Registered number |
Registered number: | |||||||
Balance Sheet | |||||||
as at |
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Notes | 2023 | 2022 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 3 | ||||||
Current assets | |||||||
Debtors | 4 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 5 | ( |
( |
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Net current assets | |||||||
Net assets | |||||||
Capital and reserves | |||||||
Called up share capital | |||||||
Profit and loss account | |||||||
Shareholder's funds | |||||||
Awranzgeb Tareq | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Revenue | ||||||||
Provided the amount of revenue can be measured reliably and it is probable that the Company will receive some consideration, revenue for services is recognised in the period in which they are rendered. The Company does not charge VAT on transactions owing to money transfer services being an exempt supply. |
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Tangible fixed assets | ||||||||
Depreciation is charged so as to allocate the cost of assests less their residul value over their estimated useful lives, using the straight-line method. |
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Fixtures, fittings, tools and equipment | 20% Straight line basis | |||||||
Debtors | ||||||||
Creditors | ||||||||
Taxation | ||||||||
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. |
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Provisions | ||||||||
2 | Employees | 2023 | 2022 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
3 | Tangible fixed assets | |||||||
Plant and machinery etc | ||||||||
£ | ||||||||
Cost | ||||||||
At 1 October 2022 | ||||||||
At 30 September 2023 | ||||||||
Depreciation | ||||||||
At 1 October 2022 | ||||||||
Charge for the year | ||||||||
At 30 September 2023 | ||||||||
Net book value | ||||||||
At 30 September 2023 | ||||||||
At 30 September 2022 | ||||||||
4 | Debtors | 2023 | 2022 | |||||
£ | £ | |||||||
Merchant facilitator | ||||||||
5 | Creditors: amounts falling due within one year | 2023 | 2022 | |||||
£ | £ | |||||||
Taxation and social security costs | ||||||||
Other creditors | ||||||||
6 | Controlling party | |||||||
7 | Other information | |||||||
Safi Pay Ltd is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
Office 1, | ||||||||
4th Floor Amba House | ||||||||
15 College Road | ||||||||
Harrow | ||||||||
HA1 1BA |