ALQASAM & CO. LIMITED

Company Registration Number:
SC430469 (Scotland)

Unaudited statutory accounts for the year ended 31 August 2023

Period of accounts

Start date: 01 September 2022

End date: 31 August 2023

ALQASAM & CO. LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2023

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 11

ALQASAM & CO. LIMITED

Company Information

for the Period Ended 31 August 2023




Director: MUHAMMAD YASIN
RASHIA YASIN
Registered office: 162
Darnley Street
Glasgow
G41 2LL
Company Registration Number: SC430469 (Scotland)

ALQASAM & CO. LIMITED

Directors' Report Period Ended 31 August 2023

The directors present their report with the financial statements of the company for the period ended 31 August 2023

Principal Activities

The company's principal activity during the period was that of a General Grocers.

Directors

The directors shown below have held office during the whole of the period from 01 September 2022 to 31 August 2023
MUHAMMAD YASIN
RASHIA YASIN

This report was approved by the board of directors on 22 September 2023
And Signed On Behalf Of The Board By:

Name: RASHIA YASIN
Status: Director

ALQASAM & CO. LIMITED

Balance sheet

As at 31 August 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 5 36,233 36,233
Tangible assets: 6 22,095 24,550
Total fixed assets: 58,328 60,783
Current assets
Stocks: 36,500 30,820
Cash at bank and in hand: 6,858 10,536
Total current assets: 43,358 41,356
Creditors: amounts falling due within one year: 7 ( 39,242 ) ( 39,970 )
Net current assets (liabilities): 4,116 1,386
Total assets less current liabilities: 62,444 62,169
Creditors: amounts falling due after more than one year: 8 ( 24,500 ) ( 31,500 )
Total net assets (liabilities): 37,944 30,669

The notes form part of these financial statements

ALQASAM & CO. LIMITED

Balance sheet continued

As at 31 August 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 37,844 30,569
Shareholders funds: 37,944 30,669

For the year ending 31 August 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 22 September 2023
And Signed On Behalf Of The Board By:

Name: RASHIA YASIN
Status: Director

The notes form part of these financial statements

ALQASAM & CO. LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

ALQASAM & CO. LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 6 5

ALQASAM & CO. LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 3. Off balance sheet disclosure

    No

ALQASAM & CO. LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Dividends


2023
£

2022
£
Dividends paid 14,000

ALQASAM & CO. LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

5. Intangible assets

Goodwill Total
Cost £ £
At 01 September 2022 36,233 36,233
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 August 2023 36,233 36,233
Amortisation
Amortisation at 01 September 2022 - -
Charge for year - -
On disposals - -
Other adjustments - -
Amortisation at 31 August 2023 - -
Net book value
Net book value at 31 August 2023 36,233 36,233
Net book value at 31 August 2022 36,233 36,233

ALQASAM & CO. LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

6. Tangible assets

Fixtures & fittings Motor vehicles Total
Cost £ £ £
At 01 September 2022 12,914 23,387 36,301
Additions - - -
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 August 2023 12,914 23,387 36,301
Depreciation
At 01 September 2022 7,307 4,444 11,751
Charge for year 561 1,894 2,455
On disposals - - -
Other adjustments - - -
At 31 August 2023 7,868 6,338 14,206
Net book value
At 31 August 2023 5,046 17,049 22,095
At 31 August 2022 5,607 18,943 24,550

ALQASAM & CO. LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

7.Creditors: amounts falling due within one year note


2023
£

2022
£
Trade creditors 3,808 619
Taxation and social security 6,438 7,570
Accruals and deferred income 1,350 1,170
Other creditors 27,646 30,611
Total 39,242 39,970

ALQASAM & CO. LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

8.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 24,500 31,500
Total 24,500 31,500