Waheguru Trading Ltd

Waheguru Trading Ltd

WAHEGURU TRADING LTD - Company Information

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1 March 2023 false No description of principal activity Taxfiler 2024.2 07907894business:PrivateLimitedCompanyLtd2023-03-012024-02-29 079078942023-02-28 079078942023-03-012024-02-29 07907894business:AuditExempt-NoAccountantsReport2023-03-012024-02-29 07907894business:FilletedAccounts2023-03-012024-02-29 079078942024-02-29 07907894business:Director12023-03-012024-02-29 07907894business:RegisteredOffice2023-03-012024-02-29 079078942023-02-28 07907894core:WithinOneYear2024-02-29 07907894core:WithinOneYear2023-02-28 07907894core:AfterOneYear2024-02-29 07907894core:AfterOneYear2023-02-28 07907894core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 07907894core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 07907894core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 07907894core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 07907894core:PreviouslyStatedAmount2024-02-29 07907894core:PreviouslyStatedAmount2023-02-28 07907894business:SmallEntities2023-03-012024-02-29 07907894countries:EnglandWales2023-03-012024-02-29 07907894core:MotorVehicles2023-02-28 07907894core:MotorVehicles2024-02-29 079078942022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. 07907894 (England and Wales)
Waheguru Trading Ltd Unaudited accounts for the year ended 29 February 2024
Waheguru Trading Ltd Unaudited accounts Contents
Page
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Waheguru Trading Ltd Company Information for the year ended 29 February 2024
Director
Nirmal Singh AHUJA
Company Number
07907894 (England and Wales)
Registered Office
23 Upwood Road London London SW16 5RB England
Accountants
AMCO Accountants Limited 192 Haydons Road Wimbledon London SW19 8TR
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Waheguru Trading Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
25,000 
25,000 
Current assets
Inventories
86,046 
84,620 
Debtors
5
70,000 
79,000 
Cash at bank and in hand
26,125 
29,341 
182,171 
192,961 
Creditors: amounts falling due within one year
6
(84,013)
(61,385)
Net current assets
98,158 
131,576 
Total assets less current liabilities
123,158 
156,576 
Creditors: amounts falling due after more than one year
7
(94,666)
(105,314)
Net assets
28,492 
51,262 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
28,491 
51,261 
Shareholders' funds
28,492 
51,262 
For the year ending 29 February 2024 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.
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 8 May 2024 and were signed on its behalf by
Nirmal Singh AHUJA Director Company Registration No. 07907894
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Waheguru Trading Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Waheguru Trading Ltd is a private company, limited by shares, registered in England and Wales, registration number 07907894. The registered office is 23 Upwood Road, London, London, SW16 5RB, England.
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:
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 March 2023
25,000 
At 29 February 2024
25,000 
Depreciation
At 29 February 2024
- 
Net book value
At 29 February 2024
25,000 
At 28 February 2023
25,000 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
70,000 
79,000 
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Waheguru Trading Ltd Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
1,046 
Trade creditors
57,879 
44,326 
Loans from directors
26,134 
16,013 
84,013 
61,385 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
20,718 
31,365 
Loans from directors
73,948 
73,949 
94,666 
105,314 
8
Average number of employees
During the year the average number of employees was 4 (2023: 3).
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