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Company Registration No. 12740723 (England and Wales)
SADDIQ GROUP LTD Unaudited accounts for the year ended 31 July 2023
SADDIQ GROUP LTD Unaudited accounts Contents
Page
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SADDIQ GROUP LTD Company Information for the year ended 31 July 2023
Director
Sheeraz SADDIQ
Company Number
12740723 (England and Wales)
Registered Office
8 WOODSLEY ROAD LEEDS WEST YORKSHIRE LS3 1DT UNITED KINGDOM
Accountants
HLA Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY
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SADDIQ GROUP LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
1 
1 
Cash at bank and in hand
1,051 
1,604 
1,052 
1,605 
Creditors: amounts falling due within one year
(1,828)
(1,828)
Net current liabilities
(776)
(223)
Net liabilities
(776)
(223)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(777)
(224)
Shareholders' funds
(776)
(223)
For the year ending 31 July 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 17 April 2024 and were signed on its behalf by
Sheeraz SADDIQ Director Company Registration No. 12740723
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SADDIQ GROUP LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
SADDIQ GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 12740723. The registered office is 8 WOODSLEY ROAD, LEEDS, WEST YORKSHIRE, LS3 1DT, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Trading activity
Retail sale via mail order houses or via Internet Operation of warehousing and storage facilities for land transport activities
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
1 
1 
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SADDIQ GROUP LTD Notes to the Accounts for the year ended 31 July 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
1,468 
1,468 
Accruals
360 
360 
1,828 
1,828 
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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