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Registered number: 08093778
Arbaniya Ltd.
Unaudited Financial Statements
For The Year Ended 30 June 2023
Marine Tax Consultants Ltd
Eastway Enterprise Centre
7 Paynes Park
Hitchin
Hertfordshire
SG5 1EH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08093778
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 633 845
Investment Properties 5 83,333 83,333
83,966 84,178
CURRENT ASSETS
Debtors 6 659,915 659,849
Cash at bank and in hand 2,421 2,517
662,336 662,366
Creditors: Amounts Falling Due Within One Year 7 5,856 5,856
NET CURRENT ASSETS (LIABILITIES) 668,192 668,222
TOTAL ASSETS LESS CURRENT LIABILITIES 752,158 752,400
Creditors: Amounts Falling Due After More Than One Year 8 (1,299,670 ) (1,299,698 )
NET LIABILITIES (547,512 ) (547,298 )
CAPITAL AND RESERVES
Called up share capital 9 200 200
Profit and Loss Account (547,712 ) (547,498 )
SHAREHOLDERS' FUNDS (547,512) (547,298)
Page 1
Page 2
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Ildikó Kosztolanyi
Director
29/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Arbaniya Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 08093778 . The registered office is Eastway Enterprise Centre, 7 Paynes Park, Hitchin, Hertfordshire, SG5 1EH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 33.33%
Computer Equipment 25% Straight Line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
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4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 July 2022 5,382 - 5,382
As at 30 June 2023 5,382 - 5,382
Depreciation
As at 1 July 2022 4,537 - 4,537
Provided during the period - 212 212
As at 30 June 2023 4,537 212 4,749
Net Book Value
As at 30 June 2023 845 (212 ) 633
As at 1 July 2022 845 - 845
5. Investment Property
2023
£
Fair Value
As at 1 July 2022 and 30 June 2023 83,333
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 659,915 659,849
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors (5,856 ) (5,856 )
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Trade creditors 856,076 856,104
Other loans 443,594 443,594
1,299,670 1,299,698
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 200 200
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