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Registered number: 11766867
SAFEWAY BUILDING LTD
Unaudited Financial Statements
For the Period 1 February 2023 to 29 February 2024
A-Z Z-A COMPANIES
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Company Information
Director Mr BAKRI KAZMOUZ
Company Number 11766867
Registered Office Office 55
Friars Place Lane
Acton
London
W3 7AQ
Accountants A-Z Z-A COMPANIES
Naba Abdulrazak AFA MIPA
DOOR 11
203-205 THE VALE
ACTON
LONDON
W3 7QS
Page 1
Page 2
Balance Sheet
Registered number: 11766867
29 February 2024 31 January 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,798 15,858
16,798 15,858
CURRENT ASSETS
Debtors 4,469 -
Cash at bank and in hand 11,084 17,183
15,553 17,183
Creditors: Amounts Falling Due Within One Year 5 (48,479 ) (37,311 )
NET CURRENT ASSETS (LIABILITIES) (32,926 ) (20,128 )
TOTAL ASSETS LESS CURRENT LIABILITIES (16,128 ) (4,270 )
Creditors: Amounts Falling Due After More Than One Year 6 (32,876 ) (37,029 )
NET LIABILITIES (49,004 ) (41,299 )
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account (50,004 ) (42,299 )
SHAREHOLDERS' FUNDS (49,004) (41,299)
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For the period ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr BAKRI KAZMOUZ
Director
17/10/2024
The notes on pages 4 to 5 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
SAFEWAY BUILDING LTD is a private company, limited by shares, incorporated in England & Wales, registered number 11766867 . The registered office is Office 55 , Friars Place Lane, Acton, London, W3 7AQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% on Diminishing Balance
Motor Vehicles 20% on Diminishing Balance
Computer Equipment 20% on Diminishing Balance
3. Average Number of Employees
Average number of employees, including directors, during the period was: 4 (2023: 7)
4 7
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 - 21,951 2,398 24,349
Additions 4,948 - 191 5,139
As at 29 February 2024 4,948 21,951 2,589 29,488
Depreciation
As at 1 February 2023 - 7,903 588 8,491
Provided during the period 990 2,809 400 4,199
As at 29 February 2024 990 10,712 988 12,690
Net Book Value
As at 29 February 2024 3,958 11,239 1,601 16,798
As at 1 February 2023 - 14,048 1,810 15,858
5. Creditors: Amounts Falling Due Within One Year
29 February 2024 31 January 2023
£ £
Trade creditors 24,446 18,269
PAYE Control Account 18 -
Net wages 2,872 2,247
Director's loan account 21,143 16,795
48,479 37,311
6. Creditors: Amounts Falling Due After More Than One Year
29 February 2024 31 January 2023
£ £
Bank loans 32,876 37,029
7. Share Capital
29 February 2024 31 January 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
8. Ultimate Controlling Party
The company's ultimate controlling party is Mr Bakri KAZMOUZ by virtue of his ownership of 100% of the issued share capital in the company.
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