Registered number
12032982
FARAZ A KHAN LOCUM LTD
Filleted Accounts
31 March 2023
FARAZ A KHAN LOCUM LTD
Registered number: 12032982
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 254 339
Current assets
Debtors 4 1,418 1,502
Cash at bank and in hand 13,766 5,591
15,184 7,093
Creditors: amounts falling due within one year 5 (3,087) (1,015)
Net current assets 12,097 6,078
Total assets less current liabilities 12,351 6,417
Creditors: amounts falling due after more than one year 6 (1,125) (5,257)
Net assets 11,226 1,160
Capital and reserves
Called up share capital 100 100
Profit and loss account 11,126 1,060
Shareholder's funds 11,226 1,160
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.
FARAZ ALI KHAN
Director
Approved by the board on 31 October 2023
FARAZ A KHAN LOCUM LTD
Notes to the Accounts
for the year ended 31 March 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
Fixtures, fittings, tools and equipment 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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 April 2022 850
At 31 March 2023 850
Depreciation
At 1 April 2022 511
Charge for the year 85
At 31 March 2023 596
Net book value
At 31 March 2023 254
At 31 March 2022 339
4 Debtors 2023 2022
£ £
Trade debtors 1,418 1,502
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation Tax 2,583 535
Other creditors 504 480
3,087 1,015
6 Creditors: amounts falling due after one year 2023 2022
£ £
Directors Loan 1,125 5,257
7 Other information
FARAZ A KHAN LOCUM LTD is a private company limited by shares and incorporated in England. Its registered office is:
129 HEATH ROAD
HOUNSLOW
MIDDLESEX
TW3 2NR
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