FAHAD ATTAR LTD
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Company registration number 07115033
Date
Approval date of the accounts by the board 08/01/2024
Date
Date of signing on the audit/accountants report 08/01/2024
Date of engagement letter (required for Date
CA and ACCA reports)
Person signing directors' report:
Name of director Dr Fahad Attar
Or, name of secretary
Name of director signing balance sheet Dr Fahad Attar
Address of registered office:
Address line 1 Suite 2 Parkway 5
Address line 2 300 Princess Road
City or town Manchester
County or region England
Postcode M14 7HR
Name of auditors/accountants Clearcut Accounting
Type of firm (eg Chartered Accountants) Accountants and Tax Advisers
Address of auditors/accountants
Address line 1 Suite 2 Parkway 5
Address line 2 Parkway Business Centre
City or town 300 Princess Road
County or region Manchester
Postcode M14 7HR
Prior year adjustments (+ for a gain; - for a loss) £
Correction of prior year errors
Effect of retrospective changes in accounting policies
More info on prior year adjustments
Number Number
Average number of persons employed by the company 3 2
Registered number
07115033
FAHAD ATTAR LTD
Filleted Accounts
31 January 2023
FAHAD ATTAR LTD
Registered number: 07115033
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 167,889 168,240
Current assets
Debtors 4 98,564 60,943
Investments held as current assets 5 5,000 5,000
Cash at bank and in hand 1,472 555
105,036 66,498
Creditors: amounts falling due within one year 6 (62,043) (36,322)
Net current assets 42,993 30,176
Total assets less current liabilities 210,882 198,416
Creditors: amounts falling due after more than one year 7 (47,234) (47,234)
Net assets 163,648 151,182
Capital and reserves
Called up share capital 100 100
Profit and loss account 163,548 151,082
Shareholders' funds 163,648 151,182
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr Fahad Attar
Director
Approved by the board on 8 January 2024
FAHAD ATTAR LTD
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings 50 Years
FA - Plant and Machinery over 33% SL
FA - Equipment, Fixtures & Fittings over 20% R.B
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Fixtures, fittings & equipment Total
£ £ £ £
Cost
At 1 February 2022 167,275 7,318 1,755 176,348
At 31 January 2023 167,275 7,318 1,755 176,348
Depreciation
At 1 February 2022 - 7,172 936 8,108
Charge for the year - 146 205 351
At 31 January 2023 - 7,318 1,141 8,459
Net book value
At 31 January 2023 167,275 - 614 167,889
At 31 January 2022 167,275 146 819 168,240
4 Debtors 2023 2022
£ £
Other debtors 98,564 60,943
5 Investments held as current assets 2023 2022
£ £
Fair value
Unlisted investments 5,000 5,000
6 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 2,290 (2,491)
Other creditors 59,753 38,813
62,043 36,322
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 47,234 47,234
8 Related party transactions
Included within other debtors is a balance of £54,519 (2018: £54,999), owing to the company from the director.
9 Controlling party
The director controls the company.
10 Other information
FAHAD ATTAR LTD is a private company limited by shares and incorporated in England. Its registered office is:
Suite 2 Parkway 5
300 Princess Road
Manchester
England
M14 7HR
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