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REGISTERED NUMBER: 04284954 (England and Wales)















Financial Statements for the Year Ended 31st May 2024

for

Alamgeer Foods Limited

Alamgeer Foods Limited (Registered number: 04284954)

Contents of the Financial Statements
for the Year Ended 31st May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Alamgeer Foods Limited

Company Information
for the Year Ended 31st May 2024







DIRECTORS: Mr M A Zeb
Mr A Zeb
Mr S Zeb
Mr M Zeb



SECRETARY:



REGISTERED OFFICE: Alamgeer House
UNIT 4-5 ROBOTTOM CLOSE
WALSALL
West Midlands
WS2 7EB



REGISTERED NUMBER: 04284954 (England and Wales)



ACCOUNTANT: A K & Co Accountants
732 Walsall Road
Great Barr
Birmingham
West Midlands
B42 1EX



BANKERS: National Westminster Bank Plc
Leicester Customer Service Centre,
11 Western Boulevard,
Bede Island,Leicester
LE2 7EJ,

Alamgeer Foods Limited (Registered number: 04284954)

Balance Sheet
31st May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 302,861 189,804

CURRENT ASSETS
Inventories 5 824,773 865,006
Debtors 6 902,715 702,309
Cash at bank and in hand 8,309 43,293
1,735,797 1,610,608
CREDITORS
Amounts falling due within one year 7 996,431 634,988
NET CURRENT ASSETS 739,366 975,620
TOTAL ASSETS LESS CURRENT LIABILITIES 1,042,227 1,165,424

CREDITORS
Amounts falling due after more than one
year

8

85,494

249,924
NET ASSETS 956,733 915,500

CAPITAL AND RESERVES
Called up share capital 10 4 4
Retained earnings 956,729 915,496
SHAREHOLDERS' FUNDS 956,733 915,500

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Alamgeer Foods Limited (Registered number: 04284954)

Balance Sheet - continued
31st May 2024


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 Board of Directors and authorised for issue on 10th June 2024 and were signed on its behalf by:





Mr M A Zeb - Director


Alamgeer Foods Limited (Registered number: 04284954)

Notes to the Financial Statements
for the Year Ended 31st May 2024


1. STATUTORY INFORMATION

Alamgeer Foods Limited 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and Machinery 15% PA on reducing balance

Motor Vehicle 25% PA on reducing balance

Fixtures and fittings 15% PA on reducing Balance

Computers 15% PA on reducing balance

Stocks
Inventories 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 year 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.

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 year 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.

Alamgeer Foods Limited (Registered number: 04284954)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 29 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Short Long Plant and
leasehold leasehold machinery
£    £    £   
COST
At 1st June 2023 21,989 52,544 154,007
Additions - - -
At 31st May 2024 21,989 52,544 154,007
DEPRECIATION
At 1st June 2023 - - 121,015
Charge for year - - 4,948
At 31st May 2024 - - 125,963
NET BOOK VALUE
At 31st May 2024 21,989 52,544 28,044
At 31st May 2023 21,989 52,544 32,992

Alamgeer Foods Limited (Registered number: 04284954)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024


4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st June 2023 90,121 179,294 58,334 556,289
Additions 48,083 118,790 - 166,873
At 31st May 2024 138,204 298,084 58,334 723,162
DEPRECIATION
At 1st June 2023 38,235 176,743 30,492 366,485
Charge for year 14,995 29,697 4,176 53,816
At 31st May 2024 53,230 206,440 34,668 420,301
NET BOOK VALUE
At 31st May 2024 84,974 91,644 23,666 302,861
At 31st May 2023 51,886 2,551 27,842 189,804

5. INVENTORIES
31.5.24 31.5.23
£    £   
Stocks 824,773 865,006

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 799,630 691,293
VAT recoverable 3,085 11,016
Other debtors 100,000 -
902,715 702,309

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts (see note 9) 199,032 -
Trade creditors 660,303 517,057
Tax 29,609 36,942
Social security and other taxes 94,359 27,700
Accrued expenses 13,128 53,289
996,431 634,988

Alamgeer Foods Limited (Registered number: 04284954)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Other loans (see note 9) 82,054 120,772
Directors loan accounts 3,440 129,152
85,494 249,924

9. LOANS

An analysis of the maturity of loans is given below:

31.5.24 31.5.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 199,032 -

Amounts falling due between one and two years:
Other loans - 1-5 years 82,054 120,772

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
4 Ordinary Share Capital £1 4 4