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REGISTERED NUMBER: 06237947 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Ash Shifa Limited

Ash Shifa Limited (Registered number: 06237947)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ash Shifa Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: M Rafiq
K R Qamar





SECRETARY: Mrs B Qamar





REGISTERED OFFICE: 23 Churchlane
Pudsey
Leeds
West Yorkshire
LS28 7LD





REGISTERED NUMBER: 06237947 (England and Wales)





ACCOUNTANTS: Isaacs
Trust House
St James Business Park
5 New Augustus Street
Bradford
West Yorkshire
BD1 5LL

Ash Shifa Limited (Registered number: 06237947)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 277,597 275,815
277,597 275,815

CURRENT ASSETS
Stocks 39,640 38,750
Debtors 6 535,832 445,683
Cash at bank and in hand 212,995 228,461
788,467 712,894
CREDITORS
Amounts falling due within one year 7 320,756 250,121
NET CURRENT ASSETS 467,711 462,773
TOTAL ASSETS LESS CURRENT
LIABILITIES

745,308

738,588

PROVISIONS FOR LIABILITIES 5,262 3,605
NET ASSETS 740,046 734,983

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 739,946 734,883
SHAREHOLDERS' FUNDS 740,046 734,983

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Ash Shifa Limited (Registered number: 06237947)

Balance Sheet - continued
31 October 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 14 March 2024 and were signed on its behalf by:




K R Qamar - Director



M Rafiq - Director


Ash Shifa Limited (Registered number: 06237947)

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


1. STATUTORY INFORMATION

Ash Shifa 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Ash Shifa Limited (Registered number: 06237947)

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


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 140,000
AMORTISATION
At 1 November 2022
and 31 October 2023 140,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

Ash Shifa Limited (Registered number: 06237947)

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


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 255,209 82,909 8,670 39,934 386,722
Additions - - - 8,179 8,179
At 31 October 2023 255,209 82,909 8,670 48,113 394,901
DEPRECIATION
At 1 November 2022 - 66,911 8,100 35,896 110,907
Charge for year - 3,199 143 3,055 6,397
At 31 October 2023 - 70,110 8,243 38,951 117,304
NET BOOK VALUE
At 31 October 2023 255,209 12,799 427 9,162 277,597
At 31 October 2022 255,209 15,998 570 4,038 275,815

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 189,079 152,089
Other debtors 346,753 293,594
535,832 445,683

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 152,011 101,775
Taxation and social security 36,697 32,624
Other creditors 132,048 115,722
320,756 250,121