DN DALWADI STORES LTD


Directors	Jalpaben Jigar Dalwadi
	Jigar Vinodkumar Dalwadi


Registered Address	Flat
	Penrhos Garage
	Aberdovey
	LL35 0NR


Registered Number	14878489 (England and Wales)

Statement of Financial Position
31 May 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		73,470		82,114
Tangible assets	4		6,478		8,637
			79,948		90,751
Current assets
Stocks	5	30,000		32,000
Debtors	6	8,848		9,490
Cash at bank and on hand		17,592		11,315
		56,440		52,805
Creditors amounts falling due within one year	7	(96,177)		(115,472)
Net current assets (liabilities)			(39,737)		(62,667)
Total assets less current liabilities			40,211		28,084
Creditors amounts falling due after one year	8		(37,709)		(21,875)
Net assets			2,502		6,209
Capital and reserves
Called up share capital			100		100
Profit and loss account			2,402		6,109
Shareholders' funds			2,502		6,209

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 23 October 2025, and are signed on its behalf by:

Jigar Vinodkumar Dalwadi
Director
Registered Company No. 14878489

DN DALWADI STORES LTD

Notes to the Financial Statements
for the year ended 31 May 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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 policy
	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.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Office Equipment	25

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	6		6

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 June 24	86,436	86,436
At 31 May 25	86,436	86,436
Amortisation and impairment
At 01 June 24	4,322	4,322
Charge for year	8,644	8,644
At 31 May 25	12,966	12,966
Net book value
At 31 May 25	73,470	73,470
At 31 May 24	82,114	82,114

4.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 June 24	10,000	10,000
At 31 May 25	10,000	10,000
Depreciation and impairment
At 01 June 24	1,363	1,363
Charge for year	2,159	2,159
At 31 May 25	3,522	3,522
Net book value
At 31 May 25	6,478	6,478
At 31 May 24	8,637	8,637

5.	Stocks

	2025	2024
	£	£
Finished goods	30,000	32,000
Total	30,000	32,000

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	6,219	8,718
Prepayments and accrued income	2,629	772
Total	8,848	9,490

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	10,955	7,237
Taxation and social security	6,087	3,156
Other creditors	78,207	104,079
Accrued liabilities and deferred income	928	1,000
Total	96,177	115,472

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	37,709	21,875
Total	37,709	21,875

9.	Pension commitments
	The company operates a defined contribution pension scheme for the directors and senior employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £17.10 (2024 - £16.03) were due to the fund. They are included in other creditors.