Company Registration No. 13360780 (England and Wales)
AYAM SECURITY LIMITED
Unaudited accounts
for the year ended 30 April 2024
AYAM SECURITY LIMITED
Unaudited accounts
Contents
AYAM SECURITY LIMITED
Company Information
for the year ended 30 April 2024
Directors
Fawad Jadoon
Waqar Zahid
Company Number
13360780 (England and Wales)
Registered Office
Office Suite F8
Redlands Business Centre
3-5 Tapton House Road
Sheffield
South Yorkshire
S10 5BY
England
AYAM SECURITY LIMITED
Statement of financial position
as at 30 April 2024
Tangible assets
30,202
22,390
Cash at bank and in hand
36,588
9,464
Creditors: amounts falling due within one year
(215,545)
(90,073)
Net current assets
42,638
14,310
Called up share capital
100
100
Profit and loss account
72,740
36,600
Shareholders' funds
72,840
36,700
For the year ending 30 April 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 24 June 2024 and were signed on its behalf by
Fawad Jadoon
Director
Company Registration No. 13360780
AYAM SECURITY LIMITED
Notes to the Accounts
for the year ended 30 April 2024
AYAM SECURITY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13360780. The registered office is Office Suite F8, Redlands Business Centre, 3-5 Tapton House Road, Sheffield, South Yorkshire, S10 5BY, England.
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.
These financial statements for the year ended 30 April 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
The accounts are presented in £ sterling.
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:
Motor vehicles
20% straight line
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
AYAM SECURITY LIMITED
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
15,803
7,534
-
23,337
Additions
9,399
3,832
2,131
15,362
At 30 April 2024
25,202
11,366
2,131
38,699
At 1 May 2023
293
654
-
947
Charge for the year
4,982
2,142
426
7,550
At 30 April 2024
5,275
2,796
426
8,497
At 30 April 2024
19,927
8,570
1,705
30,202
At 30 April 2023
15,510
6,880
-
22,390
Amounts falling due within one year
Trade debtors
220,695
94,919
Accrued income and prepayments
900
-
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
34,046
2,215
Taxes and social security
11,172
5,968
Other creditors
111,989
48,769
Loans from directors
4,023
110
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Average number of employees
During the year the average number of employees was 12 (2023: 8).