2023

9,596

9,596

At 30 November 2024

9,596

9,596

Depreciation

At 1 December 2023

7,995

7,995

Charge for the year

801

801

At 30 November 2024

8,796

8,796

Carrying amount

At 30 November 2024

800

800

At 30 November 2023

1,601

1,601

5

Stocks

2024
£

2023
£

Other inventories

12,656,217

11,300,713

6

Debtors

Current

2024
£

2023
£

Prepayments

11,013

16,146

Other debtors

50,300

58,726

 

61,313

74,872

 

Davinder Toor Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts dues to related parties

9

1,006,076

121,878

Taxation and social security

 

108,184

-

Accrued expenses

 

6,777

6,652

Other borrowings

 

10,190,400

10,065,987

 

11,311,437

10,194,517

Due after one year

 

Loans and borrowings

8

1,570,698

1,569,985

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

1,570,698

1,569,985

Loans and borrowings due after one year are secured.

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

1,570,698

1,569,985

Current loans and borrowings

2024
£

2023
£

Other borrowings

10,190,400

10,065,987

 

Davinder Toor Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

9

Related party transactions

Loans from related parties

2024

Other related parties
£

Total
£

At start of period

9,293,984

9,293,984

Advanced

390,000

390,000

Repaid

(180,000)

(180,000)

At end of period

9,503,984

9,503,984

2023

Other related parties
£

Total
£

At start of period

9,402,684

9,402,684

Advanced

956,300

956,300

Repaid

(1,065,000)

(1,065,000)

At end of period

9,293,984

9,293,984

Terms of loans from related parties

These advances are unsecured, interest free with no fixed date for repayment.