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REGISTERED NUMBER: 10623124 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2024

FOR

ALSAFA SERVICES LIMITED

ALSAFA SERVICES LIMITED (REGISTERED NUMBER: 10623124)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28th February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALSAFA SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 28th February 2024







DIRECTOR: Mr S Farooq





REGISTERED OFFICE: 104 Wellington Road
Oldham
OL8 1RR





REGISTERED NUMBER: 10623124 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

ALSAFA SERVICES LIMITED (REGISTERED NUMBER: 10623124)

BALANCE SHEET
28th February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 821,559 830,471

CURRENT ASSETS
Debtors 5 10,453 9,293
Cash at bank 55,352 35,028
65,805 44,321
CREDITORS
Amounts falling due within one year 6 (880,148 ) (874,858 )
NET CURRENT LIABILITIES (814,343 ) (830,537 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,216

(66

)

CAPITAL AND RESERVES
Called up share capital 7 10 10
Retained earnings 7,206 (76 )
SHAREHOLDERS' FUNDS 7,216 (66 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 10th September 2024 and were signed by:





Mr S Farooq - Director


ALSAFA SERVICES LIMITED (REGISTERED NUMBER: 10623124)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28th February 2024


1. STATUTORY INFORMATION

Alsafa Services Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 10623124 and registered office address is 104 Wellington Road, Oldham, United Kingdom, OL8 1RR.

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. Turnover principally consists of income from parking related activities.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on tangible fixed assets are charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Car park - resurfacing-10% on cost
Computer equipment-33% on cost

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items of tangible fixed assets have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

ALSAFA SERVICES LIMITED (REGISTERED NUMBER: 10623124)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28th February 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Freehold Car park Computer
property - resurfacing equipment Totals
£    £    £    £   
COST
At 1st March 2023
and 28th February 2024 777,000 89,116 1,458 867,574
DEPRECIATION
At 1st March 2023 - 35,646 1,457 37,103
Charge for year - 8,912 - 8,912
At 28th February 2024 - 44,558 1,457 46,015
NET BOOK VALUE
At 28th February 2024 777,000 44,558 1 821,559
At 28th February 2023 777,000 53,470 1 830,471

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,452 9,292
Other debtors 1 1
10,453 9,293

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 20,875 15,527
Other creditors 859,273 859,331
880,148 874,858

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
9 Ordinary £1 9 9
1 Ordinary A £1 1 1
10 10

8. RELATED PARTY DISCLOSURES

At the period end the company owed the director £7,625 (2023 - £7,105).

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S Farooq.