IRIS Accounts Production v24.2.0.383 06825419 director 1.3.23 31.7.24 31.7.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh068254192023-02-28068254192024-07-31068254192023-03-012024-07-31068254192022-02-28068254192022-03-012023-02-28068254192023-02-2806825419ns15:EnglandWales2023-03-012024-07-3106825419ns14:PoundSterling2023-03-012024-07-3106825419ns10:Director12023-03-012024-07-3106825419ns10:PrivateLimitedCompanyLtd2023-03-012024-07-3106825419ns10:SmallEntities2023-03-012024-07-3106825419ns10:AuditExempt-NoAccountantsReport2023-03-012024-07-3106825419ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-07-3106825419ns10:SmallCompaniesRegimeForAccounts2023-03-012024-07-3106825419ns10:FullAccounts2023-03-012024-07-3106825419ns10:OrdinaryShareClass12023-03-012024-07-3106825419ns10:RegisteredOffice2023-03-012024-07-3106825419ns5:CurrentFinancialInstruments2024-07-3106825419ns5:CurrentFinancialInstruments2023-02-2806825419ns5:ShareCapital2024-07-3106825419ns5:ShareCapital2023-02-2806825419ns5:RetainedEarningsAccumulatedLosses2024-07-3106825419ns5:RetainedEarningsAccumulatedLosses2023-02-2806825419ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-07-3106825419ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2806825419ns10:OrdinaryShareClass12024-07-31
REGISTERED NUMBER: 06825419 (England and Wales)















CESSATION FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2023 TO 31 JULY 2024

FOR

FARAH TRADING LIMITED

FARAH TRADING LIMITED (REGISTERED NUMBER: 06825419)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 March 2023 to 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


FARAH TRADING LIMITED

COMPANY INFORMATION
for the Period 1 March 2023 to 31 July 2024







DIRECTOR: O J P Ayoub





REGISTERED OFFICE: 10 London Mews
London
W2 1HY





REGISTERED NUMBER: 06825419 (England and Wales)





ACCOUNTANTS: Stein Richards
Chartered Accountants
10 London Mews
Paddington
LONDON
W2 1HY

FARAH TRADING LIMITED (REGISTERED NUMBER: 06825419)

STATEMENT OF FINANCIAL POSITION
31 July 2024

31.7.24 28.2.23
Notes £    £   
CURRENT ASSETS
Debtors 4 - 6,437
Cash at bank 116,122 13,121
116,122 19,558
CREDITORS
Amounts falling due within one year 5 110,119 2,100
NET CURRENT ASSETS 6,003 17,458
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,003

17,458

CAPITAL AND RESERVES
Called up share capital 6 6,000 6,000
Retained earnings 7 3 11,458
SHAREHOLDERS' FUNDS 6,003 17,458

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

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

The director acknowledges his 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.

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 director and authorised for issue on 2 August 2024 and were signed by:





O J P Ayoub - Director


FARAH TRADING LIMITED (REGISTERED NUMBER: 06825419)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 March 2023 to 31 July 2024

1. STATUTORY INFORMATION

Farah Trading 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
Turnover is measured as the fair value of the consideration received or receivable. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

Taxation
Taxation for the period comprises of current 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 assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the statement of financial position date.

Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

FARAH TRADING LIMITED (REGISTERED NUMBER: 06825419)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 March 2023 to 31 July 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 28.2.23
£    £   
Trade debtors - 6,355
Other debtors - 82
- 6,437

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 28.2.23
£    £   
Taxation and social security 30,703 -
Other creditors 79,416 2,100
110,119 2,100

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 28.2.23
value: £    £   
6,000 Ordinary £1 6,000 6,000

7. RESERVES

Other than dividends, the only movement in retained earnings is the result for the year.