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Company Registration No. 11615591 (England and Wales)
SHAFTI GROUP OF COMPANIES LTD Unaudited accounts for the year ended 31 October 2023
SHAFTI GROUP OF COMPANIES LTD Company Information for the year ended 31 October 2023
Director
Shafti Semuyaba
Company Number
11615591 (England and Wales)
Registered Office
64 MARLWOOD DRIVE MARLWOOD DRIVE BRISTOL BS10 6SJ UNITED KINGDOM
Accountants
AL Accounting Solutions Limited Chartered Certified Accountants 21A Brighton Road South Croydon Croydon CR2 6EA
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SHAFTI GROUP OF COMPANIES LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
257 
314 
Current assets
Debtors
16,347 
17,003 
Cash at bank and in hand
2 
32 
16,349 
17,035 
Creditors: amounts falling due within one year
(210)
(228)
Net current assets
16,139 
16,807 
Total assets less current liabilities
16,396 
17,121 
Creditors: amounts falling due after more than one year
(19,031)
(19,339)
Net liabilities
(2,635)
(2,218)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(2,636)
(2,219)
Shareholders' funds
(2,635)
(2,218)
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 4 March 2024 and were signed on its behalf by
Shafti Semuyaba Director Company Registration No. 11615591
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SHAFTI GROUP OF COMPANIES LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
SHAFTI GROUP OF COMPANIES LTD is a private company, limited by shares, registered in England and Wales, registration number 11615591. The registered office is 64 MARLWOOD DRIVE, MARLWOOD DRIVE, BRISTOL, BS10 6SJ, UNITED KINGDOM.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 November 2022
695 
At 31 October 2023
695 
Depreciation
At 1 November 2022
381 
Charge for the year
57 
At 31 October 2023
438 
Net book value
At 31 October 2023
257 
At 31 October 2022
314 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
16,347 
17,003 
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SHAFTI GROUP OF COMPANIES LTD Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Accruals
210 
228 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
19,031 
19,339 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Shafti Semuyaba
Directors Loan
17,003 
16,347 
17,003 
16,347 
17,003 
16,347 
17,003 
16,347 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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