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REGISTERED NUMBER: 06846280 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 30 June 2023

for

ORIENTAL HALAL STORE LTD

ORIENTAL HALAL STORE LTD (REGISTERED NUMBER: 06846280)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


ORIENTAL HALAL STORE LTD (REGISTERED NUMBER: 06846280)

Abridged Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 126,587 126,813

CURRENT ASSETS
Stocks 181,763 218,508
Debtors 129,720 107,097
Cash at bank and in hand 138,648 119,730
450,131 445,335
CREDITORS
Amounts falling due within one year 216,461 241,005
NET CURRENT ASSETS 233,670 204,330
TOTAL ASSETS LESS CURRENT
LIABILITIES

360,257

331,143

CREDITORS
Amounts falling due after more than one
year

5

(34,723

)

(40,279

)

PROVISIONS FOR LIABILITIES (24,052 ) (24,094 )
NET ASSETS 301,482 266,770

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 301,472 266,760
301,482 266,770

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ORIENTAL HALAL STORE LTD (REGISTERED NUMBER: 06846280)

Abridged Balance Sheet - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 March 2024 and were signed by:





Liakot Ali - Director


ORIENTAL HALAL STORE LTD (REGISTERED NUMBER: 06846280)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Oriental Halal Store Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06846280

Registered office: 542-544 Coventry Road
Small Heath
Birmingham
West Midlands
B10 0UN

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

ORIENTAL HALAL STORE LTD (REGISTERED NUMBER: 06846280)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

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 10 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022 158,148
Additions 6,125
At 30 June 2023 164,273
DEPRECIATION
At 1 July 2022 31,335
Charge for year 6,351
At 30 June 2023 37,686
NET BOOK VALUE
At 30 June 2023 126,587
At 30 June 2022 126,813

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2023 2022
£    £   
Repayable otherwise than by instalments
Bounce back loan 12,500 18,056

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
Liakot Ali
Balance outstanding at start of year (7,424 ) 53,864
Amounts advanced 36,625 12,728
Amounts repaid (24,500 ) (74,016 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,701 (7,424 )

ORIENTAL HALAL STORE LTD (REGISTERED NUMBER: 06846280)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

Dividends issued during the year = £24,000 (£24,000 in 2022)

7. RELATED PARTY DISCLOSURES

Rent of £28,200 is paid to the director Mr L Ali.

Trade Creditors of £53,359 (£44,483 in 2022) are due to Oriental Halal Food Ltd which is a related party
Of current assets due in under one year the intercompany balance of £72,752 (£53,772 in 2022) is due to Oriental Halal Food Ltd which is a related party