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COMPANY REGISTRATION NUMBER: SC743081
MAHMOOD & ALI LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
5 April 2023
MAHMOOD & ALI LIMITED
FINANCIAL STATEMENTS
PERIOD FROM 1 SEPTEMBER 2022 TO 5 APRIL 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 3
MAHMOOD & ALI LIMITED
BALANCE SHEET
5 April 2023
5 Apr 23
Note
£
Current assets
Debtors
4
5,000
Cash at bank and in hand
369
------------
5,369
Creditors: amounts falling due within one year
5
( 4,570)
------------
Net current assets
799
------------
Total assets less current liabilities
799
------------
Net assets
799
------------
Capital and reserves
Called up share capital
6
3
Share premium account
499
Profit and loss account
297
------------
Shareholders funds
799
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the Period ending 5 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 24 April 2023 , and are signed on behalf of the board by:
Dr A Mahmood
Mr M I Ali
Director
Director
Company registration number: SC743081
MAHMOOD & ALI LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 1 SEPTEMBER 2022 TO 5 APRIL 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7 Raeside Way, Glasgow, G77 6YL, Scotland.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. xbrl "SageFunctionalPresentationCurrencyPolicy"]The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Debtors
5 Apr 23
£
Trade debtors
5,000
------------
5. Creditors: amounts falling due within one year
5 Apr 23
£
Accruals and deferred income
600
Corporation tax
3,660
Director loan accounts
310
------------
4,570
------------
6. Called up share capital
Issued, called up and fully paid
5 Apr 23
No.
£
Ordinary shares of £ 1 each
2
2
Ordinary B shares of £ 1 each
1
1
------------
------------
3
3
------------
------------
During the period 3 shares were issued fully paid for an aggregate cash contributions of £502.
7. Related party transactions
The director's loan account set out at note 7 above is unsecured, repayable on demand and currently interest-free. The company is controlled by the directors.