Samran Business Services Ltd
Registered number: 09411769
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,836 906
1,836 906
Current assets
Debtors 4 32,581 48,057
Cash at bank and in hand - -
32,581 48,057
Creditors: amounts falling due within one year 5 (81,994) (60,677)
Net current liabilities (49,413) (12,620)
Total assets less current liabilities (47,577) (11,714)
Creditors: amounts falling due after more than one year 6 (34,953) (40,845)
Net liabilities (82,530) (52,559)
Capital and reserves
Called up share capital 1 1
Profit and loss account (82,531) (52,560)
Shareholders' funds (82,530) (52,559)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Syed Abdul Moeed Hussain Hashmi
Director
Approved by the board on 16 August 2023
-
Samran Business Services Ltd
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Computers & equipments Total
£ £
Cost
At 1 February 2022 1,921 1,921
Additions 1,333 1,333
At 31 January 2023 3,254 3,254
Depreciation
At 1 February 2022 1,015 1,015
Charge for the year 403 403
At 31 January 2023 1,418 1,418
Net book value
At 31 January 2023 1,836 1,836
At 31 January 2022 906 906
4 Debtors 2023 2022
£ £
Trade debtors 9,339 16,686
Other debtors 23,242 31,371
32,581 48,057
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 5,912 5,940
VAT payable 51,288 34,809
Net wages 9,771 7,514
Corporation tax 9,631 9,631
Other taxes and social security costs 5,108 2,641
Other creditors 284 142
81,994 60,677
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 34,953 40,845
34,953 40,845
7 Controlling party
Mr Syed Abdul Moeed Hussain Hashmi is the controlling party by holding the 100% shares of the company. Director loan accounts balnace was £22,590 as on 31 January 2023. The director has confirmed that the loan will be adjusted within 31 October 2023.
8 Other information
Samran Business Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
3, Old Highwayman Place
Petersfield rise
London
SW15 4BF
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