1 January 2023 false Taxfiler 2024.5 SC335396business:PrivateLimitedCompanyLtd2023-01-012023-12-31 SC3353962022-12-31 SC3353962023-01-012023-12-31 SC335396business:AuditExemptWithAccountantsReport2023-01-012023-12-31 SC335396business:AbridgedAccounts2023-01-012023-12-31 SC3353962023-12-31 SC3353962022-12-31 SC335396core:WithinOneYear2023-12-31 SC335396core:WithinOneYear2022-12-31 SC335396core:AfterOneYear2023-12-31 SC335396core:AfterOneYear2022-12-31 SC335396core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 SC335396core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 SC335396core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 SC335396core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 SC335396core:PreviouslyStatedAmount2023-12-31 SC335396core:PreviouslyStatedAmount2022-12-31 SC335396business:SmallEntities2023-01-012023-12-31 SC335396business:Director12023-01-012023-12-31 SC335396countries:Scotland2023-01-012023-12-31 SC335396business:RegisteredOffice2023-01-012023-12-31 SC335396core:PlantMachinery2023-01-012023-12-31 SC335396core:FurnitureFittings2023-01-012023-12-31 SC335396core:ComputerEquipment2023-01-012023-12-31 SC3353962022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC335396 (Scotland)
Soroosh Khavari Limited Unaudited accounts for the year ended 31 December 2023
Soroosh Khavari Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,845 
8,545 
Current assets
Debtors
- 
814 
Cash at bank and in hand
12,503 
12,613 
12,503 
13,427 
Creditors: amounts falling due within one year
(12,625)
(14,381)
Net current liabilities
(122)
(954)
Total assets less current liabilities
2,723 
7,591 
Creditors: amounts falling due after more than one year
(3,355)
(5,792)
Provisions for liabilities
Deferred tax
(1,623)
(1,623)
Net (liabilities)/assets
(2,255)
176 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
(2,265)
166 
Shareholders' funds
(2,255)
176 
For the year ending 31 December 2023 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 8 September 2024 and were signed on its behalf by
Dr Soroosh Khavari Director Company Registration No. SC335396
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Soroosh Khavari Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Soroosh Khavari Limited is a private company, limited by shares, registered in Scotland, registration number SC335396. The registered office is Flat G2, 5 Napiershall Street, Glasgow, G20 6HQ , 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
25% on cost.
Fixtures & fittings
25% on cost.
Computer equipment
25% on cost.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 January 2023
31,677 
Additions
3,000 
At 31 December 2023
34,677 
Depreciation
At 1 January 2023
23,132 
Charge for the year
8,700 
At 31 December 2023
31,832 
Net book value
At 31 December 2023
2,845 
At 31 December 2022
8,545 
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Soroosh Khavari Limited Notes to the Accounts for the year ended 31 December 2023
5
Average number of employees
During the year the average number of employees was 0 (2022: 0).
- 4 -