IRIS Accounts Production v23.1.0.753 SC355228 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC3552282022-03-31SC3552282023-03-31SC3552282022-04-012023-03-31SC3552282021-03-31SC3552282021-04-012022-03-31SC3552282022-03-31SC355228ns16:Scotland2022-04-012023-03-31SC355228ns15:PoundSterling2022-04-012023-03-31SC355228ns11:Director12022-04-012023-03-31SC355228ns11:PrivateLimitedCompanyLtd2022-04-012023-03-31SC355228ns11:SmallEntities2022-04-012023-03-31SC355228ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-31SC355228ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-31SC355228ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-31SC355228ns11:FullAccounts2022-04-012023-03-31SC35522812022-04-012023-03-31SC355228ns11:OrdinaryShareClass12022-04-012023-03-31SC355228ns11:Director22022-04-012023-03-31SC355228ns11:Director32022-04-012023-03-31SC355228ns11:Director42022-04-012023-03-31SC355228ns11:RegisteredOffice2022-04-012023-03-31SC355228ns6:CurrentFinancialInstruments2023-03-31SC355228ns6:CurrentFinancialInstruments2022-03-31SC355228ns6:Non-currentFinancialInstruments2023-03-31SC355228ns6:Non-currentFinancialInstruments2022-03-31SC355228ns6:ShareCapital2023-03-31SC355228ns6:ShareCapital2022-03-31SC355228ns6:RetainedEarningsAccumulatedLosses2023-03-31SC355228ns6:RetainedEarningsAccumulatedLosses2022-03-31SC355228ns6:NetGoodwill2022-04-012023-03-31SC355228ns6:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-31SC355228ns6:FurnitureFittings2022-04-012023-03-31SC355228ns6:MotorVehicles2022-04-012023-03-31SC355228ns6:NetGoodwill2022-03-31SC355228ns6:NetGoodwill2023-03-31SC355228ns6:NetGoodwill2022-03-31SC355228ns6:FurnitureFittings2022-03-31SC355228ns6:MotorVehicles2022-03-31SC355228ns6:FurnitureFittings2023-03-31SC355228ns6:MotorVehicles2023-03-31SC355228ns6:FurnitureFittings2022-03-31SC355228ns6:MotorVehicles2022-03-31SC355228ns6:CostValuation2022-03-31SC355228ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-31SC355228ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31SC355228ns11:OrdinaryShareClass12023-03-31SC355228ns6:RetainedEarningsAccumulatedLosses2022-03-31SC355228ns6:RetainedEarningsAccumulatedLosses2022-04-012023-03-31
REGISTERED NUMBER: SC355228 (Scotland)















Unaudited Financial Statements For The Year Ended 31 March 2023

for

Hayat Brothers Ltd

Hayat Brothers Ltd (Registered number: SC355228)






Contents of the Financial Statements
For The Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hayat Brothers Ltd

Company Information
For The Year Ended 31 March 2023







DIRECTORS: M Hayat
N Hayat
A Hayat
A Hayat





REGISTERED OFFICE: 7-12
Happyhillock Shopping Centre
Dundee
DD4 8LS





REGISTERED NUMBER: SC355228 (Scotland)





ACCOUNTANTS: Ahmad & Nabi Mcmullan
95-107 Lancefield Street
Glasgow
Lanarkshire
G3 8HZ

Hayat Brothers Ltd (Registered number: SC355228)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 91,770 91,770
Tangible assets 5 72,873 65,883
Investments 6 182,500 182,500
347,143 340,153

CURRENT ASSETS
Stocks 896,150 583,975
Debtors 7 95,000 80,206
Cash at bank and in hand 45,966 196,892
1,037,116 861,073
CREDITORS
Amounts falling due within one year 8 692,619 457,504
NET CURRENT ASSETS 344,497 403,569
TOTAL ASSETS LESS CURRENT
LIABILITIES

691,640

743,722

CREDITORS
Amounts falling due after more than one year 9 162,500 245,833
NET ASSETS 529,140 497,889

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 11 528,140 496,889
SHAREHOLDERS' FUNDS 529,140 497,889

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Hayat Brothers Ltd (Registered number: SC355228)

Balance Sheet - continued
31 March 2023


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 1 June 2023 and were signed on its behalf by:





A Hayat - Director


Hayat Brothers Ltd (Registered number: SC355228)

Notes to the Financial Statements
For The Year Ended 31 March 2023

1. STATUTORY INFORMATION

Hayat Brothers Ltd is a private company, limited by shares , registered in Scotland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% 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.

Hayat Brothers Ltd (Registered number: SC355228)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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 19 (2022 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 91,770
NET BOOK VALUE
At 31 March 2023 91,770
At 31 March 2022 91,770

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2022 565,048 24,255 589,303
Additions 25,208 - 25,208
At 31 March 2023 590,256 24,255 614,511
DEPRECIATION
At 1 April 2022 501,679 21,741 523,420
Charge for year 17,715 503 18,218
At 31 March 2023 519,394 22,244 541,638
NET BOOK VALUE
At 31 March 2023 70,862 2,011 72,873
At 31 March 2022 63,369 2,514 65,883

Hayat Brothers Ltd (Registered number: SC355228)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 182,500
NET BOOK VALUE
At 31 March 2023 182,500
At 31 March 2022 182,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Pathmarket Ltd 95,000 65,000
AAA Hayat Ltd - 15,206
95,000 80,206

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Director's loan 399,184 279,052
Trade creditors 115,051 36,314
Tax 42,351 101,708
Pensions 402 -
PAYE 3,029 1,792
VAT 8,224 28,061
AAA Hayat Ltd 29,000 -
Bank loan due within one year 50,000 4,167
Accrued expenses 45,378 6,410
692,619 457,504

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loan due outwith one year 162,500 245,833

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1,000 ordinary 1 1,000 1,000

Hayat Brothers Ltd (Registered number: SC355228)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023

11. RESERVES
Retained
earnings
£   

At 1 April 2022 496,889
Profit for the year 211,251
Dividends (180,000 )
At 31 March 2023 528,140