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Company registration number: 11691314
Apna Virsa Ltd
Unaudited filleted financial statements
30 November 2024
Apna Virsa Ltd
Contents
Directors and other information
Directors report
Accountants report
Statement of financial position
Notes to the financial statements
Apna Virsa Ltd
Directors and other information
Directors Palvinder Singh (Resigned 15 June 2025)
Kulwinder Kaur (Appointed 15 June 2025)
Company number 11691314
Registered office 80 South Road
Southall
UB1 1RD
Accountants MyGoTo Accountants Limited
Neal's Corner Suite 20
2 Bath Road
Hounslow
TW3 3HJ
Apna Virsa Ltd
Directors report
Year ended 30 November 2024
The directors present their report and the unaudited financial statements of the company for the year ended 30 November 2024.
Directors
The directors who served the company during the year were as follows:
Palvinder Singh (Resigned 15 June 2025)
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 15 August 2025 and signed on behalf of the board by:
Kulwinder Kaur
Director
Apna Virsa Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Apna Virsa Ltd
Year ended 30 November 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 30 November 2024 which comprise the statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
MyGoTo Accountants Limited
Neal's Corner Suite 20
2 Bath Road
Hounslow
TW3 3HJ
15 August 2025
Apna Virsa Ltd
Statement of financial position
30 November 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 6,912 8,640
Investments 6 186,000 153,000
_______ _______
192,912 161,640
Current assets
Debtors 7 8,000 7,441
Cash at bank and in hand 1,219 12,153
_______ _______
9,219 19,594
Creditors: amounts falling due
within one year 8 ( 87,445) ( 64,070)
_______ _______
Net current liabilities ( 78,226) ( 44,476)
_______ _______
Total assets less current liabilities 114,686 117,164
Creditors: amounts falling due
after more than one year 9 ( 9,216) ( 16,517)
_______ _______
Net assets 105,470 100,647
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 105,370 100,547
_______ _______
Shareholder funds 105,470 100,647
_______ _______
For the 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.
Directors responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 15 August 2025 , and are signed on behalf of the board by:
Kulwinder Kaur
Director
Company registration number: 11691314
Apna Virsa Ltd
Notes to the financial statements
Year ended 30 November 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 80 South Road, Southall, UB1 1RD.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 20 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Staff costs
The average number of persons employed by the company during the year amounted to 13 (2023: 8 ).
The aggregate payroll costs incurred during the year were:
2024 2023
£ £
Wages and salaries 216,428 125,220
Social security costs 13,231 7,281
Other pension costs 1,188 861
_______ _______
230,847 133,362
_______ _______
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 December 2023 and 30 November 2024 15,000 15,000
_______ _______
Depreciation
At 1 December 2023 6,360 6,360
Charge for the year 1,728 1,728
_______ _______
At 30 November 2024 8,088 8,088
_______ _______
Carrying amount
At 30 November 2024 6,912 6,912
_______ _______
At 30 November 2023 8,640 8,640
_______ _______
6. Investments
Other loans Total
£ £
Cost
At 1 December 2023 153,000 153,000
Additions 33,000 33,000
_______ _______
At 30 November 2024 186,000 186,000
_______ _______
Impairment
At 1 December 2023 and 30 November 2024 - -
_______ _______
Carrying amount
At 30 November 2024 186,000 186,000
_______ _______
At 30 November 2023 153,000 153,000
_______ _______
7. Debtors
2024 2023
£ £
Other debtors 8,000 7,441
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 13,542 -
Trade creditors - 7,207
Corporation tax 13,678 30,844
Social security and other taxes 35,991 14,958
Other creditors 24,234 11,061
_______ _______
87,445 64,070
_______ _______
9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 9,216 16,517
_______ _______