Company Registration No. 13915395 (England and Wales)
Sehriaraz Ltd
Annual Accounts
for the period from 14 February 2022 to 28 February 2023
Sehriaraz Ltd
Annual Accounts
Contents
Sehriaraz Ltd
Company Information
for the period from 14 February 2022 to 28 February 2023
Directors
Mr M S Banaras
Mrs Z A Banaras
Company Number
13915395 (England and Wales)
Registered Office
8 Park Close
Batley
West Yorkshire
WF17 7JJ
Accountants
CGI Accountants Ltd
Branch House
31-33 Branch Road
Batley
West Yorkshire
WF17 5SB
Sehriaraz Ltd
Statement of financial position
as at 28 February 2023
Cash at bank and in hand
324
Creditors: amounts falling due within one year
(750)
Total assets less current liabilities
10,568
Creditors: amounts falling due after more than one year
(14,988)
Called up share capital
100
Profit and loss account
(4,520)
Shareholders' funds
(4,420)
For the period ending 28 February 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by
Mr M S Banaras
Director
Company Registration No. 13915395
Sehriaraz Ltd
Notes to the Accounts
for the period from 14 February 2022 to 28 February 2023
Sehriaraz Ltd is a private company, limited by shares, registered in England and Wales, registration number 13915395. The registered office is 8 Park Close, Batley, West Yorkshire, WF17 7JJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Sehriaraz Ltd
Notes to the Accounts
for the period from 14 February 2022 to 28 February 2023
4
Tangible fixed assets
Fixtures & fittings
5
Creditors: amounts falling due within one year
2023
6
Creditors: amounts falling due after more than one year
2023
Loans from directors
14,988
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
-
14,998
-
14,998
The controlling party were the Directors by virtue of them holding 100% of the issued share capital
9
Average number of employees
During the period the average number of employees was 1.