Registered number
12206816
TAJ HMT LTD
Filleted Accounts
31 August 2024
TAJ HMT LTD
Registered number: 12206816
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 309 617
Current assets
Debtors 4 165 -
Cash at bank and in hand 316,213 337,329
316,378 337,329
Creditors: amounts falling due within one year 5 (68,964) (160,516)
Net current assets 247,414 176,813
Net assets 247,723 177,430
Capital and reserves
Called up share capital 200 200
Profit and loss account 247,523 177,230
Shareholders' funds 247,723 177,430
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 members have 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.
Dr Naeem Ullah
Director
Approved by the board on 25 September 2024
TAJ HMT LTD
Notes to the Accounts
for the year ended 31 August 2024
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:
Plant and machinery 33.33% SL
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 925
At 31 August 2024 925
Depreciation
At 1 September 2023 308
Charge for the year 308
At 31 August 2024 616
Net book value
At 31 August 2024 309
At 31 August 2023 617
4 Debtors 2024 2023
£ £
Other debtors 165 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 65,534 59,552
Other creditors 3,430 100,964
68,964 160,516
6 Controlling party
The director controls the company.
7 Other information
TAJ HMT LTD is a private company limited by shares and incorporated in England. Its registered office is:
Suit 2, Parkway 5
Parkway Business Centre
300 Princess Road
Manchester
M14 7HR
TAJ HMT LTD 12206816 false 2023-09-01 2024-08-31 2024-08-31 VT Final Accounts October 2023 release 2 Dr Naeem Ullah No description of principal activity 12206816 2022-09-01 2023-08-31 12206816 core:WithinOneYear 2023-08-31 12206816 core:ShareCapital 2023-08-31 12206816 core:RetainedEarningsAccumulatedLosses 2023-08-31 12206816 2023-09-01 2024-08-31 12206816 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12206816 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 12206816 bus:Director40 2023-09-01 2024-08-31 12206816 1 2023-09-01 2024-08-31 12206816 2 2023-09-01 2024-08-31 12206816 core:PlantMachinery 2023-09-01 2024-08-31 12206816 countries:England 2023-09-01 2024-08-31 12206816 bus:FRS102 2023-09-01 2024-08-31 12206816 bus:FullAccounts 2023-09-01 2024-08-31 12206816 2024-08-31 12206816 core:WithinOneYear 2024-08-31 12206816 core:ShareCapital 2024-08-31 12206816 core:RetainedEarningsAccumulatedLosses 2024-08-31 12206816 core:PlantMachinery 2024-08-31 12206816 2023-08-31 12206816 core:PlantMachinery 2023-08-31 iso4217:GBP xbrli:pure