Company registration number 08689054 (England and Wales)
TARIQ HALAL MEAT (HOUNSLOW) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023
PAGES FOR FILING WITH REGISTRAR
TARIQ HALAL MEAT (HOUNSLOW) LTD
COMPANY INFORMATION
Director
Mr T L Sheikh
Company number
08689054
Registered office
555-557
Cranbrook Road
Ilford
United Kingdom
IG2 6HE
TARIQ HALAL MEAT (HOUNSLOW) LTD
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 8
TARIQ HALAL MEAT (HOUNSLOW) LTD
BALANCE SHEET
AS AT
31 OCTOBER 2023
31 October 2023
- 1 -
31 October 2023
30 September 2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
66,249
79,112
Current assets
Stocks
23,900
24,150
Debtors
4
97,648
63,179
Cash at bank and in hand
4,232
2,347
125,780
89,676
Creditors: amounts falling due within one year
5
(647,188)
(457,722)
Net current liabilities
(521,408)
(368,046)
Total assets less current liabilities
(455,159)
(288,934)
Creditors: amounts falling due after more than one year
6
(16,790)
(44,205)
Provisions for liabilities
(15,031)
(15,031)
Net liabilities
(486,980)
(348,170)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(487,080)
(348,270)
Total equity
(486,980)
(348,170)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
TARIQ HALAL MEAT (HOUNSLOW) LTD
BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2023
31 October 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 30 July 2024
Mr T L Sheikh
Director
Company registration number 08689054 (England and Wales)
TARIQ HALAL MEAT (HOUNSLOW) LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 OCTOBER 2023
- 3 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 October 2021
100
(245,904)
(245,804)
Year ended 30 September 2022:
Loss and total comprehensive income
-
(102,366)
(102,366)
Balance at 30 September 2022
100
(348,270)
(348,170)
Period ended 31 October 2023:
Loss and total comprehensive income
-
(138,810)
(138,810)
Balance at 31 October 2023
100
(487,080)
(486,980)
TARIQ HALAL MEAT (HOUNSLOW) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023
- 4 -
1
Accounting policies
Company information
Tariq Halal Meat (Hounslow) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is , 555-557, Cranbrook Road, Ilford, United Kingdom, IG2 6HE.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for meat retail provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold land and buildings
Straight line over the term of the lease
Plant and Machinery
15% reducing balance
Fixtures and fittings and equipment
15% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
1.5
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises of raw meat products.
1.6
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
TARIQ HALAL MEAT (HOUNSLOW) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2023
1
Accounting policies
(Continued)
- 5 -
1.7
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.
1.8
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.9
Taxation
The tax expense represents deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
TARIQ HALAL MEAT (HOUNSLOW) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2023
1
Accounting policies
(Continued)
- 6 -
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity.
1.10
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
1.11
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.12
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2023
2022
Number
Number
Total
5
5
TARIQ HALAL MEAT (HOUNSLOW) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2023
- 7 -
3
Tangible fixed assets
Leasehold land and buildings
Plant and Machinery
Fixtures and fittings and equipment
Total
£
£
£
£
Cost
At 1 October 2022 and 31 October 2023
24,693
168,829
93,699
287,221
Depreciation and impairment
At 1 October 2022
13,854
124,836
69,419
208,109
Depreciation charged in the period
1,781
7,141
3,941
12,863
At 31 October 2023
15,635
131,977
73,360
220,972
Carrying amount
At 31 October 2023
9,058
36,852
20,339
66,249
At 30 September 2022
10,839
43,993
24,280
79,112
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
27,211
Other debtors
70,437
63,179
97,648
63,179
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
9,822
9,822
Trade creditors
608,655
434,314
Corporation tax
200
200
Other taxation and social security
1,631
Other creditors
26,880
13,386
647,188
457,722
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
16,790
27,392
Other creditors
16,813
16,790
44,205
TARIQ HALAL MEAT (HOUNSLOW) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2023
- 8 -
7
Financial commitments, guarantees and contingent liabilities
At the year end, the company has outstanding commitments for lease payments amounting to £38,562 (2022 - £78,562 ).
8
Related party transactions
2023
2022
Amounts due to related parties
£
£
Other related parties
7,232
24,413
These unsecured loans are free of any interest charge and without any repayment terms.
2023
2022
Amounts due from related parties
£
£
Other related parties
45,000
45,000
These unsecured loans are free of any interest charge and without any repayment terms.
2023-10-312022-10-01false30 July 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityMr T L Sheikhfalsefalse086890542022-10-012023-10-3108689054bus:Director12022-10-012023-10-3108689054bus:RegisteredOffice2022-10-012023-10-31086890542023-10-31086890542022-09-3008689054core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-10-3108689054core:PlantMachinery2023-10-3108689054core:FurnitureFittings2023-10-3108689054core:LandBuildingscore:LeasedAssetsHeldAsLessee2022-09-3008689054core:PlantMachinery2022-09-3008689054core:FurnitureFittings2022-09-3008689054core:CurrentFinancialInstrumentscore:WithinOneYear2023-10-3108689054core:CurrentFinancialInstrumentscore:WithinOneYear2022-09-3008689054core:Non-currentFinancialInstrumentscore:AfterOneYear2023-10-3108689054core:Non-currentFinancialInstrumentscore:AfterOneYear2022-09-3008689054core:CurrentFinancialInstruments2023-10-3108689054core:CurrentFinancialInstruments2022-09-3008689054core:Non-currentFinancialInstruments2023-10-3108689054core:Non-currentFinancialInstruments2022-09-3008689054core:ShareCapital2023-10-3108689054core:ShareCapital2022-09-3008689054core:RetainedEarningsAccumulatedLosses2023-10-3108689054core:RetainedEarningsAccumulatedLosses2022-09-3008689054core:ShareCapital2021-09-3008689054core:RetainedEarningsAccumulatedLosses2021-09-3008689054core:RetainedEarningsAccumulatedLosses2021-10-012022-09-30086890542021-10-012022-09-3008689054core:RetainedEarningsAccumulatedLosses2022-10-012023-10-3108689054core:LandBuildingscore:LongLeaseholdAssets2022-10-012023-10-3108689054core:PlantMachinery2022-10-012023-10-3108689054core:FurnitureFittings2022-10-012023-10-3108689054core:LandBuildingscore:LeasedAssetsHeldAsLessee2022-09-3008689054core:PlantMachinery2022-09-3008689054core:FurnitureFittings2022-09-30086890542022-09-3008689054core:LandBuildingscore:LeasedAssetsHeldAsLessee2022-10-012023-10-3108689054core:WithinOneYear2023-10-3108689054core:WithinOneYear2022-09-3008689054bus:PrivateLimitedCompanyLtd2022-10-012023-10-3108689054bus:SmallCompaniesRegimeForAccounts2022-10-012023-10-3108689054bus:FRS1022022-10-012023-10-3108689054bus:AuditExempt-NoAccountantsReport2022-10-012023-10-3108689054bus:FullAccounts2022-10-012023-10-31xbrli:purexbrli:sharesiso4217:GBP