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REGISTERED NUMBER: 07570728 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

SPEENGHAR (UK) LIMITED

SPEENGHAR (UK) LIMITED (REGISTERED NUMBER: 07570728)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SPEENGHAR (UK) LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTOR: B AHMAD





REGISTERED OFFICE: Unit 11 Cumberland Business Park
17 Cumberland Avenue
Park Royal
London
NW10 7RT





REGISTERED NUMBER: 07570728 (England and Wales)





ACCOUNTANTS: Samuelsons & Co
Chartered Certified Accountants
The Brentano Suite
Solar House
915 High Road
North Finchley
London
N12 8QJ

SPEENGHAR (UK) LIMITED (REGISTERED NUMBER: 07570728)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,403 9,379

CURRENT ASSETS
Stocks 5 632,000 675,000
Debtors 6 642,856 363,996
Cash at bank 13,955 14,795
1,288,811 1,053,791
CREDITORS
Amounts falling due within one year 7 251,106 163,855
NET CURRENT ASSETS 1,037,705 889,936
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,046,108

899,315

CAPITAL AND RESERVES
Called up share capital 8 2,000 2,000
Share premium 9 279,200 279,200
Retained earnings 9 764,908 618,115
SHAREHOLDERS' FUNDS 1,046,108 899,315

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 November 2023 and were signed by:



B AHMAD - Director


SPEENGHAR (UK) LIMITED (REGISTERED NUMBER: 07570728)

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


1. STATUTORY INFORMATION

Speenghar (UK) 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

SPEENGHAR (UK) LIMITED (REGISTERED NUMBER: 07570728)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 8,988 47,724 12,613 69,325
Additions - - 1,696 1,696
At 31 March 2023 8,988 47,724 14,309 71,021
DEPRECIATION
At 1 April 2022 7,451 40,260 12,235 59,946
Charge for year 384 1,911 377 2,672
At 31 March 2023 7,835 42,171 12,612 62,618
NET BOOK VALUE
At 31 March 2023 1,153 5,553 1,697 8,403
At 31 March 2022 1,537 7,464 378 9,379

5. STOCKS
31.3.23 31.3.22
£    £   
Finished goods 632,000 675,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 625,001 339,539
Amounts owed by group undertakings - 14,194
VAT 17,855 10,263
642,856 363,996

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors - 1,117
Tax 76,107 66,189
PAYE control 3,806 -
Directors' current accounts 169,193 94,549
Accrued expenses 2,000 2,000
251,106 163,855

SPEENGHAR (UK) LIMITED (REGISTERED NUMBER: 07570728)

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


8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
2,000 Ordinary £1 2,000 2,000

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2022 618,115 279,200 897,315
Profit for the year 166,793 166,793
Dividends (20,000 ) (20,000 )
At 31 March 2023 764,908 279,200 1,044,108