Registered number
03090038
Azad Halal Poultry Ltd
Filleted Accounts
31 December 2023
Azad Halal Poultry Ltd
Registered number: 03090038
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 45,009 16,509
Current assets
Stocks 13,820 18,028
Debtors 4 250,172 201,653
Cash at bank and in hand 79,445 59,395
343,437 279,076
Creditors: amounts falling due within one year 5 (149,402) (132,287)
Net current assets 194,035 146,789
Net assets 239,044 163,298
Capital and reserves
Called up share capital 5,000 5,000
Profit and loss account 234,044 158,298
Shareholder's funds 239,044 163,298
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Tariq M Ghani
Director
Approved by the board on 12 September 2024
Azad Halal Poultry Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
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).
Turnover
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixed Assets 25%
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 27,904 45,776 73,680
Additions 25,403 18,100 43,503
At 31 December 2023 53,307 63,876 117,183
Depreciation
At 1 January 2023 24,005 33,166 57,171
Charge for the year 7,325 7,678 15,003
At 31 December 2023 31,330 40,844 72,174
Net book value
At 31 December 2023 21,977 23,032 45,009
At 31 December 2022 3,899 12,610 16,509
4 Debtors 2023 2022
£ £
Trade debtors 236,345 194,077
Other debtors 13,827 7,576
250,172 201,653
5 Creditors: amounts falling due within one year 2023 2022
£ £
Accruals 5,455 4,100
Wages & Salaries 4,491 3,616
Trade creditors 113,199 108,559
Taxation and social security costs 15,829 10,717
Other creditors 10,428 5,295
149,402 132,287
6 Contingent liabilities
The director has confirmed that there were no contingent liabilities which should be disclosed at 31 December 2023.
7 Related party transactions
The sole director owns all the issued shares in the company and therefore control's the company.

The company paid £1,380 (2022 £1,080) to the director for use of home as office.

The director's current account balance at the year end was £8,049 (2022 £5,297) in credit. This account has always remained in credit and is interest free.

The director shareholder was also paid a dividend of £1,000 (2022 £2000), in addition to a remuneration of £15,000 per anum (2022: £15,000).
8 Going Concern
The director has reviewed a period of 12 months from approval of these financial statements and concluded the company is able to meet all its liabilites as they fall due. As a result it is appropriate it is appropriate to prepare the accounts on a going concern basis.
9 Other information
Azad Halal Poultry Ltd is a private company limited by shares and incorporated in England. Its registered office is:
33 Bridle Close
Hoddesdon
Herts
EN11 9QA
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