Bhullar Investments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04835284 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2018

for

Bhullar Investments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

T Bhullar

Mrs C Bhullar

SECRETARY:

REGISTERED OFFICE:

36 Phillips Court

Water Street

STAMFORD

Lincolnshire

PE9 2EE

REGISTERED NUMBER:

04835284 (England and Wales)

ACCOUNTANTS:

Arch Accountancy Ltd

Stuart House

Second Floor, East Wing

St John's Street

Peterborough

Cambridgeshire

PE1 5DD

FIXED ASSETS

Intangible assets

4

31,000

31,000

Tangible assets

5

1,741

1,369

32,741

32,369

CURRENT ASSETS

Stocks

460,000

648,870

Debtors

6

259,861

239,639

Investments

7

687,044

679,044

Cash at bank

298,808

118,129

1,705,713

1,685,682

CREDITORS

Amounts falling due within one year

8

69,429

80,295

NET CURRENT ASSETS

1,636,284

1,605,387

TOTAL ASSETS LESS CURRENT LIABILITIES

1,669,025

1,637,756

CREDITORS

Amounts falling due after more than one year

9

296,316

319,102

NET ASSETS

1,372,709

1,318,654

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

1,372,409

1,318,354

SHAREHOLDERS' FUNDS

1,372,709

1,318,654

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 30 April 2019 and were signed on its behalf by:

T Bhullar - Director

1.	STATUTORY INFORMATION

Bhullar Investments 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.

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 represents the invoiced amount of goods sold and services provided.

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.

Tangible fixed assets

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

Plant and machinery etc

-

18% on reducing balance

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2017

and 31 July 2018

100,000

AMORTISATION

At 1 August 2017

and 31 July 2018

69,000

NET BOOK VALUE

At 31 July 2018

31,000

At 31 July 2017

31,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2017

8,999

Additions

754

At 31 July 2018

9,753

DEPRECIATION

At 1 August 2017

7,630

Charge for year

382

At 31 July 2018

8,012

NET BOOK VALUE

At 31 July 2018

1,741

At 31 July 2017

1,369

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

£

Trade debtors

16,255

86,741

Other debtors

243,606

152,898

259,861

239,639

7.	CURRENT ASSET INVESTMENTS

31.7.18

31.7.17

£

£

Unlisted investments

687,044

679,044

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

£

Trade creditors

7,984

12,922

Taxation and social security

31,445

37,373

Other creditors

30,000

30,000

69,429

80,295

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.18

31.7.17

£

£

Other creditors

296,316

319,102

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

296,316

319,102

10.	ULTIMATE CONTROLLING PARTY

The Company is controlled by Mr T P S Bhullar and Mrs C Bhullar by virtue of their shareholding in the

Company.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2018 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Arch Accountancy Ltd

Stuart House

Second Floor, East Wing

St John's Street

Peterborough

Cambridgeshire

PE1 5DD

Date: .............................................