Company Registration No. 10203506 (England and Wales)
AZAD HOLDINGS LIMITED
Unaudited accounts
for the year ended 31 May 2023
AZAD HOLDINGS LIMITED
Unaudited accounts
Contents
AZAD HOLDINGS LIMITED
Company Information
for the year ended 31 May 2023
Company Number
10203506 (England and Wales)
Registered Office
334c Ley Street
Ilford
Essex
IG1 4AF
England
Accountants
The Finance Equation Ltd
334 Ley Street
Ilford
England
IG1 4AF
AZAD HOLDINGS LIMITED
Statement of financial position
as at 31 May 2023
Tangible assets
2,100,124
2,100,124
Cash at bank and in hand
68,429
241,263
Creditors: amounts falling due within one year
-
(1,032,682)
Net current assets/(liabilities)
118,429
(734,450)
Total assets less current liabilities
2,218,553
1,365,674
Creditors: amounts falling due after more than one year
(2,113,299)
(1,265,371)
Provisions for liabilities
Deferred tax
(46,133)
(46,133)
Called up share capital
1
1
Revaluation reserve
397,438
397,438
Profit and loss account
(338,318)
(343,269)
Shareholders' funds
59,121
54,170
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 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 14 February 2024 and were signed on its behalf by
Mr Abdul Azad
Director
Company Registration No. 10203506
AZAD HOLDINGS LIMITED
Notes to the Accounts
for the year ended 31 May 2023
AZAD HOLDINGS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10203506. The registered office is 334c Ley Street, Ilford, Essex, IG1 4AF, England.
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.
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.
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.
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:
4
Tangible fixed assets
Land & buildings
Amounts falling due within one year
Other debtors
50,000
56,969
AZAD HOLDINGS LIMITED
Notes to the Accounts
for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
200,000
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
1,465,371
1,265,371
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).