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Company Registration No. 02959113 (England and Wales)
HAQ HALAL LIMITED unaudited financial statements for the year ended 31 December 2023
HAQ HALAL LIMITED unaudited financial statements Contents
Page
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HAQ HALAL LIMITED Company Information for the year ended 31 December 2023
Director
Zafar IQBAL
Secretary
J Yousef
Company Number
02959113 (England and Wales)
Registered Office
21 HYDE PARK ROAD LEEDS WEST YORKSHIRE LS6 1PY
Accountants
HLA Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of HAQ HALAL LIMITED for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of HAQ HALAL LIMITED for the year ended 31 December 2023 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
HLA Accountants Chartered Certified Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY 10 September 2024
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HAQ HALAL LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
344,675 
344,777 
Current assets
Debtors
130,141 
130,000 
Cash at bank and in hand
100,451 
42,596 
230,592 
172,596 
Creditors: amounts falling due within one year
(46,254)
(9,514)
Net current assets
184,338 
163,082 
Total assets less current liabilities
529,013 
507,859 
Creditors: amounts falling due after more than one year
(1,000)
- 
Net assets
528,013 
507,859 
Capital and reserves
Called up share capital
1,800 
1,800 
Profit and loss account
526,213 
506,059 
Shareholders' funds
528,013 
507,859 
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.
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 10 September 2024 and were signed on its behalf by
Zafar IQBAL Director Company Registration No. 02959113
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HAQ HALAL LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
HAQ HALAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02959113. The registered office is 21 HYDE PARK ROAD, LEEDS, WEST YORKSHIRE, LS6 1PY.
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.
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.
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:
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Investments
Investments in shares are included at fair value.
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HAQ HALAL LIMITED Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
363,632 
18,055 
381,687 
At 31 December 2023
363,632 
18,055 
381,687 
Depreciation
At 1 January 2023
19,537 
17,373 
36,910 
Charge for the year
- 
102 
102 
At 31 December 2023
19,537 
17,475 
37,012 
Net book value
At 31 December 2023
344,095 
580 
344,675 
At 31 December 2022
344,095 
682 
344,777 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
141 
- 
Amounts due from group undertakings etc.
- 
130,000 
Other debtors
130,000 
- 
130,141 
130,000 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
8,111 
3,359 
Loans from directors
38,143 
- 
Accruals
- 
6,155 
46,254 
9,514 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Accruals
1,000 
- 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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