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REGISTERED NUMBER: 02709942 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

ABDULLAH & SONS CO. LIMITED

ABDULLAH & SONS CO. LIMITED (REGISTERED NUMBER: 02709942)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABDULLAH & SONS CO. LIMITED

COMPANY INFORMATION
for the year ended 31 October 2022







DIRECTORS: H A G Assyied
A P Yafai





SECRETARY: A P Yafai





REGISTERED OFFICE: 3 Taunton Road
Sparkbrook
Birmingham
West Midlands
B12 8DQ





REGISTERED NUMBER: 02709942 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

ABDULLAH & SONS CO. LIMITED (REGISTERED NUMBER: 02709942)

BALANCE SHEET
31 October 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 812,810 847,167

CURRENT ASSETS
Stocks 275,525 262,448
Debtors 5 50,202 57,364
Cash at bank and in hand 648,503 864,999
974,230 1,184,811
CREDITORS
Amounts falling due within one year 6 711,684 870,049
NET CURRENT ASSETS 262,546 314,762
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,075,356

1,161,929

CREDITORS
Amounts falling due after more than one
year

7

(105,028

)

(176,039

)

PROVISIONS FOR LIABILITIES (90,094 ) (90,094 )
NET ASSETS 880,234 895,796

CAPITAL AND RESERVES
Called up share capital 9 60,000 60,000
Revaluation reserve 632,436 632,436
Capital redemption reserve 20,000 20,000
Retained earnings 167,798 183,360
SHAREHOLDERS' FUNDS 880,234 895,796

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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.

ABDULLAH & SONS CO. LIMITED (REGISTERED NUMBER: 02709942)

BALANCE SHEET - continued
31 October 2022


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 16 October 2023 and were signed on its behalf by:




A P Yafai - Director



H A G Assyied - Director


ABDULLAH & SONS CO. LIMITED (REGISTERED NUMBER: 02709942)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2022

1. STATUTORY INFORMATION

Abdullah & Sons Co. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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.
Freehold property - 5% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 year 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

ABDULLAH & SONS CO. LIMITED (REGISTERED NUMBER: 02709942)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2022

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2021 - 21 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 November 2021 821,000 24,700 62,602 26,000 934,302
Additions 7,547 - 4,748 - 12,295
At 31 October 2022 828,547 24,700 67,350 26,000 946,597
DEPRECIATION
At 1 November 2021 - 18,786 55,793 12,556 87,135
Charge for year 41,050 887 1,354 3,361 46,652
At 31 October 2022 41,050 19,673 57,147 15,917 133,787
NET BOOK VALUE
At 31 October 2022 787,497 5,027 10,203 10,083 812,810
At 31 October 2021 821,000 5,914 6,809 13,444 847,167

Cost or valuation at 31 October 2022 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2021 474,178 - - - 474,178
Cost 354,369 24,700 67,350 26,000 472,419
828,547 24,700 67,350 26,000 946,597

ABDULLAH & SONS CO. LIMITED (REGISTERED NUMBER: 02709942)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2022

4. TANGIBLE FIXED ASSETS - continued

If freehold property had not been revalued it would have been included at the following historical cost:

2022 2021
£    £   
Cost 346,822 346,822
Aggregate depreciation 248,352 248,352

Freehold property was revalued by the directors at the balance sheet date.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 18,568 45,783
Other debtors 31,634 11,581
50,202 57,364

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 288,035 496,854
Taxation and social security 122,642 77,144
Other creditors 301,007 296,051
711,684 870,049

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Other creditors 105,028 176,039

8. LOANS

An analysis of the maturity of loans is given below:

2022 2021
£    £   
Amounts falling due within one year or on demand:
Other loans 71,011 43,961

Amounts falling due between one and two years:
Other loans - 1-2 years 77,596 71,011

Amounts falling due between two and five years:
Other loans - 2-5 years 27,432 105,028

ABDULLAH & SONS CO. LIMITED (REGISTERED NUMBER: 02709942)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2022

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
60,000 Ordinary £1 60,000 60,000