Founded in 2002, Velji Bhovan & Sons (trading), classified under reg no. 04598252 is an active company. Currently registered at Vb House, Woodside End Alperton HA0 1UR, Middlesex the company has been in the business for 22 years. Its financial year was closed on July 31 and its latest financial statement was filed on 2022/07/31.
The firm has 6 directors, namely Paren N., Kiran N. and Chandulal N. and others. Of them, Chandulal N., Mahendra N., Manharlal N., Natwarlal N. have been with the company the longest, being appointed on 22 November 2002 and Paren N. and Kiran N. have been with the company for the least time - from 15 January 2024. Currenlty, the firm lists one former director, whose name is Chunilal N. and who left the the firm on 25 September 2023. In addition, there is one former secretary - Chunilal N. who worked with the the firm until 25 September 2023.
| Office Address | Vb House, Woodside End Alperton |
| Office Address2 | Wembley |
| Town | Middlesex |
| Post code | HA0 1UR |
| Country of origin | United Kingdom |
| Registration Number | 04598252 |
| Date of Incorporation | Fri, 22nd Nov 2002 |
| Industry | Other retail sale in non-specialised stores |
| Industry | |
| End of financial Year | 31st July |
| Company age | 22 years old |
| Account next due date | Tue, 30th Apr 2024 (1 day after) |
| Account last made up date | Sun, 31st Jul 2022 |
| Next confirmation statement due date | Wed, 6th Dec 2023 (2023-12-06) |
| Last confirmation statement dated | Tue, 22nd Nov 2022 |
Position: Director
Appointed: 15 January 2024
Position: Director
Appointed: 15 January 2024
Position: Director
Appointed: 22 November 2002
Position: Director
Appointed: 22 November 2002
Position: Director
Appointed: 22 November 2002
Position: Director
Appointed: 22 November 2002
| Profit & Loss | ||||
|---|---|---|---|---|
| Accounts Information Date | 2020-07-31 | 2021-07-31 | 2022-07-31 | 2023-07-31 |
| Balance Sheet | ||||
| Cash Bank On Hand | 8 528 011 | 9 240 237 | 7 973 904 | 5 494 251 |
| Current Assets | 16 891 246 | 17 687 665 | 18 361 763 | 16 488 937 |
| Debtors | 1 342 394 | 1 124 759 | 1 136 851 | 1 407 249 |
| Net Assets Liabilities | 20 582 665 | 21 247 464 | 18 894 315 | 20 538 331 |
| Other Debtors | 103 797 | 39 320 | 72 482 | 100 761 |
| Property Plant Equipment | 10 647 464 | 10 560 938 | 10 499 708 | 10 574 788 |
| Total Inventories | 7 020 841 | 7 322 669 | 9 251 008 | |
| Other | ||||
| Audit Fees Expenses | 29 250 | 31 850 | 30 850 | 30 850 |
| Other Non-audit Services Fees | 714 | |||
| Accrued Liabilities Deferred Income | 104 594 | 78 511 | 68 239 | 73 874 |
| Accumulated Depreciation Impairment Property Plant Equipment | 2 559 705 | 2 763 737 | 2 932 303 | 2 443 105 |
| Additions Other Than Through Business Combinations Property Plant Equipment | 135 506 | 169 336 | 398 987 | |
| Administrative Expenses | 2 332 331 | 2 012 733 | 2 653 701 | 2 819 454 |
| Amounts Owed To Group Undertakings | 1 000 | 1 000 | 1 000 | 1 000 |
| Average Number Employees During Period | 169 | 178 | 177 | 172 |
| Bank Borrowings | 1 265 000 | 1 100 000 | 935 000 | 770 000 |
| Bank Borrowings Overdrafts | 1 100 000 | 935 000 | 770 000 | 605 000 |
| Cash Cash Equivalents Cash Flow Value | 8 528 011 | 9 240 237 | 7 973 904 | 5 494 251 |
| Corporation Tax Payable | 472 602 | 360 830 | 353 699 | 235 077 |
| Cost Sales | 30 274 994 | 27 458 463 | 29 549 445 | 35 111 975 |
| Creditors | 1 100 000 | 935 000 | 770 000 | 605 000 |
| Current Tax For Period | 798 185 | 761 229 | 734 381 | 602 228 |
| Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences | 5 563 | 9 953 | 10 190 | 72 693 |
| Depreciation Expense Property Plant Equipment | 218 433 | 221 712 | 227 721 | |
| Depreciation Impairment Expense Property Plant Equipment | 218 433 | 221 712 | 227 721 | 273 386 |
| Distribution Costs | 3 812 573 | 3 977 882 | 3 989 774 | 4 248 065 |
| Dividends Paid | 2 500 000 | 2 500 000 | 5 500 000 | 625 000 |
| Dividends Paid Classified As Financing Activities | -2 500 000 | -2 500 000 | -1 445 000 | -625 000 |
| Dividends Paid On Shares Interim | 2 500 000 | 2 500 000 | 5 500 000 | 625 000 |
| Finished Goods Goods For Resale | 7 020 841 | 7 322 669 | 9 251 008 | 9 587 437 |
| Fixed Assets | 10 656 064 | 10 569 538 | 10 508 308 | 10 583 388 |
| Further Item Cash Flow From Used In Financing Activities Component Net Cash Flows From Used In Financing Activities | 946 755 | 165 000 | 165 000 | 165 000 |
| Further Item Tax Increase Decrease Component Adjusting Items | -16 730 | -28 714 | 43 267 | -84 150 |
| Future Minimum Lease Payments Under Non-cancellable Operating Leases | 183 333 | 866 250 | 701 250 | 536 250 |
| Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss | -11 759 | 3 074 | 30 077 | 42 599 |
| Gain Loss In Cash Flows From Change In Creditors Trade Other Payables | 1 148 300 | -311 913 | 927 042 | 3 230 833 |
| Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables | -110 087 | -217 635 | 12 092 | 270 398 |
| Gain Loss In Cash Flows From Change In Inventories | -679 058 | 301 828 | 1 928 339 | 336 429 |
| Gain Loss On Disposals Property Plant Equipment | 30 | -2 845 | ||
| Government Grant Income | 39 270 | 7 725 | 1 656 | |
| Gross Profit Loss | 10 092 685 | 9 850 470 | 10 460 002 | |
| Income Taxes Paid Refund Classified As Operating Activities | -632 547 | -873 001 | -741 512 | -720 850 |
| Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation | 1 266 333 | 2 479 653 | ||
| Increase From Depreciation Charge For Year Property Plant Equipment | 221 712 | 227 721 | 273 386 | |
| Interest Income On Bank Deposits | 49 446 | 16 565 | 22 872 | 114 621 |
| Interest Income On Financial Assets That Are Not Fair Value Through Profit Or Loss | 49 446 | 16 565 | 22 872 | 114 621 |
| Interest Paid Classified As Operating Activities | -15 033 | -37 634 | ||
| Interest Payable Similar Charges Finance Costs | 32 663 | 12 964 | 15 033 | 37 634 |
| Interest Received Classified As Investing Activities | -49 446 | -16 565 | -22 872 | -114 621 |
| Investments | 7 500 | 8 600 | 8 600 | 8 600 |
| Investments Fixed Assets | 8 600 | 8 600 | 8 600 | 8 600 |
| Investments In Subsidiaries | 1 100 | 1 100 | 1 100 | 1 100 |
| Net Assets Liabilities Subsidiaries | 1 000 | |||
| Net Cash Flows From Used In Operating Activities | -3 247 512 | -3 495 817 | -490 131 | |
| Net Cash Generated From Operations | -3 912 722 | -4 381 782 | -1 246 676 | 646 803 |
| Net Current Assets Liabilities | 11 072 622 | 11 668 900 | 9 222 171 | 10 698 800 |
| Net Finance Income Costs | 49 446 | 16 565 | 22 872 | 114 621 |
| Net Interest Paid Received Classified As Operating Activities | -32 663 | -12 964 | -15 033 | |
| Operating Profit Loss | 4 053 444 | 3 932 380 | 3 883 583 | |
| Other Creditors | 2 703 442 | 2 807 509 | 5 352 406 | 1 868 212 |
| Other Disposals Decrease In Depreciation Impairment Property Plant Equipment | 17 680 | 59 155 | 762 584 | |
| Other Disposals Property Plant Equipment | 18 000 | 62 000 | 813 105 | |
| Other Interest Expense | 32 663 | 12 964 | 15 033 | 37 634 |
| Other Interest Receivable Similar Income Finance Income | 49 446 | 16 565 | 22 872 | 114 621 |
| Other Operating Income Format1 | 105 663 | 72 525 | 67 056 | 67 700 |
| Other Taxation Social Security Payable | 101 038 | 86 384 | 263 814 | 156 249 |
| Pension Other Post-employment Benefit Costs Other Pension Costs | 69 895 | 71 150 | 71 594 | 73 262 |
| Percentage Class Share Held In Subsidiary | 100 | 100 | ||
| Prepayments Accrued Income | 109 217 | 229 630 | 266 497 | 326 312 |
| Proceeds From Sales Property Plant Equipment | -350 | |||
| Profit Loss | 3 266 479 | 3 164 799 | 3 146 851 | 2 269 016 |
| Profit Loss On Ordinary Activities Before Tax | 4 070 227 | 3 935 981 | 3 891 422 | 2 943 937 |
| Property Plant Equipment Gross Cost | 13 207 169 | 13 324 675 | 13 432 011 | 13 017 893 |
| Purchase Property Plant Equipment | -68 925 | -135 506 | -169 336 | -398 987 |
| Social Security Costs | 318 226 | 334 183 | 417 378 | |
| Staff Costs Employee Benefits Expense | 4 211 826 | 4 317 091 | 4 797 926 | 4 630 527 |
| Taxation Including Deferred Taxation Balance Sheet Subtotal | 46 021 | 55 974 | 66 164 | 138 857 |
| Tax Expense Credit Applicable Tax Rate | 773 343 | 747 836 | 739 370 | 618 389 |
| Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss | 50 | 1 602 | ||
| Tax Tax Credit On Profit Or Loss On Ordinary Activities | 803 748 | 771 182 | 744 571 | 674 921 |
| Total Assets Less Current Liabilities | 21 728 686 | 22 238 438 | 19 730 479 | 21 282 188 |
| Total Borrowings | 1 100 000 | 935 000 | 770 000 | 605 000 |
| Total Operating Lease Payments | 201 648 | 204 963 | 220 549 | |
| Trade Creditors Trade Payables | 2 270 948 | 2 519 531 | 2 935 434 | 3 290 725 |
| Trade Debtors Trade Receivables | 1 129 380 | 855 809 | 797 872 | 980 176 |
| Transfers To From Retained Earnings Increase Decrease In Equity | -11 382 | -11 382 | -11 382 | -11 382 |
| Turnover Revenue | 40 367 679 | 37 308 933 | 40 009 447 | |
| Wages Salaries | 3 823 705 | 3 911 758 | 4 308 954 | 4 170 241 |
| Director Remuneration | 51 263 | 51 540 | 420 326 | 48 197 |
| Type | Category | Free download | |
|---|---|---|---|
| AA |
Full accounts for the period ending 2023/07/31 filed on: 16th, April 2024 |
accounts | Free Download (33 pages) |
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