Company registration number 13540872 (England and Wales)
DR AHMED LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
DR AHMED LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
DR AHMED LTD
BALANCE SHEET
AS AT
31 JULY 2023
31 July 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,050
1,474
Current assets
Debtors
4
7,573
11,654
Cash at bank and in hand
44,984
39,746
52,557
51,400
Creditors: amounts falling due within one year
5
(23,078)
(23,635)
Net current assets
29,479
27,765
Net assets
32,529
29,239
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
32,429
29,139
Total equity
32,529
29,239

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 16 November 2023
Dr Syed Ahmed
Director
Company Registration No. 13540872
DR AHMED LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
- 2 -
1
Accounting policies
Company information

Dr Ahmed Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 42 Dewsbury Grove, Birmingham, West Midlands, UK, B42 2ND.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

 

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
18% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DR AHMED LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and equipment
£
Cost
At 1 August 2022
1,797
Additions
2,246
At 31 July 2023
4,043
Depreciation and impairment
At 1 August 2022
323
Depreciation charged in the year
670
At 31 July 2023
993
Carrying amount
At 31 July 2023
3,050
At 31 July 2022
1,474
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
7,073
10,530
Other debtors
500
1,124
7,573
11,654
5
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
21,811
21,267
Other taxation and social security
638
159
Other creditors
629
2,209
23,078
23,635
DR AHMED LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 4 -
6
Ultimate Controlling Party

The ultimate controlling party is Dr Syed Ahmed.

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