Registered number
06721503
EMAD&EMAAN LTD
Filleted Accounts
31 March 2024
EMAD&EMAAN LTD
Registered number: 06721503
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 460 672
Current assets
Debtors 4 41,248 89,374
Cash at bank and in hand 3,936 1,292
45,184 90,666
Creditors: amounts falling due within one year 5 (26,852) (36,331)
Net current assets 18,332 54,335
Total assets less current liabilities 18,792 55,007
Creditors: amounts falling due after more than one year 6 (14,515) (19,515)
Net assets 4,277 35,492
Capital and reserves
Called up share capital 100 100
Profit and loss account 4,177 35,392
Shareholders' funds 4,277 35,492
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr. Taimur Yousaf Mirza
Director
Approved by the board on 6 August 2024
EMAD&EMAAN LTD
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
FA - Plant and Machinery over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 3,431
At 31 March 2024 3,431
Depreciation
At 1 April 2023 2,759
Charge for the year 212
At 31 March 2024 2,971
Net book value
At 31 March 2024 460
At 31 March 2023 672
4 Debtors 2024 2023
£ £
Other debtors 41,248 89,374
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 15,448 23,837
Other taxes and social security costs 458 648
Other creditors 10,946 11,846
26,852 36,331
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 14,515 19,515
7 Controlling party
The directors control the company.
8 Other information
EMAD&EMAAN LTD is a private company limited by shares and incorporated in England. Its registered office is:
8 Crowswood Drive
Stalybridge
SK15 3RJ
EMAD&EMAAN LTD 06721503 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts October 2023 release 2 Dr. Taimur Yousaf Mirza No description of principal activity 06721503 2022-04-01 2023-03-31 06721503 core:WithinOneYear 2023-03-31 06721503 core:AfterOneYear 2023-03-31 06721503 core:ShareCapital 2023-03-31 06721503 core:RetainedEarningsAccumulatedLosses 2023-03-31 06721503 2023-04-01 2024-03-31 06721503 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06721503 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06721503 bus:Director40 2023-04-01 2024-03-31 06721503 1 2023-04-01 2024-03-31 06721503 2 2023-04-01 2024-03-31 06721503 core:PlantMachinery 2023-04-01 2024-03-31 06721503 countries:England 2023-04-01 2024-03-31 06721503 bus:FRS102 2023-04-01 2024-03-31 06721503 bus:FullAccounts 2023-04-01 2024-03-31 06721503 2024-03-31 06721503 core:WithinOneYear 2024-03-31 06721503 core:AfterOneYear 2024-03-31 06721503 core:ShareCapital 2024-03-31 06721503 core:RetainedEarningsAccumulatedLosses 2024-03-31 06721503 core:PlantMachinery 2024-03-31 06721503 2023-03-31 06721503 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure