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Registration number: 01388102

Badiani & Company Limited

Contents

Company Information	1
Abridged Statement of Financial Position	2 to 3
Notes to the Unaudited Abridged Financial Statements	4 to 9

Badiani & Company Limited

Company Information

Directors

Mr Rajendra Vithaldas Badiani Mrs Bindu Rajendra Badiani Mr Sachin Badiani

Company secretary

Mrs Bindu Rajendra Badiani

Registered office

54 Istead Rise Northfleet Gravesend Kent DA13 9JF

Accountants

Sterling Associates Chartered Certified Accountants5 Theobald Court Theobald Street Elstree Hertfordshire WD6 4RN

Badiani & Company Limited

(Registration number: 01388102)
Abridged Statement of Financial Position as at 30 September 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	30,297	35,255
Tangible assets	5	43,490	17,151
Other financial assets	6	89,855	89,855
		163,642	142,261
Current assets
Stocks	7	220,405	208,202
Debtors		1,558,400	1,612,005
Cash at bank and in hand		5,470,153	5,583,186
		7,248,958	7,403,393
Creditors: Amounts falling due within one year		(395,994)	(528,910)
Net current assets		6,852,964	6,874,483
Total assets less current liabilities		7,016,606	7,016,744
Provisions for liabilities		(2,738)	(2,738)
Accruals and deferred income		(19,000)	(28,500)
Net assets		6,994,868	6,985,506
Capital and reserves
Called up share capital	8	100	100
Retained earnings		6,994,768	6,985,406
Shareholders' funds		6,994,868	6,985,506

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

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Statement of Financial Position in accordance with Section 444(2A) of the Companies Act 2006.

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 directors have not delivered to the registrar a copy of the Income Statement.

Badiani & Company Limited

(Registration number: 01388102)
Abridged Statement of Financial Position as at 30 September 2024

Approved and authorised by the Board on 29 September 2025 and signed on its behalf by:
 

......................................... Mr Rajendra Vithaldas Badiani Director

Badiani & Company Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

1	General information

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

The address of its registered office is:
54 Istead Rise
Northfleet
Gravesend
Kent
DA13 9JF

These financial statements were authorised for issue by the Board on 29 September 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 abridged 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 abridged 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

Badiani & Company Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

Tangible assets

Tangible assets are stated in the statement of financial position 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:

Short leasehold - 10% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 30% on reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. 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.

Badiani & Company Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 23 (2023 - 23).

Badiani & Company Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

4	Intangible assets

	Total £
Cost or valuation
At 1 October 2023	843,902
At 30 September 2024	843,902
Amortisation
At 1 October 2023	808,647
Amortisation charge	4,958
At 30 September 2024	813,605
Carrying amount
At 30 September 2024	30,297
At 30 September 2023	35,255

5	Tangible assets

	Short leasehold land and buildings £	Fixtures and fittings £	Plant and machinery £	Office equipment £
Cost or valuation
At 1 October 2023	21,714	180,189	42,500	21,251
Additions	-	-	-	1,578
At 30 September 2024	21,714	180,189	42,500	22,829
Depreciation
At 1 October 2023	21,188	166,880	41,474	18,961
Charge for the year	258	1,997	-	1,274
At 30 September 2024	21,446	168,877	41,474	20,235
Carrying amount
At 30 September 2024	268	11,312	1,026	2,594
At 30 September 2023	526	13,309	1,026	2,290

Badiani & Company Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

	Motor vehicles  £	Total £
Cost or valuation
At 1 October 2023	-	265,654
Additions	37,720	39,298
At 30 September 2024	37,720	304,952
Depreciation
At 1 October 2023	-	248,503
Charge for the year	9,430	12,959
At 30 September 2024	9,430	261,462
Carrying amount
At 30 September 2024	28,290	43,490
At 30 September 2023	-	17,151

Included within the net book value of land and buildings above is £268 (2023 - £525) in respect of short leasehold land and buildings.
 

Badiani & Company Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

6	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 1 October 2023	89,855	89,855
At 30 September 2024	89,855	89,855
Impairment
Carrying amount
At 30 September 2024	89,855	89,855

7

Stocks

	2024 £	2023 £
Other inventories	220,405	208,202

8	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

9	Parent and ultimate parent undertaking

The ultimate controlling party is R V Badiani.