Abbreviated Company Accounts - NIRRAJ LIMITED

05634184 NIRRAJ LIMITED 2014-10-30 false 2013-10-31 2014-10-30 true 05634184 2013-10-31 2014-10-30 05634184 2014-10-30 05634184 2013-10-30 05634184 uk-gaap-cd-bus:Director1 2013-10-31 2014-10-30 05634184 uk-gaap-cd-bus:Director2 2013-10-31 2014-10-30 uk-gaap-cd-bus:Director3 2013-10-31 2014-10-30 uk-gaap-cd-bus:Director3 2014-10-30 uk-gaap-cd-bus:Director3 2013-10-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 2014-10-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-30 iso4217:GBP shares

Registered Number 05634184

NIRRAJ LIMITED

Abbreviated Accounts

30 October 2014

NIRRAJ LIMITED Registered Number 05634184

Abbreviated Balance Sheet as at 30 October 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	34,926	38,101
		34,926	38,101
Current assets
Debtors		33,496	8,066
Cash at bank and in hand		4,199	2,424
		37,695	10,490
Creditors: amounts falling due within one year		(127,269)	(64,731)
Net current assets (liabilities)		(89,574)	(54,241)
Total assets less current liabilities		(54,648)	(16,140)
Total net assets (liabilities)		(54,648)	(16,140)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(54,748)	(16,240)
Shareholders' funds		(54,648)	(16,140)

For the year ending 30 October 2014 the company was entitled to exemption 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.

Approved by the Board on 29 July 2015

And signed on their behalf by:
Nirvair Dhillon, Director

NIRRAJ LIMITED Registered Number 05634184

Notes to the Abbreviated Accounts for the period ended 30 October 2014

1Accounting Policies

Basis of measurement and preparation of accounts
Going Concern:
The director confirm they will continue to provide financial support through the loan provided to the company until the company is able to realise its assets and discharge its liabilities in normal course of business. The company acts as landlord and sublets to Nirkar Ltd and charges no profit. The director believes that the company will be trading for the foreseeable future.

Basis of Accounting:
The financial statement are prepared on the historical cost basis of accounting and have benn prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The company has taken advantage of the exemption, conferred by Financial Reporting standard 1, from presenting a cash flow statement as it qualifies as a small company.

Turnover policy
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or valuation less estimated residual value of each asset over its estimated useful life. The principal rates in use are:

Leasehold Property 20 years St line basis

2Tangible fixed assets

	£
Cost
At 31 October 2013	63,501
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 October 2014	63,501
Depreciation
At 31 October 2013	25,400
Charge for the year	3,175
On disposals	-
At 30 October 2014	28,575
Net book values
At 30 October 2014	34,926
At 30 October 2013	38,101

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100

4Transactions with directors

Name of director receiving advance or credit:	Nirvair Dhillon
Description of the transaction:	Company Owed to Director
Balance at 31 October 2013:	£ 51,291
Advances or credits made:	-
Advances or credits repaid:	£ 2,098
Balance at 30 October 2014:	£ 49,193

Related Party Note:

At the balance sheet date, the company owed the director Mr Nirvair Singh Dhillon £51.291 (2013:£51.291. This is an interest free loan to the company.
At the balance sheet date, the company was under the sole control of the director Mr Nirvair Dhillon who is the sole director and 100% shareholder of the company.
Also at the balance sheet date, the company was owed £2.000 by the related company Lounge34 Ltd.
The director Mr Nirvair Dhillon is also director of Nirkar Ltd, Lounge34 Ltd and Mancrest Ltd.