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Company Registration No. 11509521 (England and Wales)
Ihsaan Development Ltd Unaudited accounts for the year ended 31 August 2023
Ihsaan Development Ltd Unaudited accounts Contents
Page
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Ihsaan Development Ltd Company Information for the year ended 31 August 2023
Directors
Mr Bumadin Syed Hayath Mrs Runa Begum
Company Number
11509521 (England and Wales)
Registered Office
23 Elmwood Avenue Borehamwood WD6 1SY United Kingdom
Accountants
Sigma Chartered Accountants J O Hunter House 409 Bradford Road Huddersfield West Yorkshire HD2 2RB
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Ihsaan Development Ltd for the year ended 31 August 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ihsaan Development Ltd for the year ended 31 August 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Sigma Chartered Accountants Chartered Accountants J O Hunter House 409 Bradford Road Huddersfield West Yorkshire HD2 2RB 9 February 2024
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Ihsaan Development Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
842 
1,205 
Current assets
Debtors
1,157 
265 
Cash at bank and in hand
23,532 
45,864 
24,689 
46,129 
Creditors: amounts falling due within one year
(25,346)
(27,497)
Net current (liabilities)/assets
(657)
18,632 
Total assets less current liabilities
185 
19,837 
Provisions for liabilities
Deferred tax
(181)
(229)
Net assets
4 
19,608 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
- 
19,604 
Shareholders' funds
4 
19,608 
For the year ending 31 August 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 directors acknowledge their 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 of Directors and authorised for issue on 9 February 2024 and were signed on its behalf by
Mr Bumadin Syed Hayath Director Company Registration No. 11509521
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Ihsaan Development Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Ihsaan Development Ltd is a private company, limited by shares, registered in England and Wales, registration number 11509521. The registered office is 23 Elmwood Avenue, Borehamwood, WD6 1SY, 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:
Computer equipment
25% on cost
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 September 2022
2,789 
Additions
432 
At 31 August 2023
3,221 
Depreciation
At 1 September 2022
1,584 
Charge for the year
795 
At 31 August 2023
2,379 
Net book value
At 31 August 2023
842 
At 31 August 2022
1,205 
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Ihsaan Development Ltd Notes to the Accounts for the year ended 31 August 2023
5
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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