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Company Registration No. 13405439 (England and Wales)
FRIENDS LONDON LIMITED Unaudited accounts for the year ended 31 May 2023
FRIENDS LONDON LIMITED Unaudited accounts Contents
Page
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FRIENDS LONDON LIMITED Company Information for the year ended 31 May 2023
Directors
Zahirul Islam Mirdha Hanif Muhammad Ibrahim Hasan
Company Number
13405439 (England and Wales)
Registered Office
419 HIGH ROAD ILFORD IG1 1TR ENGLAND
Accountants
Mohammad Rahaman 49 Mile End Road London United Kingdom E1 4TT
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FRIENDS LONDON LIMITED Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,089 
18,525 
Current assets
Inventories
(5,319)
- 
Debtors
1,400 
1,400 
Cash at bank and in hand
998 
2,654 
(2,921)
4,054 
Creditors: amounts falling due within one year
- 
(699)
Net current (liabilities)/assets
(2,921)
3,355 
Total assets less current liabilities
14,168 
21,880 
Creditors: amounts falling due after more than one year
(40,158)
(35,300)
Net liabilities
(25,990)
(13,420)
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
(25,993)
(13,423)
Shareholders' funds
(25,990)
(13,420)
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 directors acknowledge their 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 of Directors and authorised for issue on 22 February 2024 and were signed on its behalf by
Hanif Muhammad Director Company Registration No. 13405439
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FRIENDS LONDON LIMITED Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
FRIENDS LONDON LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13405439. The registered office is 419 HIGH ROAD, ILFORD, IG1 1TR, 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.
3
Accounting policies
These financial statements for the year ended 31 May 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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:
Other tangible fixed assets
The reducing balance method of depreciation has been used @25%.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2022
18,525 
Additions
3,195 
At 31 May 2023
21,720 
Depreciation
Charge for the year
4,631 
At 31 May 2023
4,631 
Net book value
At 31 May 2023
17,089 
At 31 May 2022
18,525 
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FRIENDS LONDON LIMITED Notes to the Accounts for the year ended 31 May 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,400 
1,400 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
699 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
40,158 
35,300 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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