REGISTERED NUMBER: 01556507 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

B N Kaushal Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mr B N Kaushal

Mrs R Kaushal

Mr R Kaushal

SECRETARY:

Mrs S Paul

REGISTERED OFFICE:

65 Newport Road

Birmingham

West Midlands

B12 8QB

REGISTERED NUMBER:

01556507 (England and Wales)

ACCOUNTANTS:

AKB Group Limited

91 Soho Hill

Hockley

Birmingham

West Midlands

B19 1AY

FIXED ASSETS

Tangible assets

4

200,139

224,097

CURRENT ASSETS

Stocks

5

3,828,317

4,350,272

Debtors

6

222,267

205,326

Cash at bank and in hand

305,413

784,284

4,355,997

5,339,882

CREDITORS

Amounts falling due within one year

7

856,833

1,966,081

NET CURRENT ASSETS

3,499,164

3,373,801

TOTAL ASSETS LESS CURRENT LIABILITIES

3,699,303

3,597,898

PROVISIONS FOR LIABILITIES

13,206

17,684

NET ASSETS

3,686,097

3,580,214

CAPITAL AND RESERVES

Called up share capital

8

100

100

Revaluation reserve

78,129

78,129

Retained earnings

3,607,868

3,501,985

SHAREHOLDERS' FUNDS

3,686,097

3,580,214

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 30 September 2025 and were signed on its behalf by:

Mr R Kaushal - Director

1.	STATUTORY INFORMATION

B N Kaushal 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Government grants

Capital based government grants are included within accruals and deferred income and are credited to trading profit over the estimated useful economic lives of the assets to which they relate

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

302,409

192,367

335,864

830,640

Disposals

-

-

(26,411

)

(26,411

)

At 31 December 2024

302,409

192,367

309,453

804,229

DEPRECIATION

At 1 January 2024

149,047

171,576

285,920

606,543

Charge for year

6,048

3,119

12,486

21,653

Eliminated on disposal

-

-

(24,106

)

(24,106

)

At 31 December 2024

155,095

174,695

274,300

604,090

NET BOOK VALUE

At 31 December 2024

147,314

17,672

35,153

200,139

At 31 December 2023

153,362

20,791

49,944

224,097

5.

STOCKS

31.12.24

31.12.23

£

£

Stocks and work in progress

3,828,317

4,350,272

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

145,034

134,890

Other debtors

77,233

70,436

222,267

205,326

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

120

24,703

Trade creditors

146,602

103,008

Taxation and social security

110,231

102,422

Other creditors

599,880

1,735,948

856,833

1,966,081

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

98

Ordinary - Class A

£1

98

98

2

Ordinary - Class B

£1

2

2

100

100

9.	RELATED PARTY DISCLOSURES

The company rents property from the directors' children at £10,000 (2023 - £10,000)per annum.