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Company Registration No. 03752556 (England and Wales)
Dharam Knitwear Limited Unaudited accounts for the year ended 31 August 2025
Dharam Knitwear Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Dharam Knitwear Limited Company Information for the year ended 31 August 2025
Director
Daljit Singh
Secretary
Sarabjit Kaur
Company Number
03752556 (England and Wales)
Registered Office
40 Portishead Road Leicester LE5 0JL United Kingdom
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Dharam Knitwear Limited Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
190,309
201,154
Current assets
Inventories
175,330
175,330
Debtors
38,900
85,806
Cash at bank and in hand
4,226
(58)
218,456
261,078
Creditors: amounts falling due within one year
(364,032)
(372,262)
Net current liabilities
(145,576)
(111,184)
Total assets less current liabilities
44,733
89,970
Creditors: amounts falling due after more than one year
(72,596)
(108,521)
Provisions for liabilities
Deferred tax
(10,393)
(12,162)
Net liabilities
(38,256)
(30,713)
Capital and reserves
Called up share capital
5
1,000
1,000
Profit and loss account
(39,256)
(31,713)
Shareholders' funds
(38,256)
(30,713)
For the year ending 31 August 2025 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 June 2026 and were signed on its behalf by
Daljit Singh Director Company Registration No. 03752556
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Dharam Knitwear Limited Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
Dharam Knitwear Limited is a private company, limited by shares, registered in England and Wales, registration number 03752556. The registered office is 40 Portishead Road, , Leicester, LE5 0JL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Reducing Balance Basis
Motor vehicles
25% Reducing Balance Basis
Fixtures & fittings
10% Reducing Balance Basis
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Dharam Knitwear Limited Notes to the Accounts for the year ended 31 August 2025
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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 September 2024
485,399
Additions
15,108
At 31 August 2025
500,507
Depreciation
At 1 September 2024
284,245
Charge for the year
25,953
At 31 August 2025
310,198
Net book value
At 31 August 2025
190,309
At 31 August 2024
201,154
5
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
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Dharam Knitwear Limited Notes to the Accounts for the year ended 31 August 2025
6
Transactions with related parties
During the year, the director and his wife provided loans to the company in the amount of £100,211 (2024: £109,925). The loan is interest-free and payable on demand. At the balance sheet date, an amount of £ 72,286 (2024: £100,211) was outstanding. Rent of £6,000 (2024–£6,000) was paid for premises owned by the director and his wife. During the year, a salary of £7800 (2024–£7801) was paid to the company's director.
7
Average number of employees
During the year the average number of employees was 14 (2024: 15).
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