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REGISTERED NUMBER: 05178657 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Labbaik Limited

Labbaik Limited (Registered number: 05178657)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Labbaik Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Hifzur Rahman Chowdhury
Arosh Ali





SECRETARY: Arosh Ali





REGISTERED OFFICE: 80 Ben Johnson Road
London
E1 3NN





REGISTERED NUMBER: 05178657 (England and Wales)





ACCOUNTANTS: Ahmed & Co
284 Station Road
Harrow
Middlesex
HA1 2EA

Labbaik Limited (Registered number: 05178657)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,666 5,833

CURRENT ASSETS
Debtors 5 259,478 236,947
Cash at bank and in hand 212,022 237,984
471,500 474,931
CREDITORS
Amounts falling due within one year 6 237,092 250,459
NET CURRENT ASSETS 234,408 224,472
TOTAL ASSETS LESS CURRENT
LIABILITIES

239,074

230,305

CREDITORS
Amounts falling due after more than one year 7 (22,489 ) (31,567 )

PROVISIONS FOR LIABILITIES (831 ) (5,777 )
NET ASSETS 215,754 192,961

CAPITAL AND RESERVES
Called up share capital 40,000 40,000
Retained earnings 175,754 152,961
SHAREHOLDERS' FUNDS 215,754 192,961

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 directors acknowledge their 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.

Labbaik Limited (Registered number: 05178657)

Balance Sheet - continued
31 March 2023


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 Board of Directors and authorised for issue on 24 June 2023 and were signed on its behalf by:





Hifzur Rahman Chowdhury - Director


Labbaik Limited (Registered number: 05178657)

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

1. STATUTORY INFORMATION

Labbaik 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.
Plant and machinery - 20% on reducing balance

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 4 (2022 - 4 ) .

Labbaik Limited (Registered number: 05178657)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2022
and 31 March 2023 25,869
DEPRECIATION
At 1 April 2022 20,036
Charge for year 1,167
At 31 March 2023 21,203
NET BOOK VALUE
At 31 March 2023 4,666
At 31 March 2022 5,833

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 197,835 184,434
Other debtors 11,643 2,513
209,478 186,947

Amounts falling due after more than one year:
Other debtors 50,000 50,000

Aggregate amounts 259,478 236,947

Other debtors falling due after more than one year represents the bond deposit with Biman Bangladesh Airlines.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,900 10,615
Trade creditors 90,994 182,207
Taxation and social security 4,572 3,113
Other creditors 131,626 54,524
237,092 250,459

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 22,489 31,567

Labbaik Limited (Registered number: 05178657)

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

8. ULTIMATE CONTROLLING PARTY

The company is fully owned and controlled by the directors.