BAJWA TRADERS LIMITED - Filleted accounts

Registered number

13080282

BAJWA TRADERS LIMITED

Filleted Accounts

31 December 2024

BAJWA TRADERS LIMITED
Registered number:		13080282
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		13,849			3,714

Current assets
Debtors	4	164,168			72,549
Cash at bank and in hand		13,633			75,195
		177,801			147,744

Creditors: amounts falling due within one year	5	(156,326)			(117,249)

Net current assets			21,475			30,495

Total assets less current liabilities			35,324			34,209

Creditors: amounts falling due after more than one year	6		(16,033)			(18,261)



Net assets			19,291			15,948

Capital and reserves
Called up share capital			1			1
Profit and loss account			19,290			15,947

Shareholder's funds			19,291			15,948

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Waqas Hanif Bajwa
Director
Approved by the board on 25 September 2025

BAJWA TRADERS LIMITED
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	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
	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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.






2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			10		10


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 January 2024	5,107		-		5,107
	Additions	-		11,673		11,673
	At 31 December 2024	5,107		11,673		16,780

	Depreciation
	At 1 January 2024	1,393		-		1,393
	Charge for the year	371		1,167		1,538
	At 31 December 2024	1,764		1,167		2,931

	Net book value
	At 31 December 2024	3,343		10,506		13,849
	At 31 December 2023	3,714		-		3,714


4	Debtors			2024		2023
£					£

	Other debtors			164,168		72,549


5	Creditors: amounts falling due within one year			2024		2023
£					£

	Taxation and social security costs			107,663		113,246
	Other creditors			48,663		4,003
				156,326		117,249


6	Creditors: amounts falling due after one year			2024		2023
£					£

	Bank loans			16,033		18,261






7	Other information

	BAJWA TRADERS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:

	104 North Street
	Romford
	RM1 1DA