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Company Registration No. 04446531 (England and Wales)
Cora Sheibani Ltd Unaudited accounts for the year ended 31 May 2024
Cora Sheibani Ltd Unaudited accounts Contents
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Cora Sheibani Ltd Company Information for the year ended 31 May 2024
Director
Mrs C Sheibani
Company Number
04446531 (England and Wales)
Registered Office
37 Bruton Place London W1J 6NU England
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Cora Sheibani Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,144 
8,021 
Current assets
Inventories
843,572 
765,969 
Debtors
43,808 
31,301 
Cash at bank and in hand
17,130 
10,308 
904,510 
807,578 
Creditors: amounts falling due within one year
(76,345)
(14,685)
Net current assets
828,165 
792,893 
Total assets less current liabilities
839,309 
800,914 
Creditors: amounts falling due after more than one year
(646,708)
(755,681)
Net assets
192,601 
45,233 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
192,501 
45,133 
Shareholders' funds
192,601 
45,233 
For the year ending 31 May 2024 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 her 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 9 October 2024 and were signed on its behalf by
Mrs C Sheibani Director Company Registration No. 04446531
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Cora Sheibani Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Cora Sheibani Ltd is a private company, limited by shares, registered in England and Wales, registration number 04446531. The registered office is 37 Bruton Place, London, W1J 6NU, England.
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:
Fixtures & fittings
25% straight line
Computer equipment
33.33% straight line
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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Cora Sheibani Ltd Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 June 2023
57,638 
Additions
7,969 
At 31 May 2024
65,607 
Depreciation
At 1 June 2023
49,617 
Charge for the year
4,846 
At 31 May 2024
54,463 
Net book value
At 31 May 2024
11,144 
At 31 May 2023
8,021 
5
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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