Company registration number: 06514583
Unaudited financial statements
for the year ended 31 December 2024
for
BHATIA & SONS LIMITED
Pages for filing with the Registrar
Company registration number: 06514583
BHATIA & SONS LIMITED
Balance sheet
as at 31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 4 33,000 35,750
Tangible assets 5 83,709 58,878
116,709 94,628
Current assets
Stocks 4,400,000 3,530,000
Debtors 2,741,895 2,786,789
Cash at bank and in hand 8,118 16,718
7,150,013 6,333,507
Creditors: amounts falling due within one
year 		(3,685,762) (3,450,846)
Net current assets 3,464,251 2,882,661
Total assets less current liabilities 3,580,960 2,977,289
Creditors: Amounts falling due after more
than one year 		(2,842,144) (2,356,186)
NET ASSETS 738,816 621,103
Capital and reserves
Called up share capital 100 100
Profit and loss account 738,716 621,003
TOTAL EQUITY 738,816 621,103
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 06514583
BHATIA & SONS LIMITED
Balance sheet - continued
as at 31 December 2024
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 20 November 2025 and signed on its behalf by:
Mr C Bhatia, Director
20 November 2025
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BHATIA & SONS LIMITED
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
BHATIA & SONS LIMITED is a private company registered in England and Wales. Its registered number is 06514583. The company is limited by shares. Its registered office is 109 The Broadway, Southall, Middlesex, UB1 1LN.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill - 5% straight line
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Long leasehold property - 5% straight line
Plant and machinery etc.:
Plant and machinery - 25% reducing balance
Motor vehicles - 20% reducing balance
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BHATIA & SONS LIMITED
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
3 Average number of employees
During the year the average number of employees was 27 (2023 - 25).
4 Intangible assets
Goodwill
£
Cost
At 1 January 2024 55,000
At 31 December 2024 55,000
Amortisation
At 1 January 2024 19,250
Charge for year 2,750
At 31 December 2024 22,000
Net book value
At 31 December 2024 33,000
At 31 December 2023 35,750
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BHATIA & SONS LIMITED
Notes to the financial statements - continued
for the year ended 31 December 2024
5 Tangible fixed assets
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Cost
At 1 January 2024 13,973 128,475 142,448
Additions - 48,796 48,796
At 31 December 2024 13,973 177,271 191,244
Depreciation
At 1 January 2024 4,893 78,677 83,570
Charge for year 699 23,266 23,965
At 31 December 2024 5,592 101,943 107,535
Net book value
At 31 December 2024 8,381 75,328 83,709
At 31 December 2023 9,080 49,798 58,878
6 Related party transactions
The company has taken advantage of the exemption in FRS 102 from the requirement to disclose related party transactions.
7 Creditors: Amounts falling due after more than one year
Creditors more than one year included a loan of £2,051,900 (2023 - £2,051,900) from Mr. Manpreet Singh (Director).
8 Controlling party
The ultimate controlling party is Mr. Charanjeet Singh Bhatia (Director).
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