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REGISTERED NUMBER: 11380514 (England and Wales)















Unaudited Financial Statements

for the Period 1 June 2022 to 31 July 2023

for

Al Safa (Lon) Ltd

Al Safa (Lon) Ltd (Registered number: 11380514)






Contents of the Financial Statements
for the Period 1 June 2022 to 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Al Safa (Lon) Ltd

Company Information
for the Period 1 June 2022 to 31 July 2023







DIRECTOR: M R M I Zeineldar





REGISTERED OFFICE: Unit 17 Pop In Commercial Centre
South Way
Wembley
HA9 0HF





REGISTERED NUMBER: 11380514 (England and Wales)





ACCOUNTANTS: Prestons
Chartered Accountants
364-368 Cranbrook Road
Gants Hill
Ilford
Essex
IG2 6HY

Al Safa (Lon) Ltd (Registered number: 11380514)

Balance Sheet
31 July 2023

31/7/23 31/5/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 215,059 201,793

CURRENT ASSETS
Stocks 28,375 26,674
Debtors 5 13,957 40,251
Cash at bank and in hand 72,183 70,613
114,515 137,538
CREDITORS
Amounts falling due within one year 6 269,026 254,872
NET CURRENT LIABILITIES (154,511 ) (117,334 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,548

84,459

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 60,547 84,458
60,548 84,459

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 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.

Al Safa (Lon) Ltd (Registered number: 11380514)

Balance Sheet - continued
31 July 2023


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

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 4 April 2024 and were signed by:





M R M I Zeineldar - Director


Al Safa (Lon) Ltd (Registered number: 11380514)

Notes to the Financial Statements
for the Period 1 June 2022 to 31 July 2023

1. STATUTORY INFORMATION

Al Safa (Lon) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 represents net income receivable from sale of goods and services in the year, excluding value added tax.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the costs of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.
Depreciation is provided on the following basis:
Plant and Machinery - 10 % Reducing balance..


The asset's residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit and loss.

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 period 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.


Al Safa (Lon) Ltd (Registered number: 11380514)

Notes to the Financial Statements - continued
for the Period 1 June 2022 to 31 July 2023

2. ACCOUNTING POLICIES - continued
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 period 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.

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.

Going concern
The total current liabilities exceeds the total current assets of the company as at 31st July 2023. The director has confirmed that the company will have continuous support from the creditors. It is on this basis Accounts have been prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 10 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2022 - 275,742 275,742
Additions 22,500 16,198 38,698
At 31 July 2023 22,500 291,940 314,440
DEPRECIATION
At 1 June 2022 - 73,949 73,949
Charge for period - 25,432 25,432
At 31 July 2023 - 99,381 99,381
NET BOOK VALUE
At 31 July 2023 22,500 192,559 215,059
At 31 May 2022 - 201,793 201,793

Al Safa (Lon) Ltd (Registered number: 11380514)

Notes to the Financial Statements - continued
for the Period 1 June 2022 to 31 July 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/5/22
£    £   
Trade debtors - 40,250
Other debtors 13,957 1
13,957 40,251

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/5/22
£    £   
Trade creditors - 7,694
Taxation and social security 4,955 11,535
Other creditors 264,071 235,643
269,026 254,872

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the suture payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less and impairment.