Al Anqa Ltd SC678948 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is management consultancy activities other than financial management. Digita Accounts Production Advanced 6.30.9574.0 true true SC678948 2022-11-01 2023-10-31 SC678948 2023-10-31 SC678948 bus:OrdinaryShareClass1 2023-10-31 SC678948 core:CurrentFinancialInstruments 2023-10-31 SC678948 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 SC678948 core:FurnitureFittingsToolsEquipment 2023-10-31 SC678948 bus:SmallEntities 2022-11-01 2023-10-31 SC678948 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 SC678948 bus:FilletedAccounts 2022-11-01 2023-10-31 SC678948 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 SC678948 bus:RegisteredOffice 2022-11-01 2023-10-31 SC678948 bus:Director1 2022-11-01 2023-10-31 SC678948 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 SC678948 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 SC678948 core:OfficeEquipment 2022-11-01 2023-10-31 SC678948 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-11-01 2023-10-31 SC678948 countries:Scotland 2022-11-01 2023-10-31 SC678948 2022-10-31 SC678948 core:FurnitureFittingsToolsEquipment 2022-10-31 SC678948 2021-11-01 2022-10-31 SC678948 2022-10-31 SC678948 bus:OrdinaryShareClass1 2022-10-31 SC678948 core:CurrentFinancialInstruments 2022-10-31 SC678948 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 SC678948 core:FurnitureFittingsToolsEquipment 2022-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC678948

Al Anqa Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

Al Anqa Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Al Anqa Ltd

Company Information

Director

Mr G McKechnie

Registered office

 

Argyll House
Quarrywood Court
Livingston
West Lothian
EH54 6AX

Accountants

Glen Drummond Ltd
Argyll House
Quarrywood Court
Livingston
West Lothian
EH54 6AX

 

Al Anqa Ltd

(Registration number: SC678948)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,492

1,538

Current assets

 

Debtors

5

2,464

2,165

Cash at bank and in hand

 

2,486

5,371

 

4,950

7,536

Creditors: Amounts falling due within one year

6

(5,466)

(7,687)

Net current liabilities

 

(516)

(151)

Total assets less current liabilities

 

976

1,387

Provisions for liabilities

(283)

(292)

Net assets

 

693

1,095

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

593

995

Shareholders' funds

 

693

1,095

 

Al Anqa Ltd

(Registration number: SC678948)
Balance Sheet as at 31 October 2023

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 July 2024
 

.........................................
Mr G McKechnie
Director

 

Al Anqa Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Argyll House
Quarrywood Court
Livingston
West Lothian
EH54 6AX

These financial statements were authorised for issue by the director on 22 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. There were no material departures from that standard.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

 

Al Anqa Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Revenue recognition

Turnover comprises the fair value of the consideration derived from that of management consultancy activities other than financial management. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

At the balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Expenditure of £500 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the profit and loss account in the period it is incurred.

 

Al Anqa Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

20% straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year was 1 (2022 - 1).

 

Al Anqa Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2022

3,147

3,147

At 31 October 2023

3,147

3,147

Depreciation

At 1 November 2022

1,655

1,655

At 31 October 2023

1,655

1,655

Carrying amount

At 31 October 2023

1,492

1,492

At 31 October 2022

1,538

1,538

5

Debtors

2023
£

2022
£

Trade debtors

1,200

1,200

Prepayments

1,264

227

Other debtors

-

738

2,464

2,165

 

Al Anqa Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

1,271

2,084

Accruals and deferred income

2,225

2,120

Other creditors

1,970

3,483

5,466

7,687

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

       

8

Related party transactions

The company operates a loan account with the director, Mr G McKechnie.
During the year, the company repaid loans totalling £1,514 to the director. At the year end, the balance due to the director was £1,970 (2022 - £3,484). This loan is unsecured, interest free and has no fixed repayment terms.