Registered number
12888708
NAZIM HAKIM LTD
Filleted Accounts
30 September 2023
NAZIM HAKIM LTD
Registered number: 12888708
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,018 1,161
Current assets
Debtors 4 1,294 17,132
Cash at bank and in hand 845 35,789
2,139 52,921
Creditors: amounts falling due within one year 5 (4,512) (39,409)
Net current (liabilities)/assets (2,373) 13,512
Total assets less current liabilities (1,355) 14,673
Creditors: amounts falling due after more than one year 6 (632) -
Net (liabilities)/assets (1,987) 14,673
Capital and reserves
Called up share capital 100 100
Profit and loss account (2,087) 14,573
Shareholder's funds (1,987) 14,673
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
NAZIM HAKIM
Director
Approved by the board on 10 November 2023
NAZIM HAKIM LTD
Notes to the Accounts
for the year ended 30 September 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 (as applied to small entities by section 1A of the standard).
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 10 years
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 October 2022 1,429
At 30 September 2023 1,429
Depreciation
At 1 October 2022 268
Charge for the year 143
At 30 September 2023 411
Net book value
At 30 September 2023 1,018
At 30 September 2022 1,161
4 Debtors 2023 2022
£ £
Trade debtors 1,294 16,935
Other debtors - 197
1,294 17,132
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 3,984 8,905
Other creditors 528 30,504
4,512 39,409
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 632 -
7 Controlling party
The company is under the full control of the Director by virtue of him owning the fully issued share capital.
8 Other information
NAZIM HAKIM LTD is a private company limited by shares and incorporated in England. Its registered office is:
14 HOWCROFT CLOSE
BOLTON
BL1 2XW
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