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REGISTERED NUMBER: 11972611 (England and Wales)





























Unaudited Financial Statements for the Year Ended 31 May 2023

for

S Akhtar and Associates Limited

S Akhtar and Associates Limited (Registered number: 11972611)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


S Akhtar and Associates Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: S Akhtar
Mrs D M Akhtar



REGISTERED OFFICE: Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



REGISTERED NUMBER: 11972611 (England and Wales)



ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



BANKERS: HSBC

S Akhtar and Associates Limited (Registered number: 11972611)

Balance Sheet
31 May 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 56,790 2,893

CURRENT ASSETS
Debtors 5 27,015 21,547
Cash at bank 169,419 87,906
196,434 109,453
CREDITORS
Amounts falling due within one year 6 (150,761 ) (73,020 )
NET CURRENT ASSETS 45,673 36,433
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,463

39,326

PROVISIONS FOR LIABILITIES 7 (13,350 ) -
NET ASSETS 89,113 39,326

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 89,013 39,226
SHAREHOLDERS' FUNDS 89,113 39,326

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by:



S Akhtar - Director


S Akhtar and Associates Limited (Registered number: 11972611)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

S Akhtar and Associates 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.

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.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 2 (2022 - 1 ) .

S Akhtar and Associates Limited (Registered number: 11972611)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 4,903 2,597 - 235 7,735
Additions - - 62,490 - 62,490
At 31 May 2023 4,903 2,597 62,490 235 70,225
DEPRECIATION
At 1 June 2022 3,063 1,622 - 157 4,842
Charge for year 460 244 7,811 78 8,593
At 31 May 2023 3,523 1,866 7,811 235 13,435
NET BOOK VALUE
At 31 May 2023 1,380 731 54,679 - 56,790
At 31 May 2022 1,840 975 - 78 2,893

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 27,015 21,352
Prepayments - 195
27,015 21,547

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 948 -
Tax 4,213 2,141
Social security and other taxes 17,331 -
Directors' loan accounts 127,039 69,709
Accruals and deferred income 1,230 1,170
150,761 73,020

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 13,350 -

Deferred
tax
£   
Charge to Statement of Income and Retained Earnings during year 13,350
Balance at 31 May 2023 13,350

S Akhtar and Associates Limited (Registered number: 11972611)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100