Company Registration No. 11835542 (England and Wales)
SHAHEEN AND SONS PROPERTIES LIMITED
Unaudited accounts
for the period from 1 March 2023 to 28 February 2024
SHAHEEN AND SONS PROPERTIES LIMITED
Unaudited accounts
Contents
SHAHEEN AND SONS PROPERTIES LIMITED
Company Information
for the period from 1 March 2023 to 28 February 2024
Directors
Tabassum SHAHEEN
Shazeeba Kausar
Company Number
11835542 (England and Wales)
Registered Office
268 Bath Road
Slough
SL1 4DX
Accountants
Asmat & Co
84 High Street
Slough
Berkshire
SL1 1EL
SHAHEEN AND SONS PROPERTIES LIMITED
Statement of financial position
as at 28 February 2024
Tangible assets
23,461
28,567
Inventories
678,888
678,888
Cash at bank and in hand
139,323
248,029
Creditors: amounts falling due within one year
(103,081)
(107,838)
Net current assets
1,560,347
1,645,335
Total assets less current liabilities
1,583,808
1,673,902
Creditors: amounts falling due after more than one year
(1,545,980)
(1,636,891)
Called up share capital
2
2
Profit and loss account
37,826
37,009
Shareholders' funds
37,828
37,011
For the period ending 28 February 2024 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 18 April 2024 and were signed on its behalf by
Tabassum SHAHEEN
Director
Company Registration No. 11835542
SHAHEEN AND SONS PROPERTIES LIMITED
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
SHAHEEN AND SONS PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11835542. The registered office is 268 Bath Road, Slough, SL1 4DX.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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:
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
SHAHEEN AND SONS PROPERTIES LIMITED
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2023
33,373
500
33,873
At 28 February 2024
33,373
500
33,873
At 1 March 2023
5,006
300
5,306
Charge for the period
5,006
100
5,106
At 28 February 2024
10,012
400
10,412
At 28 February 2024
23,361
100
23,461
At 28 February 2023
28,367
200
28,567
Amounts falling due within one year
Amounts falling due after more than one year
Other debtors
825,394
825,394
6
Creditors: amounts falling due within one year
2024
2023
Other creditors
103,081
107,838
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
1,194,196
1,285,107
Loans from directors
351,784
351,784
8
Average number of employees
During the period the average number of employees was 2 (2023: 3).