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Company Registration No. 13907665 (England and Wales)
Comfyland Ltd Unaudited accounts for the year ended 31 March 2024
Comfyland Ltd Unaudited accounts Contents
Page
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Comfyland Ltd Company Information for the year ended 31 March 2024
Director
Ali Ahmed Mahmood AL Khazaali
Company Number
13907665 (England and Wales)
Registered Office
36 Wembley Hill Road Wembley London HA9 8FJ United Kingdom
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Comfyland Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
41,704 
46,917 
Tangible assets
10,530 
10,547 
52,234 
57,464 
Current assets
Inventories
43,650 
37,500 
Debtors
60,865 
66,391 
Cash at bank and in hand
19 
296 
104,534 
104,187 
Creditors: amounts falling due within one year
(249,738)
(244,561)
Net current liabilities
(145,204)
(140,374)
Net liabilities
(92,970)
(82,910)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(93,070)
(83,010)
Shareholders' funds
(92,970)
(82,910)
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 director acknowledges his 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 and authorised for issue on 9 August 2024 and were signed on its behalf by
Ali Ahmed Mahmood AL Khazaali Director Company Registration No. 13907665
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Comfyland Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Comfyland Ltd is a private company, limited by shares, registered in England and Wales, registration number 13907665. The registered office is 36 Wembley Hill Road, Wembley, London, HA9 8FJ, 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.
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.
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:
Plant & machinery
20% straight line
Fixtures & fittings
20% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Going concern
The director has considered the period ahead and anticipates further losses in the coming year. The director believes that with support from the shareholder funds and creditors continued funding will be provided to support the company whilst it moves towards profitability and to enable it to meet its day-to-day commitments from cashflows. As a consequence, the director also believes that the company is well placed to manage its business risks successfully. As such, the director has reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the company continues to adopt the going concern basis in preparing the annual report and accounts.
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Comfyland Ltd Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2023
52,130 
At 31 March 2024
52,130 
Amortisation
At 1 April 2023
5,213 
Charge for the year
5,213 
At 31 March 2024
10,426 
Net book value
At 31 March 2024
41,704 
At 31 March 2023
46,917 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
2,362 
10,724 
13,086 
Additions
- 
3,250 
3,250 
At 31 March 2024
2,362 
13,974 
16,336 
Depreciation
At 1 April 2023
394 
2,145 
2,539 
Charge for the year
472 
2,795 
3,267 
At 31 March 2024
866 
4,940 
5,806 
Net book value
At 31 March 2024
1,496 
9,034 
10,530 
At 31 March 2023
1,968 
8,579 
10,547 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,480 
7,306 
Accrued income and prepayments
25,385 
25,385 
Other debtors
33,000 
33,700 
60,865 
66,391 
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Comfyland Ltd Notes to the Accounts for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,286 
- 
Trade creditors
1,259 
31,481 
Other creditors
98,700 
86,000 
Loans from directors
101,493 
77,580 
Accruals
44,000 
49,500 
249,738 
244,561 
8
Transactions with related parties
Included in other creditors is the amount of £101,493 (2023: £77,580) owed to Mr Ali Ahmed Mahmood AL Khazaali, a director and majority shareholder of the company.
9
Average number of employees
During the year the average number of employees was 2 (2023: 1).
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