Company Registration No. SC534499 (Scotland)
ELGHANY LTD
Unaudited accounts
for the year ended 31 May 2024
ELGHANY LTD
Unaudited accounts
Contents
ELGHANY LTD
Company Information
for the year ended 31 May 2024
Director
Ahmed A E Abdelghany
Company Number
SC534499 (Scotland)
Registered Office
22 DENVIEW WIND
KINGSWELLS
ABERDEED
AB15 8PF
SCOTLAND
Accountants
Taj - Accountants and Business Consultants Ltd
101 Brigsley Road
Waltham
Grimsby
United Kingdom
DN37 0LB
ELGHANY LTD
Statement of financial position
as at 31 May 2024
Tangible assets
57,468
76,987
Cash at bank and in hand
34,493
22,078
Creditors: amounts falling due within one year
(17,565)
(5,734)
Net current assets
16,928
16,344
Total assets less current liabilities
74,396
93,331
Creditors: amounts falling due after more than one year
(62,662)
(71,267)
Called up share capital
10
10
Profit and loss account
11,724
22,054
Shareholders' funds
11,734
22,064
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 5 September 2024 and were signed on its behalf by
Ahmed A E Abdelghany
Director
Company Registration No. SC534499
ELGHANY LTD
Notes to the Accounts
for the year ended 31 May 2024
ELGHANY LTD is a private company, limited by shares, registered in Scotland, registration number SC534499. The registered office is 22 DENVIEW WIND, KINGSWELLS, ABERDEED, AB15 8PF, SCOTLAND.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
25% reducing balance
Computer equipment
25% straight line basis
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2023
85,184
1,449
86,633
At 31 May 2024
85,184
1,449
86,633
At 1 June 2023
8,560
1,086
9,646
Charge for the year
19,156
363
19,519
At 31 May 2024
27,716
1,449
29,165
At 31 May 2024
57,468
-
57,468
At 31 May 2023
76,624
363
76,987
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
8,852
5,734
Taxes and social security
8,713
-
ELGHANY LTD
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
62,662
71,267
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).