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REGISTERED NUMBER: 07570728 (England and Wales)
















Financial Statements for the Year Ended 31 March 2024

for


SPEENGHAR (UK) LIMITED



SPEENGHAR (UK) LIMITED (REGISTERED NUMBER: 07570728)



Contents of the Financial Statements

for the Year Ended 31 March 2024











Page




Company Information  

1




Balance Sheet  

2




Notes to the Financial Statements  

3





SPEENGHAR (UK) LIMITED



Company Information

for the Year Ended 31 March 2024









DIRECTOR:

B AHMAD







REGISTERED OFFICE:

Unit 11 Cumberland Business Park


17 Cumberland Avenue


Park Royal


London


NW10 7RT







REGISTERED NUMBER:

07570728 (England and Wales)







ACCOUNTANTS:

Samuelsons & Co


Chartered Certified Accountants


The Brentano Suite


Solar House


915 High Road


North Finchley


London


N12 8QJ



SPEENGHAR (UK) LIMITED (REGISTERED NUMBER: 07570728)



Balance Sheet

31 March 2024



31.3.24

31.3.23



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

85,258


8,403




CURRENT ASSETS

Stocks

5

519,000


632,000



Debtors

6

729,660


642,856



Cash at bank and in hand

80,308


13,955



1,328,968


1,288,811



CREDITORS

Amounts falling due within one year

7

207,951


251,106



NET CURRENT ASSETS

1,121,017


1,037,705



TOTAL ASSETS LESS CURRENT

LIABILITIES

1,206,275


1,046,108




CAPITAL AND RESERVES

Called up share capital

8

2,000


2,000



Share premium

9

279,200


279,200



Retained earnings

9

925,075


764,908



SHAREHOLDERS' FUNDS

1,206,275


1,046,108




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


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 11 September 2024 and were signed by:




B AHMAD - Director




SPEENGHAR (UK) LIMITED (REGISTERED NUMBER: 07570728)



Notes to the Financial Statements

for the Year Ended 31 March 2024



1.

STATUTORY INFORMATION



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


Tangible fixed assets


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.  


Fixtures and fittings

-

25% on reducing balance


Motor vehicles

-

25% on reducing balance


Computer equipment

-

33% on cost



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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.



SPEENGHAR (UK) LIMITED (REGISTERED NUMBER: 07570728)



Notes to the Financial Statements - continued

for the Year Ended 31 March 2024



3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 12 (2023 - 12 ) .


4.

TANGIBLE FIXED ASSETS


Fixtures



and


Motor


Computer



fittings


vehicles


equipment


Totals

£   

£   

£   

£   



COST


At 1 April 2023

8,988


47,724


14,309


71,021




Additions

-


85,917


5,082


90,999




At 31 March 2024

8,988


133,641


19,391


162,020




DEPRECIATION


At 1 April 2023

7,835


42,171


12,612


62,618




Charge for year

288


11,433


2,423


14,144




At 31 March 2024

8,123


53,604


15,035


76,762




NET BOOK VALUE


At 31 March 2024

865


80,037


4,356


85,258




At 31 March 2023

1,153


5,553


1,697


8,403





Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:


Motor


vehicles

£   



COST


Additions

85,917




At 31 March 2024

85,917




NET BOOK VALUE


At 31 March 2024

85,917




5.

STOCKS


31.3.24


31.3.23

£   

£   



Finished goods

519,000


632,000




6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.3.24


31.3.23

£   

£   



Trade debtors

718,064


625,001




VAT

11,596


17,855



729,660


642,856





SPEENGHAR (UK) LIMITED (REGISTERED NUMBER: 07570728)



Notes to the Financial Statements - continued

for the Year Ended 31 March 2024



7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.3.24


31.3.23

£   

£   



Tax

50,424


76,107




PAYE control

-


3,806




Directors' current accounts

154,527


169,193




Accrued expenses

3,000


2,000



207,951


251,106




8.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

31.3.24


31.3.23


value:

£   

£   



2,000

Ordinary

£1

2,000


2,000




9.

RESERVES


Retained


Share



earnings


premium


Totals

£   

£   

£   




At 1 April 2023

764,908


279,200


1,044,108




Profit for the year

160,167


160,167




At 31 March 2024

925,075


279,200


1,204,275