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Company Registration No. 11215947 (England and Wales)
SALEEMI ENTERPRISE LTD Unaudited accounts for the year ended 28 February 2023
SALEEMI ENTERPRISE LTD Unaudited accounts Contents
Page
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SALEEMI ENTERPRISE LTD Company Information for the year ended 28 February 2023
Director
MUHAMMAD JAWAD SALEEMI
Company Number
11215947 (England and Wales)
Registered Office
12 VALLEY VIEW BURY BL8 1WN UNITED KINGDOM
Accountants
The Taxcom Accountants LLP 109 CHEETHAM HILL ROAD MANCHESTER M8 8PY
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SALEEMI ENTERPRISE LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
555,942 
500,014 
Current assets
Cash at bank and in hand
218,137 
6,785 
Creditors: amounts falling due within one year
(364,540)
(410,536)
Net current liabilities
(146,403)
(403,751)
Total assets less current liabilities
409,539 
96,263 
Creditors: amounts falling due after more than one year
(399,186)
(107,560)
Provisions for liabilities
Deferred tax
(4,982)
- 
Net assets/(liabilities)
5,371 
(11,297)
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
21,238 
- 
Profit and loss account
(15,967)
(11,397)
Shareholders' funds
5,371 
(11,297)
For the year 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 director acknowledges his 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 and authorised for issue on 27 November 2023 and were signed on its behalf by
MUHAMMAD JAWAD SALEEMI Director Company Registration No. 11215947
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SALEEMI ENTERPRISE LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
SALEEMI ENTERPRISE LTD is a private company, limited by shares, registered in England and Wales, registration number 11215947. The registered office is 12 VALLEY VIEW, BURY, BL8 1WN, UNITED KINGDOM.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Deferred taxation
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.
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SALEEMI ENTERPRISE LTD Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At valuation 
At 1 March 2022
500,014 
Additions
31,429 
Revaluations
24,499 
At 28 February 2023
555,942 
Depreciation
At 28 February 2023
- 
Net book value
At 28 February 2023
555,942 
At 28 February 2022
500,014 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
1,500 
- 
Other creditors
3,485 
600 
Loans from directors
359,555 
409,936 
364,540 
410,536 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
399,186 
107,560 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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