BILAL YAKUB LOCUMS LTD |
Notes to the Accounts |
for the year ended 31 August 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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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). |
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Turnover |
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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. |
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Debtors |
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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. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
2 |
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1 |
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3 |
Tangible fixed assets |
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Plant and machinery etc |
£ |
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Cost |
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At 1 September 2023 |
1,799 |
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Additions |
449 |
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At 31 August 2024 |
2,248 |
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Depreciation |
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At 1 September 2023 |
1,799 |
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Charge for the year |
45 |
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At 31 August 2024 |
1,844 |
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Net book value |
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At 31 August 2024 |
404 |
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4 |
Debtors |
2024 |
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2023 |
£ |
£ |
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Trade debtors |
5,419 |
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5,660 |
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5 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
£ |
£ |
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Corporation tax |
6,102 |
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6,898 |
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Other creditors |
1,611 |
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4,286 |
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7,713 |
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11,184 |
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6 |
Controlling party |
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Mr Bilal Yakub has ultimate controlling interest by virtue of him owning 100% of the issued share capital. |
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7 |
Other information |
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BILAL YAKUB LOCUMS LTD is a private company limited by shares and incorporated in England. Its registered office is: |
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95 SOUTH STREET |
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SAVILE TOWN |
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DEWSBURY |
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WF12 9NG |