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REGISTERED NUMBER: 02561275 (England and Wales)














SHAMS (U.K.) LTD.

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023






SHAMS (U.K.) LTD. (REGISTERED NUMBER: 02561275)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHAMS (U.K.) LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTORS: M A U Azim
M J Langdon





REGISTERED OFFICE: Unit 18P Hartlebury Trading Estate
Hartlebury
Kidderminster
Worcestershire
DY10 4JB





REGISTERED NUMBER: 02561275 (England and Wales)

SHAMS (U.K.) LTD. (REGISTERED NUMBER: 02561275)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 3,515 2,402
Investment property 5 700,000 700,000
703,515 702,402

CURRENT ASSETS
Debtors 6 4,831 5,395
Cash at bank and in hand 15,688 2,590
20,519 7,985
CREDITORS
Amounts falling due within one year 7 94,730 41,873
NET CURRENT LIABILITIES (74,211 ) (33,888 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

629,304

668,514

CREDITORS
Amounts falling due after more than one
year

8

(10,387

)

(8,387

)

PROVISIONS FOR LIABILITIES 9 (636 ) (417 )
NET ASSETS 618,281 659,710

CAPITAL AND RESERVES
Called up share capital 10 20,000 20,000
Retained earnings 598,281 639,710
SHAREHOLDERS' FUNDS 618,281 659,710

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 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.

SHAMS (U.K.) LTD. (REGISTERED NUMBER: 02561275)

BALANCE SHEET - continued
30TH NOVEMBER 2023


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 15th July 2024 and were signed on its behalf by:





M A U Azim - Director


SHAMS (U.K.) LTD. (REGISTERED NUMBER: 02561275)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023

1. STATUTORY INFORMATION

Shams (U.K.) Ltd. 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.

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


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 as modified by the revaluation of certain assets.

Turnover
Turnover 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 - 10% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

SHAMS (U.K.) LTD. (REGISTERED NUMBER: 02561275)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
COST
At 1st December 2022 7,211 1,908 7,266 16,385
Additions - 132 1,416 1,548
At 30th November 2023 7,211 2,040 8,682 17,933
DEPRECIATION
At 1st December 2022 5,742 1,745 6,496 13,983
Charge for year 148 33 254 435
At 30th November 2023 5,890 1,778 6,750 14,418
NET BOOK VALUE
At 30th November 2023 1,321 262 1,932 3,515
At 30th November 2022 1,469 163 770 2,402

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1st December 2022
and 30th November 2023 700,000
NET BOOK VALUE
At 30th November 2023 700,000
At 30th November 2022 700,000

Fair value at 30th November 2023 is represented by:
£
Valuation in 2006 259,811
Valuation in 2009 (200,000 )
Valuation in 2010 (50,000 )
Valuation in 2011 (50,000 )
Valuation in 2012 (50,000 )
Valuation in 2019 75,000
Valuation in 2022 225,000
Cost 490,189
700,000

SHAMS (U.K.) LTD. (REGISTERED NUMBER: 02561275)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

5. INVESTMENT PROPERTY - continued

Investment property was valued on an open market basis on 30th November 2022 by M.A.U. Azim - director.

The property owned by the company was its trading address until 30th November 2004. This property is now held for investment purposes, and the company leases other premises in order to carry out its principal activity.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 818 -
VAT - 1,643
Prepayments 4,013 3,752
4,831 5,395

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 17,595 2,636
Tax 854 -
VAT 6,058 -
Other creditors 7,818 117
Shareholders loan account 12,500 12,500
Directors' current accounts 48,205 25,000
Accrued expenses 1,700 1,620
94,730 41,873

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Other loans 10,387 8,387

9. PROVISIONS FOR LIABILITIES
2023 2022
£ £
Deferred tax 636 417

Deferred tax
£
Balance at 1st December 2022 417
Provided during year 219
Balance at 30th November 2023 636

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
20,000 Ordinary £1 20,000 20,000