Company Registration No. 04446531 (England and Wales)
Cora Sheibani Ltd
Unaudited accounts
for the year ended 31 May 2023
Cora Sheibani Ltd
Unaudited accounts
Contents
Cora Sheibani Ltd
Company Information
for the year ended 31 May 2023
Company Number
04446531 (England and Wales)
Registered Office
37 Bruton Place
London
W1J 6NU
England
Cora Sheibani Ltd
Statement of financial position
as at 31 May 2023
Tangible assets
8,021
10,988
Inventories
765,969
745,675
Cash at bank and in hand
10,308
39,388
Creditors: amounts falling due within one year
(14,685)
(12,034)
Net current assets
792,893
795,037
Total assets less current liabilities
800,914
806,025
Creditors: amounts falling due after more than one year
(755,681)
(732,331)
Called up share capital
100
100
Profit and loss account
45,133
73,594
Shareholders' funds
45,233
73,694
For the year ending 31 May 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 15 November 2023 and were signed on its behalf by
Mrs C Sheibani
Director
Company Registration No. 04446531
Cora Sheibani Ltd
Notes to the Accounts
for the year ended 31 May 2023
Cora Sheibani Ltd is a private company, limited by shares, registered in England and Wales, registration number 04446531. The registered office is 37 Bruton Place, London, W1J 6NU, England.
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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.
These financial statements for the year ended 31 May 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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
25% straight line
Computer equipment
33.33% straight line
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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Cora Sheibani Ltd
Notes to the Accounts
for the year ended 31 May 2023
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Total
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Average number of employees
During the year the average number of employees was 4 (2022: 3).