Company registration number 10489058 (England and Wales)
ANSA USMAN LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
ANSA USMAN LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
ANSA USMAN LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
202,437
219,167
Current assets
Stocks
3,513
8,000
Debtors
4
845,538
164,139
Cash at bank and in hand
230,815
718,843
1,079,866
890,982
Creditors: amounts falling due within one year
5
(157,662)
(177,644)
Net current assets
922,204
713,338
Total assets less current liabilities
1,124,641
932,505
Creditors: amounts falling due after more than one year
6
-
0
(45,295)
Provisions for liabilities
(28,932)
(29,521)
Net assets
1,095,709
857,689
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
1,095,609
857,589
Total equity
1,095,709
857,689

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

ANSA USMAN LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2023
31 March 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 27 October 2023 and are signed on its behalf by:
Dr A  Akram
Dr S U Ejaz
Director
Director
Company registration number 10489058 (England and Wales)
ANSA USMAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
1
Accounting policies
Company information

Ansa Usman Limited is a private company limited by shares incorporated in England and Wales. The registered office is 8 Sand Grove, Exeter, Devon, EX2 7SF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
Over the term of the lease
Dental equipment
10% per annum on cost
Fixtures and fittings
20% per annum on cost
IT equipment
25% per annum on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

ANSA USMAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 4 -
1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.7
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
11
9
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2022
164,432
147,025
311,457
Additions
-
0
35,934
35,934
Disposals
-
0
(28,079)
(28,079)
At 31 March 2023
164,432
154,880
319,312
Depreciation and impairment
At 1 April 2022
48,401
43,889
92,290
Depreciation charged in the year
16,450
16,559
33,009
Eliminated in respect of disposals
-
0
(8,424)
(8,424)
At 31 March 2023
64,851
52,024
116,875
Carrying amount
At 31 March 2023
99,581
102,856
202,437
At 31 March 2022
116,031
103,136
219,167
ANSA USMAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 5 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
154,022
77,846
Other debtors
691,516
86,293
845,538
164,139
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
1,394
-
0
Trade creditors
17,548
16,910
Taxation and social security
73,024
88,259
Other creditors
65,696
72,475
157,662
177,644

Included within other creditors is a hire purchase liability of £45,296 (2022: £46,752) upon which security has been provided by way of a personal guarantee from a director.

6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
-
0
45,295

Included within other creditors is a hire purchase liability of £Nil (2022: £45,295) upon which security has been provided by way of a personal guarantee from a director.

7
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2023
2022
£
£
155,218
92,400
ANSA USMAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 6 -
8
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Two directors
2.00
77,749
56,282
1,033
(57,749)
77,315
77,749
56,282
1,033
(57,749)
77,315

The loan to the directors was unsecured and repayable on demand.

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