Company Registration No. 08807551 (England and Wales)
Sibtain-Zahra Limited
Unaudited accounts
for the year ended 31 March 2024
Sibtain-Zahra Limited
Unaudited accounts
Contents
Sibtain-Zahra Limited
Company Information
for the year ended 31 March 2024
Directors
Dr Syed K Sibtain
Dr Syeda A Zahra
Company Number
08807551 (England and Wales)
Registered Office
4 Golf Course Lane
Waltham
Grimsby
DN37 0JN
United Kingdom
Accountants
Taj - Accountants and Business Consultants Ltd
101 Brigsley Road
Waltham
Grimsby
United Kingdom
DN37 0LB
Sibtain-Zahra Limited
Statement of financial position
as at 31 March 2024
Tangible assets
5,547
7,906
Cash at bank and in hand
425,695
273,445
Creditors: amounts falling due within one year
(125,477)
(84,530)
Net current assets
349,607
238,304
Net assets
355,154
246,210
Called up share capital
10
10
Profit and loss account
355,144
246,200
Shareholders' funds
355,154
246,210
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 4 October 2024 and were signed on its behalf by
Dr Syed K Sibtain
Director
Company Registration No. 08807551
Sibtain-Zahra Limited
Notes to the Accounts
for the year ended 31 March 2024
Sibtain-Zahra Limited is a private company, limited by shares, registered in England and Wales, registration number 08807551. The registered office is 4 Golf Course Lane, Waltham, Grimsby, DN37 0JN, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
25% straight line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
16,292
4,939
21,231
Additions
1,924
2,008
3,932
At 31 March 2024
18,216
6,947
25,163
At 1 April 2023
9,706
3,619
13,325
Charge for the year
4,555
1,736
6,291
At 31 March 2024
14,261
5,355
19,616
At 31 March 2024
3,955
1,592
5,547
At 31 March 2023
6,586
1,320
7,906
Sibtain-Zahra Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due after more than one year
Accrued income and prepayments
4,389
4,389
Other debtors
45,000
45,000
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
8,820
8,925
Taxes and social security
56,657
35,605
Proposed dividends
60,000
40,000
7
Transactions with related parties
Dr S K Sibtain is a director and a shareholder in Karma Medical Solutions Ltd a company registered in England. At the year end the balance owing by this this company to Sibtain-Zahra Limited was £45,000 (2023 £45,000). There are no repayment terms and no interest has been charged on this balance.
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).