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Registered number: 12511971
GURFATEH LIMITED
Financial Statements
For The Year Ended 31 March 2025
Accounting & Allied Services Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12511971
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 810,867 813,267
810,867 813,267
CURRENT ASSETS
Cash at bank and in hand 1,091 276
1,091 276
Creditors: Amounts Falling Due Within One Year 5 (167,940 ) (180,578 )
NET CURRENT ASSETS (LIABILITIES) (166,849 ) (180,302 )
TOTAL ASSETS LESS CURRENT LIABILITIES 644,018 632,965
Creditors: Amounts Falling Due After More Than One Year 6 (612,073 ) (611,454 )
NET ASSETS 31,945 21,511
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 31,944 21,510
SHAREHOLDERS' FUNDS 31,945 21,511
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Manjit Kaur Duley
Director
08/12/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
GURFATEH LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 12511971 . The registered office is 4 The Mews Worton Hall, Worton road, Isleworth, Middlesex, TW7 6GA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0%
Fixtures & Fittings 20%
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2024 806,067 12,000 818,067
As at 31 March 2025 806,067 12,000 818,067
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 April 2024 - 4,800 4,800
Provided during the period - 2,400 2,400
As at 31 March 2025 - 7,200 7,200
Net Book Value
As at 31 March 2025 806,067 4,800 810,867
As at 1 April 2024 806,067 7,200 813,267
5. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - (1 )
Corporation tax 2,787 2,723
Other creditors Tnt deposit scheme 2,160 2,760
Other creditors Mk Ltd 59,928 53,910
Other creditors Accountancy 690 625
Director's loan account 102,375 120,561
167,940 180,578
6. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 612,073 611,454
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
8. Directors Advances, Credits and Guarantees
Dividends paid to directors
2025 2024
£ £
Mrs Manjit Kaur Duley 500 3,500
Page 4