Registered number
11547883
BURRAQ KAREEM LIMITED
Filleted Accounts
30 September 2022
BURRAQ KAREEM LIMITED
Registered number: 11547883
Balance Sheet
as at 30 September 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 276,231 18,968
Current assets
Debtors 4 20,401 27,399
Cash at bank and in hand 7,002 80
27,403 27,479
Creditors: amounts falling due within one year 5 (128,289) (200)
Net current (liabilities)/assets (100,886) 27,279
Total assets less current liabilities 175,345 46,247
Creditors: amounts falling due after more than one year 6 (184,708) (50,000)
Net liabilities (9,363) (3,753)
Capital and reserves
Called up share capital 1 1
Profit and loss account (9,364) (3,754)
Shareholders' funds (9,363) (3,753)
The directors are 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 directors acknowledge their 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.
Muhammad Sajjad Sarwar Khan
Director
Approved by the board on 5 February 2024
BURRAQ KAREEM LIMITED
Notes to the Accounts
for the year ended 30 September 2022
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:
Land and buildings no depreciation provided as it's investment property
Plant and machinery 18% wdv
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.
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.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 October 2021 - 28,210 28,210
Additions 260,677 - 260,677
At 30 September 2022 260,677 28,210 288,887
Depreciation
At 1 October 2021 - 9,242 9,242
Charge for the year - 3,414 3,414
At 30 September 2022 - 12,656 12,656
Net book value
At 30 September 2022 260,677 15,554 276,231
At 30 September 2021 - 18,968 18,968
4 Debtors 2022 2021
£ £
Other debtors 20,401 27,399
5 Creditors: amounts falling due within one year 2022 2021
£ £
Other creditors 128,289 200
6 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 184,708 50,000
7 Other information
BURRAQ KAREEM LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
150c St. Marys Road
Ilford
IG1 1QY
BURRAQ KAREEM LIMITED 11547883 false 2021-10-01 2022-09-30 2022-09-30 VT Final Accounts October 2023 release 2 Muhammad Sajjad Sarwar Khan No description of principal activity 11547883 2020-10-01 2021-09-30 11547883 core:WithinOneYear 2021-09-30 11547883 core:AfterOneYear 2021-09-30 11547883 core:ShareCapital 2021-09-30 11547883 core:RetainedEarningsAccumulatedLosses 2021-09-30 11547883 2021-10-01 2022-09-30 11547883 bus:PrivateLimitedCompanyLtd 2021-10-01 2022-09-30 11547883 bus:AuditExemptWithAccountantsReport 2021-10-01 2022-09-30 11547883 bus:Director40 2021-10-01 2022-09-30 11547883 1 2021-10-01 2022-09-30 11547883 core:LandBuildings 2021-10-01 2022-09-30 11547883 core:PlantMachinery 2021-10-01 2022-09-30 11547883 countries:England 2021-10-01 2022-09-30 11547883 bus:FRS102 2021-10-01 2022-09-30 11547883 bus:FullAccounts 2021-10-01 2022-09-30 11547883 2022-09-30 11547883 core:WithinOneYear 2022-09-30 11547883 core:AfterOneYear 2022-09-30 11547883 core:ShareCapital 2022-09-30 11547883 core:RetainedEarningsAccumulatedLosses 2022-09-30 11547883 core:LandBuildings 2022-09-30 11547883 core:PlantMachinery 2022-09-30 11547883 2021-09-30 11547883 core:LandBuildings 2021-09-30 11547883 core:PlantMachinery 2021-09-30 iso4217:GBP xbrli:pure