Bhagavan Trading International Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11120976 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2020 TO 31 MAY 2021

FOR

BHAGAVAN TRADING INTERNATIONAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Kandasamy

A Satkunarajah

REGISTERED OFFICE:

1st Floor, 44-50 The Broadway

Southall

United Kingdom

UB1 1QB

REGISTERED NUMBER:

11120976 (England and Wales)

ACCOUNTANTS:

Param & Company Ltd

1st Floor

44 - 50 The Broadway

Southall

Middlesex

UB1 1QB

FIXED ASSETS

Tangible assets

4

569,658

-

CURRENT ASSETS

Stocks

52,374

-

Cash at bank and in hand

27,739

100

80,113

100

CREDITORS

Amounts falling due within one year

5

134,973

-

NET CURRENT (LIABILITIES)/ASSETS

(54,860

)

100

TOTAL ASSETS LESS CURRENT LIABILITIES

514,798

100

CREDITORS

Amounts falling due after more than one year

6

395,132

-

NET ASSETS

119,666

100

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

119,566

-

SHAREHOLDERS' FUNDS

119,666

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2021 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 6 July 2021 and were signed on its behalf by:

S Kandasamy - Director

1.	STATUTORY INFORMATION

Bhagavan Trading International 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

20% on cost

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 period 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 10 (2019 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

Additions

470,442

8,723

124,842

604,007

At 31 May 2021

470,442

8,723

124,842

604,007

DEPRECIATION

Charge for period

7,200

2,181

24,968

34,349

At 31 May 2021

7,200

2,181

24,968

34,349

NET BOOK VALUE

At 31 May 2021

463,242

6,542

99,874

569,658

Fixed assets, included in the above, which are held under finance leases are as follows:

Fixtures

and

fittings

£

COST

Additions

91,792

At 31 May 2021

91,792

DEPRECIATION

Charge for period

18,358

At 31 May 2021

18,358

NET BOOK VALUE

At 31 May 2021

73,434

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2019

£

£

Bank loans and overdrafts

22,096

-

Finance leases

19,940

-

Trade creditors

59,402

-

Taxation and social security

18,124

-

Other creditors

15,411

-

134,973

-

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2019

£

£

Bank loans

350,908

-

Finance leases

44,224

-

395,132

-