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REGISTERED NUMBER: 08313145 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

FURAT P.O LTD

FURAT P.O LTD (REGISTERED NUMBER: 08313145)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FURAT P.O LTD

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Y O Al-Bazz
Mrs B Y Al-Ibrahim





SECRETARY:





REGISTERED OFFICE: 304 Stannington Road
Sheffield
S6 5FS





REGISTERED NUMBER: 08313145 (England and Wales)





ACCOUNTANT: Hill and Co Accountants
106 Holme Lane
Hillsborough
Sheffield
South Yorkshire
S6 4JW

FURAT P.O LTD (REGISTERED NUMBER: 08313145)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 29,400 36,400
Tangible assets 5 403,320 235,018
432,720 271,418

CURRENT ASSETS
Stocks 14,300 14,206
Debtors 6 27,020 27,020
Cash at bank and in hand 21,299 17,583
62,619 58,809
CREDITORS
Amounts falling due within one year 7 401,930 232,106
NET CURRENT LIABILITIES (339,311 ) (173,297 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,409

98,121

CREDITORS
Amounts falling due after more than one
year

8

162,122

162,122
NET LIABILITIES (68,713 ) (64,001 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (68,715 ) (64,003 )
SHAREHOLDERS' FUNDS (68,713 ) (64,001 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

FURAT P.O LTD (REGISTERED NUMBER: 08313145)

Balance Sheet - continued
31 December 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 30 June 2024 and were signed on its behalf by:





Y O Al-Bazz - Director


FURAT P.O LTD (REGISTERED NUMBER: 08313145)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Furat P.O 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.

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 at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Stocks
Stocks 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.

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.

FURAT P.O LTD (REGISTERED NUMBER: 08313145)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 104,000
AMORTISATION
At 1 January 2023 67,600
Charge for year 7,000
At 31 December 2023 74,600
NET BOOK VALUE
At 31 December 2023 29,400
At 31 December 2022 36,400

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 226,452 52,159 278,611
Additions 168,238 1,587 169,825
At 31 December 2023 394,690 53,746 448,436
DEPRECIATION
At 1 January 2023 - 43,593 43,593
Charge for year - 1,523 1,523
At 31 December 2023 - 45,116 45,116
NET BOOK VALUE
At 31 December 2023 394,690 8,630 403,320
At 31 December 2022 226,452 8,566 235,018

6. DEBTORS
31/12/23 31/12/22
£    £   
Amounts falling due within one year:
Other debtors 2,020 2,020

Amounts falling due after more than one year:
Other debtors 25,000 25,000

Aggregate amounts 27,020 27,020

FURAT P.O LTD (REGISTERED NUMBER: 08313145)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 9,079 9,018
Taxation and social security 1,679 1,591
Other creditors 391,172 221,497
401,930 232,106

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 31/12/22
£    £   
Other creditors 162,122 162,122

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 162,122 162,122